Shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $8.49, but opened at $9.10. Semrush shares last traded at $9.01, with a volume of 373,123 shares changing hands.
Analyst Ratings Changes
A number of research analysts recently weighed in on SEMR shares. KeyCorp set a $12.00 target price on Semrush and gave the company an "overweight" rating in a report on Tuesday. The Goldman Sachs Group decreased their target price on Semrush from $12.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday. Needham & Company LLC dropped their target price on shares of Semrush from $18.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Morgan Stanley set a $9.00 price target on shares of Semrush and gave the company an "equal weight" rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Semrush currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.
View Our Latest Analysis on SEMR
Semrush Stock Performance
The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 92.92 and a beta of 1.65. The stock has a fifty day simple moving average of $9.18 and a two-hundred day simple moving average of $10.97.
Insiders Place Their Bets
In other news, CMO Andrew Warden sold 7,344 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $10.81, for a total value of $79,388.64. Following the completion of the sale, the chief marketing officer directly owned 393,655 shares of the company's stock, valued at $4,255,410.55. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Oleg Shchegolev sold 2,500,000 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $10.01, for a total value of $25,025,000.00. Following the sale, the chief technology officer owned 26,739,320 shares of the company's stock, valued at $267,660,593.20. This trade represents a 8.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,561,250 shares of company stock worth $25,650,643 in the last 90 days. Company insiders own 55.61% of the company's stock.
Institutional Trading of Semrush
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Bank raised its stake in Semrush by 14.6% during the fourth quarter. Comerica Bank now owns 6,304 shares of the company's stock valued at $75,000 after buying an additional 801 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Semrush by 3.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company's stock worth $299,000 after buying an additional 830 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Semrush by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company's stock valued at $247,000 after acquiring an additional 912 shares in the last quarter. Amundi raised its holdings in Semrush by 29.3% in the 1st 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. Finally, Martingale Asset Management L P boosted its stake in Semrush by 2.4% during the 1st quarter. Martingale Asset Management L P now owns 54,352 shares of the company's stock valued at $507,000 after purchasing an additional 1,268 shares during the last quarter. Institutional investors own 32.86% of the company's stock.
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.
Read More
Before you consider Semrush, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Semrush wasn't on the list.
While Semrush currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access