SEMrush (NYSE:SEMR) Downgraded by KeyCorp to Hold

KeyCorp cut shares of SEMrush (NYSE:SEMR) from a strong-buy rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

Several other research firms also recently commented on SEMR. Wall Street Zen upgraded SEMrush from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research raised SEMrush from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of SEMrush in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SEMrush presently has a consensus rating of “Reduce”.

SEMrush Stock Up 0.2%

Shares of SEMR stock traded up $0.02 during trading hours on Wednesday, hitting $11.78. 786,157 shares of the company’s stock were exchanged, compared to its average volume of 1,157,865. The stock has a market capitalization of $1.75 billion, a P/E ratio of -589.00 and a beta of 1.60. SEMrush has a 12-month low of $6.56 and a 12-month high of $18.74. The stock has a 50 day simple moving average of $7.44.

SEMrush (NYSE:SEMR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $112.08 million during the quarter, compared to analysts’ expectations of $111.53 million. SEMrush had a negative net margin of 1.05% and a negative return on equity of 1.60%.

SEMrush Company Profile

Semrush Holdings, Inc develops an online visibility management software-as-a-service platform worldwide. 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.