Semrush Holdings, Inc. (NASDAQ:SEMR – Get Free Report) CFO Brian Mulroy sold 3,015 shares of Semrush stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $12.40, for a total transaction of $37,386.00. Following the completion of the transaction, the chief financial officer now owns 430,196 shares of the company’s stock, valued at $5,334,430.40. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Semrush Trading Up 5.2 %
Shares of NASDAQ SEMR opened at $13.32 on Wednesday. The business has a 50-day moving average of $13.13 and a 200-day moving average of $13.57. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 166.52 and a beta of 1.62. Semrush Holdings, Inc. has a 12 month low of $9.64 and a 12 month high of $16.42.
Analyst Upgrades and Downgrades
SEMR has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $17.00 to $20.00 in a research note on Monday. The Goldman Sachs Group increased their price objective on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Northland Securities assumed coverage on Semrush in a report on Tuesday. They set an “outperform” rating and a $18.00 target price for the company. KeyCorp increased their price target on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.13.
Hedge Funds Weigh In On Semrush
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its holdings in shares of Semrush by 28.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 104,761 shares of the company’s stock worth $1,403,000 after acquiring an additional 23,313 shares during the last quarter. Rhumbline Advisers raised its position in Semrush by 29.7% during the second quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock valued at $655,000 after purchasing an additional 11,202 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Semrush during the second quarter worth about $258,000. Acadian Asset Management LLC boosted its holdings in shares of Semrush by 330.9% in the 2nd quarter. Acadian Asset Management LLC now owns 37,461 shares of the company’s stock worth $499,000 after purchasing an additional 28,768 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Semrush by 385.0% during the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after purchasing an additional 236,010 shares during the last quarter. Hedge funds and other 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.
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