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

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $17.13.

A number of brokerages have issued reports on SEMR. Morgan Stanley raised shares of Semrush from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $17.00 to $20.00 in a report on Monday, January 13th. KeyCorp lifted their price objective on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Semrush in a 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, JPMorgan Chase & Co. increased their price objective on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd.

Insider Activity at Semrush

In related news, CEO Oleg Shchegolev sold 6,859 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total value of $80,318.89. Following the completion of the transaction, the chief executive officer now directly owns 7,301,214 shares in the company, valued at approximately $85,497,215.94. This represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Andrew Warden sold 8,462 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total value of $99,090.02. Following the completion of the sale, the chief marketing officer now directly owns 276,656 shares in the company, valued at approximately $3,239,641.76. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 306,911 shares of company stock valued at $3,997,453. 57.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in Semrush by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock valued at $6,080,000 after acquiring an additional 3,244 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Semrush by 28.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after purchasing an additional 3,706 shares during the period. Point72 Asset Management L.P. acquired a new stake in Semrush during the 2nd quarter worth approximately $123,000. DRW Securities LLC purchased a new position in Semrush in the third quarter valued at approximately $157,000. Finally, Virtu Financial LLC purchased a new stake in Semrush during the third quarter worth approximately $158,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Semrush Stock Performance

Shares of Semrush stock opened at $16.48 on Wednesday. The company has a market cap of $2.42 billion, a P/E ratio of 205.96 and a beta of 1.62. The firm has a fifty day moving average of $13.30 and a two-hundred day moving average of $13.63. Semrush has a one year low of $9.64 and a one year high of $16.60.

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