KeyCorp Raises Semrush (NASDAQ:SEMR) Price Target to $21.00

Semrush (NASDAQ:SEMR) had its price objective upped by KeyCorp from $19.00 to $21.00 in a report released on Wednesday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Separately, Needham & Company LLC reiterated a buy rating and issued a $18.00 target price on shares of Semrush in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Semrush presently has a consensus rating of Moderate Buy and an average price target of $15.00.

Semrush Trading Up 1.6 %

SEMR stock opened at $14.43 on Wednesday. The firm has a 50-day moving average price of $14.04 and a 200-day moving average price of $13.83. Semrush has a 12 month low of $7.36 and a 12 month high of $16.42. The stock has a market capitalization of $2.10 billion, a P/E ratio of 160.33 and a beta of 1.58.

Semrush (NASDAQ:SEMR) last issued its earnings results on Monday, August 5th. The company reported $0.01 earnings per share 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%. As a group, equities analysts predict that Semrush will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Vitalii Obishchenko sold 55,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $13.43, for a total value of $738,650.00. Following the completion of the sale, the chief operating officer now owns 848,923 shares of the company’s stock, valued at approximately $11,401,035.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Brian Mulroy sold 4,207 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $13.67, for a total value of $57,509.69. Following the transaction, the chief financial officer now owns 437,418 shares in the company, valued at approximately $5,979,504.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Vitalii Obishchenko sold 55,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $13.43, for a total transaction of $738,650.00. Following the sale, the chief operating officer now owns 848,923 shares of the company’s stock, valued at approximately $11,401,035.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,191 shares of company stock valued at $2,132,420. 57.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Semrush

Several hedge funds and other institutional investors have recently bought and sold shares of SEMR. G2 Investment Partners Management LLC bought a new position in shares of Semrush in the 4th quarter worth about $10,597,000. Jacobs Levy Equity Management Inc. bought a new stake in Semrush in the first quarter worth approximately $543,000. Renaissance Technologies LLC acquired a new position in Semrush in the second quarter valued at approximately $3,732,000. SG Americas Securities LLC bought a new position in shares of Semrush during the 2nd quarter worth approximately $654,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Semrush during the 2nd quarter worth approximately $3,006,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.