Semrush Holdings, Inc. (NASDAQ:SEMR) Receives Consensus Recommendation of "Buy" from Analysts

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) have been assigned an average recommendation of "Buy" from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.43.

Several equities research analysts recently commented on the company. KeyCorp cut their price target on Semrush from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Morgan Stanley lowered their price target on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group cut their price objective on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, March 28th.

Insider Transactions at Semrush

In related news, Director Anna Baird sold 20,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $10.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director directly owned 26,556 shares in the company, valued at $265,560. This trade represents a 42.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian Mulroy sold 20,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $10.43, for a total transaction of $208,600.00. Following the completion of the transaction, the chief financial officer owned 907,385 shares of the company's stock, valued at approximately $9,464,025.55. This trade represents a 2.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,561,250 shares of company stock worth $25,650,643. 55.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On Semrush

Several large investors have recently bought and sold shares of the stock. Signaturefd LLC acquired a new position in shares of Semrush during the first quarter worth about $42,000. US Bancorp DE lifted its stake in Semrush by 2,127.2% in the fourth quarter. US Bancorp DE now owns 3,608 shares of the company's stock worth $43,000 after acquiring an additional 3,446 shares during the last quarter. Amundi lifted its stake in Semrush by 29.3% in the first quarter. Amundi now owns 4,890 shares of the company's stock worth $44,000 after acquiring an additional 1,108 shares during the last quarter. Quarry LP grew its holdings in Semrush by 504.8% during the 4th quarter. Quarry LP now owns 4,300 shares of the company's stock worth $51,000 after acquiring an additional 3,589 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Semrush in the 4th quarter valued at approximately $71,000. Hedge funds and other institutional investors own 32.86% of the company's stock.

Semrush Stock Down 4.7%

Shares of Semrush stock traded down $0.43 during trading hours on Wednesday, reaching $8.55. 426,884 shares of the company's stock were exchanged, compared to its average volume of 587,959. The business has a fifty day moving average of $9.73 and a two-hundred day moving average of $11.49. The company has a market capitalization of $1.27 billion, a P/E ratio of 106.83 and a beta of 1.65. Semrush has a 1 year low of $7.90 and a 1 year high of $18.74.

About Semrush

Semrush Holdings, Inc develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally. The company enables companies to identify and reach the right audience for their content through the right channels. Its platform enables the company's customers to understand trends and act upon insights to enhance the online visibility, and drive traffic to their websites and social media pages, as well as online listings, distribute targeted content to their customers, and measure the digital marketing campaigns.