Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $6.91 and last traded at $7.07, with a volume of 102363 shares traded. The stock had previously closed at $7.10.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on SEMR shares. The Goldman Sachs Group cut their price target on Semrush from $12.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. KeyCorp set a $12.00 target price on shares of Semrush and gave the stock an "overweight" rating in a research note on Tuesday, August 5th. Needham & Company LLC lowered their target price on shares of Semrush from $18.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. Finally, Morgan Stanley set a $9.00 target price on shares of Semrush and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $13.50.
Get Our Latest Research Report on Semrush
Semrush Stock Performance
The stock has a market capitalization of $1.05 billion, a PE ratio of 87.77 and a beta of 1.60. The stock's 50 day moving average is $7.50 and its two-hundred day moving average is $8.80.
Insider Buying and Selling
In other Semrush news, Director Mark Vranesh sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Andrew Warden sold 7,000 shares of the firm's stock in a transaction that occurred on 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 directly owned 366,917 shares in the company, valued at $2,850,945.09. This trade represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,408 shares of company stock worth $114,457 over the last three months. Corporate insiders own 55.61% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SEMR. Signaturefd LLC purchased a new stake in shares of Semrush during the 1st quarter valued at approximately $42,000. Amundi raised its position in shares of Semrush by 29.3% during the 1st quarter. Amundi now owns 4,890 shares of the company's stock valued at $44,000 after buying an additional 1,108 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Semrush by 96.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,500 shares of the company's stock valued at $50,000 after buying an additional 2,700 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Semrush by 56.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,284 shares of the company's stock valued at $57,000 after buying an additional 2,259 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Semrush during the 2nd quarter valued at approximately $93,000. 32.86% of the stock is owned by hedge funds and other institutional investors.
About Semrush
(
Get Free Report)
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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