Analysts Set Semrush Holdings, Inc. (NASDAQ:SEMR) Price Target at $17.13

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $17.13.

SEMR has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group raised their target price on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Northland Securities began coverage on shares of Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Finally, Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $17.00 to $20.00 in a research note on Monday, January 13th.

Insider Activity at Semrush

In other Semrush news, CFO Brian Mulroy sold 3,015 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $12.40, for a total value of $37,386.00. Following the completion of the sale, the chief financial officer now owns 430,196 shares in the company, valued at approximately $5,334,430.40. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dmitry Melnikov sold 42,226 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $13.50, for a total transaction of $570,051.00. Following the transaction, the director now owns 9,099,091 shares in the company, valued at approximately $122,837,728.50. This trade represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 263,711 shares of company stock valued at $3,332,605 in the last ninety days. Insiders own 57.83% of the company’s stock.

Institutional Trading of Semrush

A number of large investors have recently bought and sold shares of SEMR. Point72 Asset Management L.P. acquired a new position in Semrush in the second quarter valued at $123,000. DRW Securities LLC purchased a new position in shares of Semrush during the third quarter worth about $157,000. Virtu Financial LLC acquired a new position in Semrush in the 3rd quarter valued at about $158,000. Olympiad Research LP purchased a new stake in Semrush during the 3rd quarter valued at approximately $159,000. Finally, Dakota Wealth Management acquired a new stake in Semrush during the 4th quarter worth approximately $199,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

Semrush Trading Up 3.5 %

Shares of NASDAQ SEMR opened at $15.67 on Wednesday. The stock has a market cap of $2.30 billion, a P/E ratio of 195.95 and a beta of 1.62. The business’s fifty day simple moving average is $13.22 and its 200-day simple moving average is $13.60. Semrush has a 12-month low of $9.64 and a 12-month high of $16.42.

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.