Semrush Holdings, Inc. (NASDAQ:SEMR) Receives Average 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 stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $14.00.

Separately, Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of Semrush in a research report on Tuesday, July 16th.

Insider Transactions at Semrush

In other news, CEO Oleg Shchegolev sold 9,451 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $13.59, for a total transaction of $128,439.09. Following the completion of the transaction, the chief executive officer now directly owns 4,387,787 shares of the company’s stock, valued at $59,630,025.33. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Brian Mulroy sold 4,207 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $13.67, for a total transaction of $57,509.69. Following the completion of the sale, the chief financial officer now owns 437,418 shares in the company, valued at $5,979,504.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Oleg Shchegolev sold 9,451 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $13.59, for a total value of $128,439.09. Following the sale, the chief executive officer now owns 4,387,787 shares of the company’s stock, valued at approximately $59,630,025.33. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 333,390 shares of company stock valued at $4,992,290. 57.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Semrush

Several institutional investors have recently added to or reduced their stakes in the business. Russia Partners Management LLC purchased a new stake in Semrush during the fourth quarter worth approximately $122,715,000. Cat Rock Capital Management LP lifted its stake in Semrush by 4.4% in the fourth quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock valued at $117,426,000 after buying an additional 358,386 shares during the last quarter. G2 Investment Partners Management LLC purchased a new stake in Semrush in the fourth quarter valued at approximately $10,597,000. SkyView Investment Advisors LLC lifted its stake in Semrush by 8.9% in the first quarter. SkyView Investment Advisors LLC now owns 205,827 shares of the company’s stock valued at $2,729,000 after buying an additional 16,738 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC purchased a new stake in Semrush in the first quarter valued at approximately $2,705,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Semrush Price Performance

NASDAQ SEMR opened at $15.06 on Wednesday. The company has a market cap of $2.19 billion, a P/E ratio of 167.33 and a beta of 1.59. The stock has a 50-day moving average of $14.32 and a two-hundred day moving average of $13.13. Semrush has a 1-year low of $7.36 and a 1-year high of $16.42.

Semrush (NASDAQ:SEMR) last released its earnings results on Monday, May 6th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $85.81 million during the quarter, compared to the consensus estimate of $85.10 million. Semrush had a return on equity of 6.05% and a net margin of 4.01%. On average, analysts anticipate that Semrush will post 0.12 EPS 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.