Shares of SEMrush Holdings, Inc. (NASDAQ:SEMR) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $22.75.
Several brokerages have commented on SEMR. KeyCorp boosted their price target on shares of SEMrush from $27.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 8th. Stifel Nicolaus boosted their price target on shares of SEMrush from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Zacks Investment Research cut shares of SEMrush from a “buy” rating to a “hold” rating in a research note on Wednesday.
In other news, CRO Delbert M. Humenik sold 17,864 shares of the company’s stock in a transaction that occurred on Wednesday, August 18th. The shares were sold at an average price of $21.39, for a total value of $382,110.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Delbert M. Humenik sold 16,318 shares of the company’s stock in a transaction that occurred on Wednesday, August 11th. The stock was sold at an average price of $20.51, for a total transaction of $334,682.18. The disclosure for this sale can be found here. Insiders have sold a total of 379,871 shares of company stock worth $8,938,079 over the last quarter.
SEMR stock traded up $0.57 during mid-day trading on Monday, hitting $24.00. The company had a trading volume of 320 shares, compared to its average volume of 368,090. SEMrush has a 12-month low of $10.62 and a 12-month high of $32.48. The company has a 50-day moving average price of $24.44 and a 200 day moving average price of $20.27.
SEMrush Holdings, Inc develops online visibility management software as a service (SaaS) platform. It helps businesses to run search engine optimization, pay-per-click, content, social media, and competitive research campaigns. The company offers insights and solutions to build, manage, and measure campaigns across various marketing channels.
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