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

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $16.50.

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

Semrush Trading Down 1.3 %

NASDAQ:SEMR opened at $12.32 on Friday. The stock has a market capitalization of $1.81 billion, a P/E ratio of 154.02 and a beta of 1.59. Semrush has a 1 year low of $9.64 and a 1 year high of $16.42. The firm has a 50 day moving average of $13.45 and a 200-day moving average of $13.72.

Insider Activity at Semrush

In other Semrush news, COO Vitalii Obishchenko sold 4,971 shares of Semrush stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $14.97, for a total value of $74,415.87. Following the transaction, the chief operating officer now owns 843,952 shares in the company, valued at $12,633,961.44. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark Vranesh sold 7,500 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $15.51, for a total transaction of $116,325.00. Following the completion of the transaction, the director now directly owns 113,731 shares of the company’s stock, valued at approximately $1,763,967.81. The trade was a 6.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 233,056 shares of company stock worth $3,054,001. Insiders own 57.83% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. acquired a new stake in Semrush in the second quarter valued at $123,000. DRW Securities LLC acquired a new stake in shares of Semrush in the third quarter valued at about $157,000. Virtu Financial LLC bought a new position in shares of Semrush during the third quarter worth about $158,000. Olympiad Research LP acquired a new position in shares of Semrush in the third quarter worth approximately $159,000. Finally, Versor Investments LP bought a new stake in Semrush in the second quarter valued at approximately $174,000. Institutional investors 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.