Semrush (NASDAQ:SEMR) Raised to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Semrush (NASDAQ:SEMRFree Report) from a hold rating to a buy rating in a report issued on Wednesday morning, Benzinga reports. They currently have $15.00 price target on the stock, up from their previous price target of $9.00.

A number of other research firms have also recently weighed in on SEMR. The Goldman Sachs Group boosted their target price on Semrush from $10.00 to $12.00 and gave the stock a neutral rating in a report on Tuesday, January 23rd. Piper Sandler reissued a neutral rating and set a $14.00 target price (up previously from $12.00) on shares of Semrush in a report on Tuesday, January 9th. Needham & Company LLC boosted their target price on Semrush from $13.00 to $15.00 and gave the stock a buy rating in a report on Tuesday, December 12th. Finally, Morgan Stanley dropped their target price on Semrush from $12.00 to $10.00 and set an equal weight rating on the stock in a report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $13.20.

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Semrush Trading Up 0.8 %

SEMR opened at $12.24 on Wednesday. The business’s 50 day moving average is $12.27 and its 200-day moving average is $10.12. The stock has a market cap of $1.75 billion, a PE ratio of -87.42 and a beta of 1.56. Semrush has a twelve month low of $7.21 and a twelve month high of $14.09.

Insider Buying and Selling at Semrush

In other Semrush news, President Eugenie Levin sold 40,921 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $12.48, for a total value of $510,694.08. Following the transaction, the president now owns 271,285 shares of the company’s stock, valued at $3,385,636.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Semrush news, President Eugenie Levin sold 40,921 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $12.48, for a total value of $510,694.08. Following the transaction, the president now owns 271,285 shares of the company’s stock, valued at $3,385,636.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dmitry Melnikov sold 30,271 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $9.77, for a total value of $295,747.67. Following the completion of the transaction, the director now directly owns 1,343,565 shares in the company, valued at approximately $13,126,630.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 900,844 shares of company stock valued at $10,135,869. Corporate insiders own 60.76% of the company’s stock.

Hedge Funds Weigh In On Semrush

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in Semrush during the 4th quarter worth approximately $351,000. UBS Group AG grew its position in Semrush by 107.2% during the 4th quarter. UBS Group AG now owns 56,837 shares of the company’s stock worth $776,000 after purchasing an additional 29,408 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Semrush by 310.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 142,079 shares of the company’s stock worth $1,941,000 after purchasing an additional 107,476 shares in the last quarter. Jump Financial LLC grew its position in Semrush by 161.3% during the 4th quarter. Jump Financial LLC now owns 74,230 shares of the company’s stock worth $1,014,000 after purchasing an additional 45,820 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Semrush by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 240,087 shares of the company’s stock worth $3,280,000 after purchasing an additional 3,235 shares in the last quarter. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

About Semrush

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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.

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Analyst Recommendations for Semrush (NASDAQ:SEMR)

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