Semrush (NASDAQ:SEMR) Stock Rating Reaffirmed by Needham & Company LLC

Semrush (NASDAQ:SEMR)‘s stock had its “buy” rating reaffirmed by Needham & Company LLC in a research report issued on Wednesday, Benzinga reports. They currently have a $18.00 price objective on the stock. Needham & Company LLC’s price objective suggests a potential upside of 32.06% from the company’s current price.

Separately, KeyCorp boosted their price objective on shares of Semrush from $17.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.33.

Semrush Stock Up 0.4 %

Shares of NASDAQ SEMR traded up $0.06 during trading hours on Wednesday, reaching $13.63. 87,301 shares of the stock traded hands, compared to its average volume of 565,972. Semrush has a 52-week low of $7.36 and a 52-week high of $16.42. The company has a market capitalization of $1.98 billion, a P/E ratio of 150.78 and a beta of 1.59. The company’s 50-day simple moving average is $13.96 and its two-hundred day simple moving average is $13.23.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Semrush had a return on equity of 6.05% and a net margin of 4.01%. The firm had revenue of $85.81 million during the quarter, compared to the consensus estimate of $85.10 million. As a group, sell-side analysts forecast that Semrush will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Semrush

In other news, Director Anna Baird sold 10,000 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $15.41, for a total value of $154,100.00. Following the transaction, the director now directly owns 34,534 shares in the company, valued at $532,168.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Anna Baird sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $15.41, for a total value of $154,100.00. Following the completion of the sale, the director now owns 34,534 shares in the company, valued at $532,168.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Vranesh sold 7,500 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $13.35, for a total transaction of $100,125.00. Following the completion of the sale, the director now directly owns 121,231 shares of the company’s stock, valued at $1,618,433.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,372 shares of company stock worth $800,691. Insiders own 57.83% of the company’s stock.

Institutional Investors Weigh In On Semrush

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its holdings in shares of Semrush by 20.9% in the fourth quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock valued at $123,000 after purchasing an additional 1,563 shares during the period. Summit Global Investments purchased a new position in shares of Semrush during the second quarter worth $156,000. Versor Investments LP purchased a new stake in Semrush in the second quarter valued at $174,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Semrush during the 4th quarter valued at about $226,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Semrush in the second quarter worth about $258,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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.