SEMrush (NYSE:SEMR) Downgraded by KeyCorp to “Hold”

SEMrush (NYSE:SEMR) was downgraded by analysts at KeyCorp from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities analysts have also commented on SEMR. Wall Street Zen raised SEMrush from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Zacks Research upgraded shares of SEMrush from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of SEMrush in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

SEMrush Stock Performance

NYSE:SEMR opened at $11.77 on Wednesday. The stock has a 50-day moving average of $7.44. The stock has a market cap of $1.75 billion, a PE ratio of -588.50 and a beta of 1.60. SEMrush has a 12 month low of $6.56 and a 12 month high of $18.74.

SEMrush (NYSE:SEMR) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $112.08 million during the quarter, compared to the consensus estimate of $111.53 million. SEMrush had a negative net margin of 1.05% and a negative return on equity of 1.60%.

About SEMrush

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.