SEMrush (NASDAQ:SEMR) Shares Gap Down to $17.93

Shares of SEMrush Holdings, Inc. (NASDAQ:SEMR) gapped down before the market opened on Monday . The stock had previously closed at $17.93, but opened at $17.35. SEMrush shares last traded at $17.07, with a volume of 294 shares traded.

Several research analysts have weighed in on SEMR shares. JPMorgan Chase & Co. started coverage on SEMrush in a research report on Monday. They set an “overweight” rating and a $20.00 price objective on the stock. KeyCorp initiated coverage on SEMrush in a research report on Monday. They issued an “overweight” rating and a $22.00 price target on the stock. Piper Sandler initiated coverage on SEMrush in a research report on Monday. They issued an “overweight” rating and a $22.00 price target on the stock. Jefferies Financial Group initiated coverage on SEMrush in a research report on Monday. They issued a “hold” rating and a $18.00 price target on the stock. Finally, Stifel Nicolaus initiated coverage on SEMrush in a research report on Monday. They issued a “hold” rating and a $18.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.75.

In other SEMrush news, Director Roman Simonov bought 13,000 shares of the firm’s stock in a transaction on Monday, March 29th. The shares were purchased at an average price of $14.00 per share, for a total transaction of $182,000.00. Following the completion of the transaction, the director now directly owns 13,000 shares in the company, valued at approximately $182,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

About SEMrush (NASDAQ:SEMR)

SEMrush Holdings, Inc develops online visibility management software as a service (SaaS) platform. It helps businesses to run search engine optimization, pay-per-click, content, social media, and competitive research campaigns. The company offers insights and solutions to build, manage, and measure campaigns across various marketing channels.

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