Analysts Set Semrush Holdings, Inc. (NASDAQ:SEMR) Price Target at $13.50

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $13.50.

Several research firms have recently weighed in on SEMR. Piper Sandler reduced their price target on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. The Goldman Sachs Group upped their price target on shares of Semrush from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, January 23rd. Jefferies Financial Group upgraded shares of Semrush from a “hold” rating to a “buy” rating and upped their price target for the company from $9.00 to $15.00 in a report on Wednesday, February 7th. KeyCorp began coverage on shares of Semrush in a report on Thursday, March 21st. They issued an “overweight” rating and a $17.00 price target for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Semrush in a report on Tuesday, March 5th.

Insider Buying and Selling

In related news, President Eugenie Levin sold 40,921 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $12.48, for a total transaction of $510,694.08. Following the completion of the transaction, the president now owns 271,285 shares in the company, valued at $3,385,636.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Semrush news, President Eugenie Levin sold 40,921 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $12.48, for a total value of $510,694.08. Following the completion of the sale, the president now owns 271,285 shares in the company, valued at $3,385,636.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Oleg Shchegolev sold 2,903 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $12.77, for a total transaction of $37,071.31. Following the completion of the sale, the chief executive officer now owns 4,097,992 shares of the company’s stock, valued at approximately $52,331,357.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,942 shares of company stock worth $1,604,490. 60.76% of the stock is owned by insiders.

Institutional Trading of Semrush

A number of large investors have recently added to or reduced their stakes in SEMR. Ameritas Investment Partners Inc. bought a new position in shares of Semrush in the second quarter valued at about $25,000. Ensign Peak Advisors Inc bought a new position in shares of Semrush in the third quarter valued at about $37,000. FMR LLC raised its position in shares of Semrush by 1,232.8% in the first quarter. FMR LLC now owns 3,905 shares of the company’s stock valued at $39,000 after purchasing an additional 3,612 shares during the period. Harbor Capital Advisors Inc. increased its position in Semrush by 33.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company’s stock worth $75,000 after acquiring an additional 1,378 shares during the period. Finally, UBS Group AG increased its position in Semrush by 260.7% during the third quarter. UBS Group AG now owns 6,861 shares of the company’s stock worth $77,000 after acquiring an additional 4,959 shares during the period. Institutional investors and hedge funds own 32.86% of the company’s stock.

Semrush Stock Performance

Shares of NASDAQ:SEMR opened at $13.06 on Thursday. Semrush has a 52 week low of $7.21 and a 52 week high of $14.09. The company has a market capitalization of $1.89 billion, a PE ratio of 1,306.00 and a beta of 1.56. The company has a 50 day moving average price of $11.94 and a two-hundred day moving average price of $10.71.

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