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

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.50.

A number of equities analysts have issued reports on SEMR shares. Piper Sandler cut their target price on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Jefferies Financial Group raised Semrush from a “hold” rating to a “buy” rating and boosted their target price for the stock from $9.00 to $15.00 in a report on Wednesday, February 7th. KeyCorp began coverage on Semrush in a research note on Thursday, March 21st. They set an “overweight” rating and a $17.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of Semrush in a research note on Tuesday, March 5th. Finally, The Goldman Sachs Group upped their price objective on Semrush from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, January 23rd.

Insider Buying and Selling

In other news, President Eugenie Levin sold 12,930 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $13.19, for a total value of $170,546.70. Following the completion of the sale, the president now directly owns 449,437 shares of the company’s stock, valued at $5,928,074.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Eugenie Levin sold 12,930 shares of Semrush stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $13.19, for a total transaction of $170,546.70. Following the sale, the president now directly owns 449,437 shares of the company’s stock, valued at $5,928,074.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Andrew Warden sold 9,355 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $13.15, for a total value of $123,018.25. Following the transaction, the chief marketing officer now owns 265,471 shares in the company, valued at $3,490,943.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,024 shares of company stock valued at $1,935,361. Insiders own 60.76% of the company’s stock.

Institutional Investors Weigh In On Semrush

A number of institutional investors have recently bought and sold shares of the business. Wealthsource Partners LLC raised its stake in shares of Semrush by 1.6% in the third quarter. Wealthsource Partners LLC now owns 76,772 shares of the company’s stock valued at $653,000 after acquiring an additional 1,182 shares during the last quarter. Credit Suisse AG lifted its position in Semrush by 4.6% during the 3rd quarter. Credit Suisse AG now owns 27,050 shares of the company’s stock valued at $303,000 after purchasing an additional 1,199 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Semrush by 33.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company’s stock valued at $75,000 after acquiring an additional 1,378 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Semrush by 20.9% during the fourth quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock valued at $123,000 after purchasing an additional 1,563 shares during the period. Finally, UBS Group AG increased its holdings in shares of Semrush by 25.0% in the first quarter. UBS Group AG now owns 8,209 shares of the company’s stock worth $83,000 after acquiring an additional 1,644 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

Semrush Trading Down 1.5 %

Shares of SEMR opened at $11.50 on Monday. The stock’s fifty day simple moving average is $12.26 and its 200 day simple moving average is $11.21. Semrush has a twelve month low of $7.21 and a twelve month high of $14.09. The firm has a market capitalization of $1.66 billion, a P/E ratio of 1,151.15 and a beta of 1.56.

Semrush (NASDAQ:SEMR) last issued its earnings results on Monday, March 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Semrush had a return on equity of 0.46% and a net margin of 0.31%. The business had revenue of $83.39 million during the quarter, compared to analysts’ expectations of $83.19 million. Sell-side analysts predict that Semrush will post 0.12 earnings per share for the current 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.