Semrush (NASDAQ:SEMR) Sees Large Volume Increase - Should You Buy?

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) saw strong trading volume on Wednesday . 1,742,257 shares changed hands during trading, an increase of 207% from the previous session's volume of 567,099 shares.The stock last traded at $10.23 and had previously closed at $10.02.

Analyst Ratings Changes

Several research firms recently weighed in on SEMR. Morgan Stanley dropped their price target on Semrush from $19.00 to $13.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group dropped their price target 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. Finally, KeyCorp dropped their price objective on Semrush from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $16.43.

Semrush Stock Performance

The stock has a market capitalization of $1.54 billion, a P/E ratio of 129.58 and a beta of 1.71. The business has a fifty day simple moving average of $9.77 and a 200-day simple moving average of $12.21.

Insider Buying and Selling at Semrush

In related news, CTO Oleg Shchegolev sold 9,563 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $9.44, for a total value of $90,274.72. Following the completion of the sale, the chief technology officer now directly owns 7,402,719 shares of the company's stock, valued at $69,881,667.36. The trade was a 0.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brian Mulroy sold 4,207 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $8.61, for a total value of $36,222.27. Following the completion of the transaction, the chief financial officer now owns 694,351 shares in the company, valued at approximately $5,978,362.11. The trade was a 0.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,583,087 shares of company stock valued at $25,854,230. Corporate insiders own 55.61% of the company's stock.

Institutional Trading of Semrush

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

Semrush Company Profile

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.