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

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $13.50.

SEMR has been the subject of a number of research reports. Jefferies Financial Group upgraded shares of Semrush from a “hold” rating to a “buy” rating and increased their target price for the stock from $9.00 to $15.00 in a research report on Wednesday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of Semrush in a research note on Tuesday, March 5th. KeyCorp assumed coverage on shares of Semrush in a report on Thursday, March 21st. They issued an “overweight” rating and a $17.00 target price on the stock. Piper Sandler lowered their price objective on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. Finally, The Goldman Sachs Group lifted their price target on Semrush from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd.

Insider Buying and Selling at Semrush

In other Semrush news, COO Vitalii Obishchenko sold 15,114 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $13.20, for a total transaction of $199,504.80. Following the completion of the sale, the chief operating officer now directly owns 908,663 shares in the company, valued at approximately $11,994,351.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, COO Vitalii Obishchenko sold 15,114 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $13.20, for a total transaction of $199,504.80. Following the completion of the transaction, the chief operating officer now directly owns 908,663 shares in the company, valued at approximately $11,994,351.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Oleg Shchegolev sold 19,225 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $13.21, for a total value of $253,962.25. Following the transaction, the chief executive officer now owns 4,397,238 shares of the company’s stock, valued at $58,087,513.98. The disclosure for this sale can be found here. Insiders sold a total of 149,024 shares of company stock worth $1,935,361 in the last three months. 60.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new position in shares of Semrush during the 2nd quarter valued at approximately $25,000. Ensign Peak Advisors Inc bought a new position in Semrush in the 3rd quarter worth approximately $37,000. FMR LLC boosted its stake in Semrush by 1,232.8% in the 1st quarter. FMR LLC now owns 3,905 shares of the company’s stock worth $39,000 after purchasing an additional 3,612 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Semrush by 33.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company’s stock worth $75,000 after purchasing an additional 1,378 shares during the period. Finally, UBS Group AG boosted its stake in Semrush by 260.7% in the 3rd quarter. UBS Group AG now owns 6,861 shares of the company’s stock worth $77,000 after purchasing an additional 4,959 shares during the period. 32.86% of the stock is currently owned by institutional investors.

Semrush Stock Down 0.7 %

Semrush stock opened at $11.84 on Monday. Semrush has a 12-month low of $7.21 and a 12-month high of $14.09. The firm’s fifty day moving average is $12.29 and its 200 day moving average is $11.19. The company has a market capitalization of $1.71 billion, a PE ratio of 1,184.00 and a beta of 1.56.

Semrush (NASDAQ:SEMR) last released its quarterly earnings data on Monday, March 4th. The company reported $0.05 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $83.19 million. Sell-side analysts expect that Semrush will post 0.12 EPS for the current fiscal year.

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.