Semrush’s (SEMR) Sector Weight Rating Reaffirmed at KeyCorp

Semrush (NASDAQ:SEMR)‘s stock had its “sector weight” rating reaffirmed by stock analysts at KeyCorp in a note issued to investors on Wednesday,Benzinga reports.

A number of other equities research analysts have also weighed in on SEMR. Needham & Company LLC lowered their target price on Semrush from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. 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, August 5th. Finally, The Goldman Sachs Group lowered their price objective on Semrush from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.50.

Semrush Stock Performance

SEMR traded up $5.04 during trading on Wednesday, reaching $11.80. The stock had a trading volume of 28,548,874 shares, compared to its average volume of 1,082,849. The business has a 50-day moving average of $7.35 and a 200-day moving average of $8.44. Semrush has a one year low of $6.56 and a one year high of $18.74. The stock has a market cap of $1.75 billion, a PE ratio of 147.46 and a beta of 1.60.

Insider Activity

In related news, CMO Andrew Warden sold 7,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief marketing officer directly owned 366,917 shares in the company, valued at approximately $2,850,945.09. The trade was a 1.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 55.61% of the company’s stock.

Hedge Funds Weigh In On Semrush

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. grew its holdings in Semrush by 55.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 287,647 shares of the company’s stock valued at $2,037,000 after buying an additional 102,623 shares in the last quarter. Voleon Capital Management LP purchased a new stake in Semrush during the third quarter valued at approximately $2,067,000. Verition Fund Management LLC lifted its stake in shares of Semrush by 364.8% in the 3rd quarter. Verition Fund Management LLC now owns 310,170 shares of the company’s stock valued at $2,196,000 after purchasing an additional 243,440 shares during the last quarter. Polymer Capital Management US LLC boosted its holdings in shares of Semrush by 17.8% in the 3rd quarter. Polymer Capital Management US LLC now owns 14,927 shares of the company’s stock worth $106,000 after purchasing an additional 2,255 shares during the period. Finally, Numerai GP LLC increased its position in shares of Semrush by 983.5% during the 3rd quarter. Numerai GP LLC now owns 369,251 shares of the company’s stock valued at $2,614,000 after purchasing an additional 335,172 shares during the last quarter. Institutional investors own 32.86% of the company’s stock.

Semrush Company Profile

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.