Brokerages Set Semrush Holdings, Inc. (NASDAQ:SEMR) Target Price at $17.88

Semrush Holdings, Inc. (NASDAQ:SEMR) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $17.88.

SEMR has been the topic of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. Northland Securities started coverage on shares of Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target on the stock. Morgan Stanley raised shares of Semrush from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $17.00 to $20.00 in a research report on Monday, January 13th. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group lifted their price target on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd.

Semrush Price Performance

SEMR opened at $17.82 on Friday. The company’s 50 day simple moving average is $14.55 and its two-hundred day simple moving average is $14.05. Semrush has a 1-year low of $9.64 and a 1-year high of $18.74. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 222.72 and a beta of 1.69.

Insider Buying and Selling at Semrush

In other Semrush news, President Eugenie Levin sold 15,093 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.11, for a total value of $258,241.23. Following the completion of the transaction, the president now owns 493,456 shares in the company, valued at $8,443,032.16. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dmitry Melnikov sold 42,226 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $122,837,728.50. This trade represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 351,090 shares of company stock valued at $4,736,123 over the last quarter. 57.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On Semrush

Several institutional investors have recently modified their holdings of the business. Comerica Bank grew its stake in shares of Semrush by 14.6% in the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after acquiring an additional 801 shares in the last quarter. Magnetar Financial LLC grew its stake in shares of Semrush by 6.3% during the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company’s stock worth $186,000 after purchasing an additional 933 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Semrush by 11.7% during the fourth quarter. MetLife Investment Management LLC now owns 23,028 shares of the company’s stock worth $274,000 after purchasing an additional 2,421 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Semrush by 21.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,242 shares of the company’s stock worth $170,000 after purchasing an additional 2,471 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Semrush by 2.9% during the fourth quarter. Barclays PLC now owns 105,411 shares of the company’s stock worth $1,253,000 after purchasing an additional 3,004 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.