Analysts Set Semrush Holdings, Inc. (NASDAQ:SEMR) Target Price at $15.00

Semrush Holdings, Inc. (NASDAQ:SEMR) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $15.57.

A number of equities research analysts have recently issued reports on SEMR shares. KeyCorp upped their price objective on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. increased 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. Needham & Company LLC reissued a “buy” rating and set a $18.00 price target on shares of Semrush in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group increased their price target on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday.

Semrush Price Performance

Shares of NASDAQ:SEMR opened at $13.21 on Monday. The company’s fifty day moving average price is $13.95 and its 200-day moving average price is $13.90. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 146.78 and a beta of 1.58. Semrush has a one year low of $7.36 and a one year high of $16.42.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Semrush had a net margin of 4.39% and a return on equity of 6.61%. The business had revenue of $90.95 million during the quarter, compared to analysts’ expectations of $89.70 million. As a group, equities research analysts expect that Semrush will post 0.08 EPS for the current year.

Insider Transactions at Semrush

In other news, CMO Andrew Warden sold 3,953 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $14.73, for a total value of $58,227.69. Following the completion of the sale, the chief marketing officer now directly owns 257,364 shares of the company’s stock, valued at approximately $3,790,971.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Dmitry Melnikov sold 8,666 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $14.00, for a total value of $121,324.00. Following the completion of the transaction, the director now directly owns 9,372,430 shares in the company, valued at $131,214,020. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Andrew Warden sold 3,953 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $14.73, for a total transaction of $58,227.69. Following the completion of the transaction, the chief marketing officer now owns 257,364 shares of the company’s stock, valued at approximately $3,790,971.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 168,660 shares of company stock valued at $2,387,791. Company insiders own 57.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SEMR. Point72 Asset Management L.P. bought a new position in shares of Semrush in the 2nd quarter worth about $123,000. Summit Global Investments bought a new position in shares of Semrush in the 2nd quarter worth about $156,000. Versor Investments LP bought a new position in shares of Semrush in the 2nd quarter worth about $174,000. The Manufacturers Life Insurance Company increased its stake in shares of Semrush by 28.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after acquiring an additional 3,706 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Semrush in the 2nd quarter worth about $258,000. 32.86% of the stock is currently owned by institutional investors.

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.