Semrush Holdings, Inc. (NASDAQ:SEMR) Receives Average Recommendation of “Buy” from Brokerages

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been assigned an average recommendation of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $18.71.

Several analysts have issued reports on the company. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. Jefferies Financial Group upped their target price on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Northland Securities assumed coverage on Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, Northland Capmk upgraded Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th.

Insider Activity at Semrush

In other Semrush news, CMO Andrew Warden sold 17,118 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.20, for a total value of $191,721.60. Following the completion of the transaction, the chief marketing officer now owns 404,992 shares in the company, valued at approximately $4,535,910.40. This represents a 4.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David W. Mason sold 9,127 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.14, for a total value of $101,674.78. Following the completion of the transaction, the insider now owns 272,924 shares of the company’s stock, valued at approximately $3,040,373.36. This trade represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 481,253 shares of company stock worth $6,192,121 over the last quarter. 57.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Semrush

Institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC raised its holdings in Semrush by 278.9% in the third quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock worth $2,113,000 after purchasing an additional 99,021 shares in the last quarter. Barclays PLC grew its stake in shares of Semrush by 115.2% in the third quarter. Barclays PLC now owns 102,407 shares of the company’s stock worth $1,609,000 after acquiring an additional 54,830 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Semrush in the fourth quarter worth $6,869,000. Y Intercept Hong Kong Ltd grew its stake in shares of Semrush by 166.7% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company’s stock worth $1,226,000 after acquiring an additional 64,514 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Semrush by 329.4% in the fourth quarter. SG Americas Securities LLC now owns 56,089 shares of the company’s stock worth $666,000 after acquiring an additional 43,027 shares during the last quarter. Institutional investors own 32.86% of the company’s stock.

Semrush Trading Up 4.2 %

Shares of NASDAQ SEMR opened at $10.01 on Thursday. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 125.08 and a beta of 1.77. The business has a 50-day moving average of $14.72 and a 200-day moving average of $14.00. Semrush has a 12 month low of $9.45 and a 12 month high of $18.74.

Semrush Company Profile

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.