Semrush Holdings, Inc. (NASDAQ:SEMR) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $18.14.

SEMR has been the topic of a number of research analyst reports. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $17.00 to $20.00 in a research note on Monday, January 13th. Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. The Goldman Sachs Group decreased their price objective on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, March 28th. Finally, Jefferies Financial Group boosted their target price on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, February 3rd.

Semrush Stock Performance

Shares of SEMR stock opened at $8.50 on Monday. Semrush has a 52 week low of $8.24 and a 52 week high of $18.74. The company’s 50 day moving average price is $13.31 and its two-hundred day moving average price is $13.53. The company has a market capitalization of $1.25 billion, a P/E ratio of 106.26 and a beta of 1.80.

Insiders Place Their Bets

In related news, President Eugenie Levin sold 4,075 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $9.44, for a total transaction of $38,468.00. Following the transaction, the president now directly owns 797,393 shares in the company, valued at approximately $7,527,389.92. The trade was a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel David W. Mason sold 1,875 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.15, for a total transaction of $32,156.25. Following the sale, the general counsel now directly owns 158,415 shares in the company, valued at $2,716,817.25. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 270,174 shares of company stock valued at $3,437,342 in the last 90 days. 57.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Semrush

Institutional investors have recently bought and sold shares of the business. Verition Fund Management LLC lifted its position in shares of Semrush by 278.9% in the third quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock valued at $2,113,000 after buying an additional 99,021 shares during the last quarter. Barclays PLC lifted its holdings in Semrush by 115.2% during the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after purchasing an additional 54,830 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Semrush during the 4th quarter valued at $6,869,000. Y Intercept Hong Kong Ltd boosted its position in Semrush by 166.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company’s stock worth $1,226,000 after purchasing an additional 64,514 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Semrush by 329.4% in the fourth quarter. SG Americas Securities LLC now owns 56,089 shares of the company’s stock valued at $666,000 after purchasing an additional 43,027 shares during the last quarter. Institutional investors and hedge funds 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.