SEMrush (NASDAQ:SEMR) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of SEMrush (NASDAQ:SEMR) from a buy rating to a hold rating in a research report sent to investors on Wednesday, Zacks.com reports.

According to Zacks, “Semrush Holdings Inc. provides an online visibility management SaaS platform. It offers insights and solutions for companies to build, manage, and measure campaigns across various marketing channels. Semrush Holdings Inc. is headquartered in Boston. “

A number of other equities analysts also recently commented on the stock. KeyCorp raised their target price on shares of SEMrush from $27.00 to $31.00 and gave the company an overweight rating in a research note on Wednesday, September 8th. Stifel Nicolaus lifted their price target on shares of SEMrush from $20.00 to $25.00 and gave the stock a hold rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $23.36.

Shares of SEMR opened at $23.43 on Wednesday. The company’s fifty day moving average is $24.44 and its two-hundred day moving average is $20.27. SEMrush has a fifty-two week low of $10.62 and a fifty-two week high of $32.48.

In other news, CRO Delbert M. Humenik sold 27,831 shares of SEMrush stock in a transaction dated Monday, October 11th. The shares were sold at an average price of $24.00, for a total value of $667,944.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Delbert M. Humenik sold 1,636 shares of the business’s stock in a transaction dated Friday, August 20th. The shares were sold at an average price of $21.55, for a total transaction of $35,255.80. The disclosure for this sale can be found here. Insiders sold a total of 379,871 shares of company stock valued at $8,938,079 in the last three months.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pentwater Capital Management LP bought a new stake in shares of SEMrush in the 1st quarter worth approximately $655,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of SEMrush during the first quarter valued at approximately $4,764,000. Point72 Asset Management L.P. acquired a new stake in shares of SEMrush during the first quarter valued at approximately $596,000. Pinz Capital Management LP acquired a new stake in shares of SEMrush during the first quarter valued at approximately $601,000. Finally, Tudor Investment Corp Et Al acquired a new stake in shares of SEMrush during the first quarter valued at approximately $786,000. Institutional investors and hedge funds own 7.53% of the company’s stock.

About SEMrush

SEMrush Holdings, Inc develops online visibility management software as a service (SaaS) platform. It helps businesses to run search engine optimization, pay-per-click, content, social media, and competitive research campaigns. The company offers insights and solutions to build, manage, and measure campaigns across various marketing channels.

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