Semrush Holdings, Inc. (NASDAQ:SEMR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Semrush Holdings, Inc. (NASDAQ:SEMR) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $14.00.

Separately, Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Tuesday, July 16th.

Insider Buying and Selling at Semrush

In other Semrush news, Director Dmitry Melnikov sold 1,896 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $13.63, for a total value of $25,842.48. Following the completion of the sale, the director now owns 2,982,291 shares in the company, valued at $40,648,626.33. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Semrush news, President Eugenie Levin sold 276,136 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $15.19, for a total value of $4,194,505.84. Following the completion of the sale, the president now owns 449,437 shares in the company, valued at $6,826,948.03. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dmitry Melnikov sold 1,896 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $13.63, for a total value of $25,842.48. Following the completion of the sale, the director now owns 2,982,291 shares of the company’s stock, valued at approximately $40,648,626.33. The disclosure for this sale can be found here. Over the last quarter, insiders sold 333,390 shares of company stock worth $4,992,290. 57.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Semrush

Several large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in shares of Semrush by 20.9% during the fourth quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock worth $123,000 after purchasing an additional 1,563 shares during the last quarter. Swiss National Bank raised its stake in shares of Semrush by 8.1% during the fourth quarter. Swiss National Bank now owns 70,400 shares of the company’s stock worth $962,000 after purchasing an additional 5,300 shares during the last quarter. Summit Global Investments purchased a new stake in shares of Semrush during the second quarter worth approximately $156,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Semrush during the fourth quarter worth approximately $226,000. Finally, SkyView Investment Advisors LLC raised its stake in shares of Semrush by 8.9% during the first quarter. SkyView Investment Advisors LLC now owns 205,827 shares of the company’s stock worth $2,729,000 after purchasing an additional 16,738 shares during the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Semrush Stock Performance

Shares of Semrush stock opened at $14.79 on Wednesday. Semrush has a one year low of $7.36 and a one year high of $16.42. The company has a market cap of $2.15 billion, a PE ratio of 164.33 and a beta of 1.59. The business has a 50-day simple moving average of $14.27 and a 200-day simple moving average of $13.17.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Semrush had a return on equity of 6.05% and a net margin of 4.01%. The business had revenue of $85.81 million during the quarter, compared to the consensus estimate of $85.10 million. On average, sell-side analysts predict that Semrush will post 0.12 earnings per share for the current fiscal year.

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.