Analysts Set Semrush Holdings, Inc. (NASDAQ:SEMR) Price Target at $13.50

Semrush Holdings, Inc. (NASDAQ:SEMR) has earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $13.50.

A number of research analysts have issued reports on SEMR shares. KeyCorp set a $12.00 price objective on shares of Semrush and gave the company an “overweight” rating in a research report on Tuesday, August 5th. Needham & Company LLC reduced their price objective on shares of Semrush from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, August 5th. The Goldman Sachs Group reduced their price objective on shares of Semrush from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Finally, Morgan Stanley set a $9.00 price objective on shares of Semrush and gave the company an “equal weight” rating in a research report on Tuesday, August 5th.

Semrush Trading Down 2.0%

Shares of Semrush stock opened at $7.19 on Friday. The company’s fifty day simple moving average is $7.49 and its two-hundred day simple moving average is $8.75. The company has a market cap of $1.07 billion, a P/E ratio of 89.82 and a beta of 1.60. Semrush has a 12-month low of $6.91 and a 12-month high of $18.74.

Insider Transactions at Semrush

In other news, Director Mark Vranesh sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the sale, the director directly owned 116,693 shares of the company’s stock, valued at $1,166,930. This represents a 4.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Andrew Warden sold 7,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $7.77, for a total transaction of $54,390.00. Following the completion of the sale, the chief marketing officer directly owned 366,917 shares in the company, valued at $2,850,945.09. This represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,408 shares of company stock worth $114,457 over the last ninety days. Insiders own 55.61% of the company’s stock.

Hedge Funds Weigh In On Semrush

A number of hedge funds have recently bought and sold shares of the company. Clarity Financial LLC bought a new position in Semrush in the 3rd quarter worth about $170,000. Caxton Associates LLP boosted its stake in Semrush by 61.8% in the 2nd quarter. Caxton Associates LLP now owns 39,835 shares of the company’s stock worth $361,000 after purchasing an additional 15,212 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Semrush by 56.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,284 shares of the company’s stock worth $57,000 after purchasing an additional 2,259 shares in the last quarter. Engineers Gate Manager LP boosted its stake in Semrush by 43.1% in the 2nd quarter. Engineers Gate Manager LP now owns 253,526 shares of the company’s stock worth $2,294,000 after purchasing an additional 76,333 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in Semrush in the 2nd quarter worth about $6,926,000. 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.