Brokerages Set Semrush Holdings, Inc. (NASDAQ:SEMR) Price Target at $12.00

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been given an average rating of “Hold” by the seven brokerages that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $12.00.

SEMR has been the subject of several recent research reports. Jefferies Financial Group restated a “hold” rating and issued a $12.00 price target (up from $10.00) on shares of Semrush in a research report on Thursday, November 20th. KeyCorp reaffirmed a “sector weight” rating on shares of Semrush in a research report on Wednesday, November 19th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Semrush in a research report on Wednesday, November 19th.

Semrush Stock Up 0.0%

Shares of SEMR opened at $11.90 on Thursday. The company has a 50 day moving average of $10.74 and a 200-day moving average of $8.96. Semrush has a twelve month low of $6.56 and a twelve month high of $18.74. The stock has a market capitalization of $1.77 billion, a P/E ratio of 148.71 and a beta of 1.55.

Insider Activity at Semrush

In other news, CMO Andrew Warden sold 26,765 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $11.86, for a total transaction of $317,432.90. Following the completion of the sale, the chief marketing officer directly owned 382,953 shares in the company, valued at $4,541,822.58. This represents a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian Mulroy sold 100,078 shares of Semrush stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $11.86, for a total transaction of $1,186,925.08. Following the transaction, the chief financial officer directly owned 1,019,517 shares of the company’s stock, valued at $12,091,471.62. This represents a 8.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 324,357 shares of company stock worth $3,843,008 over the last quarter. 55.61% of the stock is currently owned by company insiders.

Institutional Trading of Semrush

A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new position in shares of Semrush in the 3rd quarter valued at about $41,000. Amundi lifted its stake in Semrush by 29.3% in the first quarter. Amundi now owns 4,890 shares of the company’s stock valued at $44,000 after buying an additional 1,108 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Semrush by 96.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,500 shares of the company’s stock worth $50,000 after buying an additional 2,700 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Semrush by 56.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,284 shares of the company’s stock worth $57,000 after buying an additional 2,259 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Semrush during the 2nd quarter worth approximately $93,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

About Semrush

Semrush is a global software-as-a-service (SaaS) company that provides a comprehensive digital marketing platform for search engine optimization (SEO), pay-per-click (PPC) advertising, content marketing and competitive research. The platform offers tools for keyword research, site auditing, backlink analysis and rank tracking, enabling marketing professionals to develop and refine their online visibility strategies. Semrush is publicly traded under the ticker SEMR and is headquartered in Boston with additional offices and development centers across North America, Europe and Asia.

The Semrush platform is organized into specialized toolkits covering SEO, content marketing, competitive intelligence, social media management and advertising research.