Semrush (NASDAQ:SEMR) Now Covered by Northland Securities

Northland Securities assumed coverage on shares of Semrush (NASDAQ:SEMRFree Report) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $18.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. Needham & Company LLC restated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Monday, November 11th. The Goldman Sachs Group boosted their price objective on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. KeyCorp increased their target price on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $17.00 to $20.00 in a research note on Monday. Finally, JPMorgan Chase & Co. raised their price objective on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Semrush currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.13.

Get Our Latest Research Report on Semrush

Semrush Stock Up 5.2 %

SEMR opened at $13.32 on Tuesday. The stock’s 50 day moving average price is $13.13 and its two-hundred day moving average price is $13.57. The firm has a market capitalization of $1.95 billion, a P/E ratio of 166.52 and a beta of 1.62. Semrush has a 12-month low of $9.64 and a 12-month high of $16.42.

Insider Buying and Selling at Semrush

In related news, Director Dmitry Melnikov sold 44,592 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $12.76, for a total value of $568,993.92. Following the sale, the director now owns 8,978,501 shares of the company’s stock, valued at $114,565,672.76. The trade was a 0.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Eugenie Levin sold 6,943 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.74, for a total value of $81,510.82. Following the completion of the sale, the president now owns 580,549 shares in the company, valued at $6,815,645.26. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 263,711 shares of company stock valued at $3,332,605. 57.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Semrush

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Semrush by 28.6% during the second quarter. Bank of New York Mellon Corp now owns 104,761 shares of the company’s stock worth $1,403,000 after buying an additional 23,313 shares in the last quarter. Rhumbline Advisers increased its holdings in Semrush by 29.7% during the 2nd 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. Acadian Asset Management LLC raised its position in Semrush by 330.9% in the 2nd quarter. Acadian Asset Management LLC now owns 37,461 shares of the company’s stock valued at $499,000 after purchasing an additional 28,768 shares during the last quarter. Federated Hermes Inc. boosted its stake in Semrush by 385.0% in the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after purchasing an additional 236,010 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Semrush by 69.5% during the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after purchasing an additional 218,488 shares during the last quarter. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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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