Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $17.13 Average Price Target from Analysts

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $17.13.

SEMR has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Northland Securities started coverage on shares of Semrush in a research note on Tuesday. They issued an “outperform” rating and a $18.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research report on Tuesday. Finally, KeyCorp increased their target price on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd.

Semrush Stock Up 3.5 %

Shares of SEMR stock opened at $15.67 on Wednesday. Semrush has a 52-week low of $9.64 and a 52-week high of $16.42. The stock has a market cap of $2.30 billion, a PE ratio of 195.95 and a beta of 1.62. The business has a 50-day simple moving average of $13.17 and a 200-day simple moving average of $13.59.

Insider Transactions at Semrush

In related news, CFO Brian Mulroy sold 3,015 shares of Semrush stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $12.40, for a total value of $37,386.00. Following the sale, the chief financial officer now directly owns 430,196 shares in the company, valued at approximately $5,334,430.40. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Vitalii Obishchenko sold 5,293 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.73, for a total value of $62,086.89. Following the sale, the chief operating officer now owns 838,659 shares of the company’s stock, valued at approximately $9,837,470.07. This trade represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 263,711 shares of company stock valued at $3,332,605 over the last 90 days. Corporate insiders own 57.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in shares of Semrush in the second quarter valued at about $123,000. DRW Securities LLC purchased a new stake in Semrush during the 3rd quarter valued at about $157,000. Virtu Financial LLC acquired a new stake in Semrush in the 3rd quarter valued at about $158,000. Olympiad Research LP purchased a new position in Semrush in the 3rd quarter worth approximately $159,000. Finally, Quest Partners LLC lifted its stake in Semrush by 398.0% in the 3rd quarter. Quest Partners LLC now owns 14,829 shares of the company’s stock worth $233,000 after purchasing an additional 11,851 shares in the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

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.