Semrush Holdings, Inc. (NASDAQ:SEMR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have received a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $13.50.

Several analysts recently commented on SEMR shares. The Goldman Sachs Group raised their target price on Semrush from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, January 23rd. KeyCorp began coverage on shares of Semrush in a research report on Thursday, March 21st. They set an “overweight” rating and a $17.00 price target on the stock. Piper Sandler decreased their price objective on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of Semrush in a research note on Tuesday, March 5th. Finally, Jefferies Financial Group raised shares of Semrush from a “hold” rating to a “buy” rating and boosted their price target for the stock from $9.00 to $15.00 in a report on Wednesday, February 7th.

Insider Buying and Selling

In other news, CMO Andrew Warden sold 9,355 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $13.15, for a total value of $123,018.25. Following the completion of the sale, the chief marketing officer now directly owns 265,471 shares in the company, valued at $3,490,943.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Semrush news, COO Vitalii Obishchenko sold 15,114 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $13.20, for a total value of $199,504.80. Following the transaction, the chief operating officer now directly owns 908,663 shares in the company, valued at approximately $11,994,351.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Andrew Warden sold 9,355 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $13.15, for a total value of $123,018.25. Following the completion of the transaction, the chief marketing officer now owns 265,471 shares of the company’s stock, valued at $3,490,943.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,024 shares of company stock worth $1,935,361. 60.76% of the stock is owned by corporate insiders.

Institutional Trading of Semrush

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russia Partners Management LLC purchased a new stake in shares of Semrush in the 4th quarter valued at $122,715,000. Barclays PLC grew its stake in shares of Semrush by 7.5% during the third quarter. Barclays PLC now owns 55,756 shares of the company’s stock worth $474,000 after purchasing an additional 3,914 shares in the last quarter. Algert Global LLC purchased a new stake in Semrush during the 3rd quarter worth about $415,000. Hsbc Holdings PLC increased its position in Semrush by 61.0% during the third quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock worth $175,000 after buying an additional 7,947 shares during the period. Finally, Pathstone Family Office LLC acquired a new position in shares of Semrush in the third quarter valued at approximately $273,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Semrush Stock Down 1.5 %

Shares of NASDAQ:SEMR opened at $11.50 on Monday. The business has a 50-day moving average price of $12.26 and a 200-day moving average price of $11.21. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 1,151.15 and a beta of 1.56. Semrush has a 52-week low of $7.21 and a 52-week high of $14.09.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings results on Monday, March 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $83.39 million during the quarter, compared to analyst estimates of $83.19 million. Semrush had a net margin of 0.31% and a return on equity of 0.46%. As a group, equities analysts anticipate that Semrush will post 0.12 EPS for the current fiscal year.

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.