Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $14.33 Average Price Target from Brokerages

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, 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 1-year price objective among analysts that have issued ratings on the stock in the last year is $14.33.

A number of analysts have recently weighed in on the stock. KeyCorp upped their price target on shares of Semrush from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of Semrush in a research report on Wednesday, August 7th.

Insider Activity at Semrush

In other news, COO Vitalii Obishchenko sold 55,000 shares of Semrush stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $13.43, for a total value of $738,650.00. Following the completion of the transaction, the chief operating officer now owns 848,923 shares in the company, valued at $11,401,035.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Vitalii Obishchenko sold 55,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $13.43, for a total transaction of $738,650.00. Following the completion of the sale, the chief operating officer now directly owns 848,923 shares in the company, valued at approximately $11,401,035.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dmitry Melnikov sold 10,011 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $14.02, for a total transaction of $140,354.22. Following the transaction, the director now directly owns 9,362,419 shares in the company, valued at $131,261,114.38. The disclosure for this sale can be found here. Insiders have sold 111,049 shares of company stock valued at $1,507,419 over the last ninety days. Corporate insiders own 57.83% of the company’s stock.

Hedge Funds Weigh In On Semrush

Several hedge funds and other institutional investors have recently bought and sold shares of SEMR. Russell Investments Group Ltd. increased its position in Semrush by 20.9% in 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 lifted its stake in Semrush by 8.1% in the fourth quarter. Swiss National Bank now owns 70,400 shares of the company’s stock worth $962,000 after acquiring an additional 5,300 shares during the period. Jump Financial LLC raised its holdings in Semrush by 161.3% in the fourth 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. Trexquant Investment LP acquired a new position in shares of Semrush during the fourth quarter valued at about $351,000. Finally, Cat Rock Capital Management LP increased its holdings in Semrush by 4.4% in the 4th quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock worth $117,426,000 after buying an additional 358,386 shares during the period. Institutional investors own 32.86% of the company’s stock.

Semrush Price Performance

Shares of NASDAQ:SEMR opened at $13.68 on Thursday. The stock has a market capitalization of $2.00 billion, a PE ratio of 152.00 and a beta of 1.57. The company’s 50-day moving average price is $13.76 and its two-hundred day moving average price is $13.53. Semrush has a one year low of $7.36 and a one year high of $16.42.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $90.95 million during the quarter, compared to analyst estimates of $89.70 million. Semrush had a net margin of 4.39% and a return on equity of 6.61%. On average, analysts anticipate that Semrush will post 0.08 earnings per share for the current fiscal year.

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.