Semrush (NASDAQ:SEMR) Trading Down 5.6% – What’s Next?

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) traded down 5.6% on Wednesday . The company traded as low as $10.45 and last traded at $10.43. 314,915 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 768,101 shares. The stock had previously closed at $11.05.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SEMR shares. Northland Securities began coverage on shares of Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price for the company. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $17.00 to $20.00 in a research note on Monday, January 13th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Semrush in a research report on Wednesday, January 15th. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group upped their target price on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.88.

Semrush Stock Down 2.4 %

The stock has a market capitalization of $1.58 billion, a PE ratio of 134.83 and a beta of 1.69. The stock’s 50-day moving average is $14.95 and its 200 day moving average is $14.15.

Insider Buying and Selling at Semrush

In other news, CEO Oleg Shchegolev sold 6,859 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total transaction of $80,318.89. Following the transaction, the chief executive officer now owns 7,301,214 shares in the company, valued at approximately $85,497,215.94. The trade was a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel David W. Mason sold 1,875 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.15, for a total value of $32,156.25. Following the sale, the general counsel now owns 158,415 shares in the company, valued at approximately $2,716,817.25. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 351,090 shares of company stock worth $4,736,123 over the last three months. Corporate insiders own 57.83% of the company’s stock.

Institutional Investors Weigh In On Semrush

A number of institutional investors have recently bought and sold shares of SEMR. Mackenzie Financial Corp bought a new position in shares of Semrush during the 4th quarter worth about $308,000. PharVision Advisers LLC bought a new position in Semrush during the fourth quarter worth about $213,000. Woodline Partners LP acquired a new stake in Semrush during the fourth quarter valued at approximately $298,000. Vident Advisory LLC bought a new stake in shares of Semrush in the 4th quarter valued at approximately $133,000. Finally, Two Sigma Advisers LP acquired a new position in shares of Semrush in the 4th quarter worth approximately $530,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.