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

Key Points

• Semrush Holdings, Inc. has received a consensus rating of "Moderate Buy" from analysts, with a target price averaging $13.50.
• Recent analyst reports indicate varying price targets, with KeyCorp setting a price target of $12.00, while Morgan Stanley and Goldman Sachs have lower targets of $9.00.
• The company's stock opened at $7.36, boasting a market cap of $1.09 billion, and showing a 52-week range from $6.91 to $18.74.

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $13.50.

SEMR has been the subject of a number of analyst reports. KeyCorp set a $12.00 price target on Semrush and gave the company an "overweight" rating in a research note on Tuesday, August 5th. Morgan Stanley set a $9.00 price target on Semrush and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group dropped their price target on Semrush from $12.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Finally, Needham & Company LLC dropped their price target on Semrush from $18.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, August 5th.

Semrush Stock Up 0.6%

SEMR stock opened at $7.36 on Friday. The company has a market cap of $1.09 billion, a PE ratio of 91.95 and a beta of 1.60. The business has a 50-day simple moving average of $7.49 and a 200 day simple moving average of $8.77. Semrush has a 52 week low of $6.91 and a 52 week high of $18.74.

Insider Transactions at Semrush

In other Semrush news, CMO Andrew Warden sold 7,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $7.77, for a total transaction of $54,390.00. Following the completion of the transaction, the chief marketing officer owned 366,917 shares of the company's stock, valued at approximately $2,850,945.09. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Vranesh sold 5,000 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $10.00, for a total transaction of $50,000.00. Following the completion of the transaction, the director directly owned 116,693 shares of the company's stock, valued at $1,166,930. This trade represents a 4.11% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,408 shares of company stock valued at $114,457. 55.61% of the stock is owned by insiders.

Institutional Trading of Semrush

Hedge funds and other institutional investors have recently modified their holdings of the stock. Deutsche Bank AG lifted its stake in shares of Semrush by 261.1% in the 1st quarter. Deutsche Bank AG now owns 121,946 shares of the company's stock valued at $1,138,000 after acquiring an additional 88,177 shares during the last quarter. Nuveen LLC acquired a new position in Semrush in the 1st quarter worth about $10,762,000. Charles Schwab Investment Management Inc. increased its holdings in Semrush by 16.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 356,551 shares of the company's stock worth $3,327,000 after purchasing an additional 50,786 shares in the last quarter. Zevenbergen Capital Investments LLC bought a new position in Semrush in the first quarter valued at about $2,273,000. Finally, Jump Financial LLC raised its position in Semrush by 100.3% in the first quarter. Jump Financial LLC now owns 88,704 shares of the company's stock valued at $828,000 after purchasing an additional 44,422 shares during the last quarter. Institutional investors own 32.86% of the company's stock.

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.

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