Semrush Holdings, Inc. (NASDAQ:SEMR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Semrush Holdings, Inc. (NASDAQ:SEMR) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.50.

Several analysts recently weighed in on the company. The Goldman Sachs Group lowered their target price on shares of Semrush from $12.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Morgan Stanley set a $9.00 price objective on shares of Semrush and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Needham & Company LLC cut their target price on shares of Semrush from $18.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, August 5th. Finally, KeyCorp restated a “sector weight” rating on shares of Semrush in a research note on Wednesday.

Semrush Stock Up 74.5%

Shares of Semrush stock traded up $5.04 during trading hours on Wednesday, hitting $11.80. 29,983,113 shares of the company’s stock traded hands, compared to its average volume of 1,089,494. The company has a market cap of $1.75 billion, a PE ratio of 147.46 and a beta of 1.60. Semrush has a twelve month low of $6.56 and a twelve month high of $18.74. The stock has a 50 day simple moving average of $7.35 and a 200-day simple moving average of $8.44.

Insider Buying and Selling

In related news, CMO Andrew Warden sold 7,000 shares of Semrush stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $7.77, for a total transaction of $54,390.00. Following the sale, the chief marketing officer directly owned 366,917 shares in the company, valued at $2,850,945.09. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 55.61% of the company’s stock.

Institutional Investors Weigh In On Semrush

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi raised its holdings in Semrush by 29.3% during the 1st quarter. Amundi now owns 4,890 shares of the company’s stock worth $44,000 after buying an additional 1,108 shares during the period. Martingale Asset Management L P boosted its holdings in shares of Semrush by 2.4% in the first quarter. Martingale Asset Management L P now owns 54,352 shares of the company’s stock worth $507,000 after buying an additional 1,268 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Semrush by 6.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,082 shares of the company’s stock worth $206,000 after acquiring an additional 1,310 shares in the last quarter. Petrus Trust Company LTA increased its position in shares of Semrush by 4.6% in the first quarter. Petrus Trust Company LTA now owns 31,043 shares of the company’s stock worth $290,000 after acquiring an additional 1,368 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Semrush by 15.6% during the first quarter. Arizona State Retirement System now owns 12,411 shares of the company’s stock valued at $116,000 after acquiring an additional 1,671 shares during the period. Institutional investors own 32.86% of the company’s stock.

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.