SEMrush (NYSE:SEMR) Trading Down 0.8% - What's Next?

Key Points

• SEMrush Holdings, Inc. (NYSE: SEMR) shares decreased by 0.8%, trading between $7.31 and $7.35 with a significant increase in trading volume.
• Recent analyst ratings include a downgrade from "buy" to "hold" by Wall Street Zen and a "strong sell" rating by Zacks Research, contributing to a current consensus rating of "Sell".
• SEMrush specializes in online visibility management software, assisting companies in reaching their target audience and enhancing their digital marketing efforts.

Shares of SEMrush Holdings, Inc. (NYSE:SEMR - Get Free Report) fell 0.8% during mid-day trading on Wednesday . The stock traded as low as $7.31 and last traded at $7.35. 1,313,922 shares traded hands during trading, an increase of 32% from the average session volume of 992,070 shares. The stock had previously closed at $7.41.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of SEMrush to a "strong sell" rating in a research note on Friday, August 8th. Wall Street Zen downgraded shares of SEMrush from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of "Sell".

SEMrush Stock Up 2.9%

SEMrush Company Profile

Semrush Holdings, Inc develops an online visibility management software-as-a-service platform worldwide. 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.