Analysts Set Semrush Holdings, Inc. (NASDAQ:SEMR) Target Price at $14.00

Semrush Holdings, Inc. (NASDAQ:SEMR) has been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $14.00.

SEMR has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of Semrush in a research report on Thursday, May 16th. KeyCorp initiated coverage on Semrush in a research report on Thursday, March 21st. They set an “overweight” rating and a $17.00 target price for the company. Finally, Piper Sandler decreased their target price on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th.

Insider Activity

In other news, CFO Brian Mulroy sold 89,079 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $12.89, for a total transaction of $1,148,228.31. Following the completion of the transaction, the chief financial officer now owns 441,625 shares in the company, valued at approximately $5,692,546.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Anna Baird sold 10,000 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $15.41, for a total transaction of $154,100.00. Following the completion of the transaction, the director now owns 34,534 shares in the company, valued at approximately $532,168.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian Mulroy sold 89,079 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $12.89, for a total value of $1,148,228.31. Following the completion of the transaction, the chief financial officer now owns 441,625 shares of the company’s stock, valued at approximately $5,692,546.25. The disclosure for this sale can be found here. Insiders sold a total of 386,764 shares of company stock valued at $5,655,883 in the last ninety days. 57.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Russia Partners Management LLC bought a new position in Semrush in the 4th quarter worth about $122,715,000. G2 Investment Partners Management LLC bought a new position in Semrush in the 4th quarter worth about $10,597,000. Algert Global LLC bought a new position in Semrush in the 3rd quarter worth about $415,000. Swiss National Bank boosted its stake in Semrush by 8.1% in the 4th quarter. Swiss National Bank now owns 70,400 shares of the company’s stock worth $962,000 after purchasing an additional 5,300 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in Semrush by 61.0% in the 3rd quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock worth $175,000 after purchasing an additional 7,947 shares during the period. Institutional investors own 32.86% of the company’s stock.

Semrush Trading Up 1.6 %

NASDAQ SEMR opened at $13.61 on Friday. The firm has a market capitalization of $1.98 billion, a P/E ratio of 151.22 and a beta of 1.64. The business has a fifty day simple moving average of $14.27 and a 200 day simple moving average of $13.02. Semrush has a 12 month low of $7.36 and a 12 month high of $16.42.

Semrush (NASDAQ:SEMR) last released its quarterly earnings results on Monday, May 6th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $85.81 million during the quarter, compared to analyst estimates of $85.10 million. Semrush had a return on equity of 6.05% and a net margin of 4.01%. As a group, sell-side analysts predict that Semrush will post 0.12 EPS for the current fiscal 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.