Semrush Holdings, Inc. (NASDAQ:SEMR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $16.50.

A number of research firms have recently weighed in on SEMR. KeyCorp upped their target price on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Monday, November 11th. The Goldman Sachs Group boosted their price target on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd.

Semrush Stock Down 2.9 %

NASDAQ:SEMR opened at $11.97 on Friday. Semrush has a twelve month low of $9.64 and a twelve month high of $16.42. The firm’s fifty day simple moving average is $13.40 and its 200 day simple moving average is $13.69. The stock has a market cap of $1.76 billion, a P/E ratio of 149.64 and a beta of 1.59.

Insider Activity at Semrush

In other Semrush news, Director Dmitry Melnikov sold 44,592 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $12.76, for a total transaction of $568,993.92. Following the completion of the sale, the director now directly owns 8,978,501 shares in the company, valued at approximately $114,565,672.76. The trade was a 0.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Vranesh sold 7,500 shares of Semrush stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $15.51, for a total value of $116,325.00. Following the completion of the sale, the director now directly owns 113,731 shares of the company’s stock, valued at $1,763,967.81. The trade was a 6.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 249,523 shares of company stock valued at $3,255,887 over the last ninety days. Insiders own 57.83% of the company’s stock.

Hedge Funds Weigh In On Semrush

Several institutional investors have recently made changes to their positions in SEMR. JPMorgan Chase & Co. increased its holdings in Semrush by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock valued at $6,080,000 after buying an additional 3,244 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Semrush by 28.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after purchasing an additional 3,706 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Semrush in the 2nd quarter worth $123,000. DRW Securities LLC purchased a new position in Semrush during the third quarter valued at $157,000. Finally, Virtu Financial LLC bought a new stake in Semrush during the third quarter valued at about $158,000. 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.