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

Semrush Holdings, Inc. (NASDAQ:SEMR) has received a consensus rating of “Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.71.

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

Insider Buying and Selling at Semrush

In other news, COO Vitalii Obishchenko sold 5,293 shares of Semrush stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $11.73, for a total transaction of $62,086.89. Following the transaction, the chief operating officer now directly owns 838,659 shares of the company’s stock, valued at $9,837,470.07. The trade was a 0.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Oleg Shchegolev sold 6,859 shares of Semrush stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total value of $80,318.89. Following the transaction, the chief executive officer now directly owns 7,301,214 shares in the company, valued at approximately $85,497,215.94. The trade was a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 481,253 shares of company stock worth $6,192,121 in the last three months. 57.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. US Bancorp DE lifted its position in shares of Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after buying an additional 3,446 shares in the last quarter. Quarry LP lifted its holdings in Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after purchasing an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Semrush in the 4th quarter worth approximately $71,000. Comerica Bank lifted its holdings in Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after purchasing an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in Semrush in the 4th quarter worth approximately $86,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

Semrush Price Performance

Semrush stock opened at $10.01 on Thursday. Semrush has a one year low of $9.45 and a one year high of $18.74. The business’s fifty day moving average is $14.72 and its 200 day moving average is $14.00. The stock has a market capitalization of $1.47 billion, a PE ratio of 125.08 and a beta of 1.77.

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.