Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $16.50 Average PT from Analysts

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $16.50.

Several equities research analysts have weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group raised their target price on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Finally, KeyCorp increased their price target on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd.

Insider Buying and Selling at Semrush

In related news, CFO Brian Mulroy sold 4,207 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $13.12, for a total value of $55,195.84. Following the completion of the transaction, the chief financial officer now directly owns 433,211 shares in the company, valued at approximately $5,683,728.32. The trade was a 0.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Vitalii Obishchenko sold 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $13.43, for a total transaction of $738,650.00. Following the sale, the chief operating officer now owns 848,923 shares in the company, valued at $11,401,035.89. This trade represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,112 shares of company stock valued at $2,179,734. Corporate insiders own 57.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SEMR. FMR LLC lifted its position in Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after acquiring an additional 467,517 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Semrush in the 2nd quarter valued at about $3,732,000. Federated Hermes Inc. lifted its holdings in shares of Semrush by 385.0% in the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after purchasing an additional 236,010 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Semrush during the second quarter worth about $3,006,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Semrush by 69.5% during the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after buying an additional 218,488 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

Semrush Stock Down 3.0 %

Semrush stock opened at $13.42 on Tuesday. The stock has a 50-day simple moving average of $13.86 and a 200 day simple moving average of $14.04. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 167.75 and a beta of 1.62. Semrush has a 12-month low of $9.64 and a 12-month high of $16.42.

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.