Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $17.13 Average Price Target from Brokerages

Semrush Holdings, Inc. (NASDAQ:SEMR) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $17.13.

SEMR has been the subject of a number of analyst reports. KeyCorp upped their price objective on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $17.00 to $20.00 in a research note on Monday, January 13th. The Goldman Sachs Group upped their target price on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. raised their price target on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Northland Securities started coverage on shares of Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target on the stock.

Insiders Place Their Bets

In related news, Director Dmitry Melnikov sold 42,226 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $13.50, for a total transaction of $570,051.00. Following the completion of the transaction, the director now owns 9,099,091 shares in the company, valued at $122,837,728.50. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Eugenie Levin sold 6,943 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $11.74, for a total value of $81,510.82. Following the transaction, the president now owns 580,549 shares of the company’s stock, valued at approximately $6,815,645.26. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 306,911 shares of company stock valued at $3,997,453 over the last 90 days. 57.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On Semrush

Several hedge funds and other institutional investors have recently modified their holdings of SEMR. Bank of New York Mellon Corp lifted its position in Semrush by 28.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 104,761 shares of the company’s stock valued at $1,403,000 after purchasing an additional 23,313 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Semrush by 29.7% in the second quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock valued at $655,000 after purchasing an additional 11,202 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Semrush by 330.9% during the second quarter. Acadian Asset Management LLC now owns 37,461 shares of the company’s stock valued at $499,000 after buying an additional 28,768 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after buying an additional 236,010 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Semrush by 69.5% in the 2nd 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 Performance

SEMR stock opened at $16.48 on Wednesday. The stock has a 50-day simple moving average of $13.30 and a 200-day simple moving average of $13.63. The firm has a market cap of $2.42 billion, a P/E ratio of 205.96 and a beta of 1.62. Semrush has a 1 year low of $9.64 and a 1 year high of $16.60.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $97.41 million for the quarter, compared to analysts’ expectations of $96.49 million. Semrush had a net margin of 3.29% and a return on equity of 4.93%. During the same quarter in the prior year, the business earned $0.03 EPS. On average, equities research analysts predict that Semrush will post 0.08 EPS for the current year.

About Semrush

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.