Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $18.14 Average Target Price from Analysts

Semrush Holdings, Inc. (NASDAQ:SEMR) has been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $18.14.

A number of brokerages have commented on SEMR. Northland Capmk raised Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Jefferies Financial Group lifted their price objective on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. The Goldman Sachs Group cut their price objective on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, March 28th. Finally, Northland Securities initiated coverage on shares of Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price on the stock.

Insiders Place Their Bets

In other Semrush news, General Counsel David W. Mason sold 1,875 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the sale, the general counsel now directly owns 158,415 shares in the company, valued at $2,716,817.25. This represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Eugenie Levin sold 4,075 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $9.44, for a total value of $38,468.00. Following the completion of the sale, the president now directly owns 797,393 shares in the company, valued at approximately $7,527,389.92. This represents a 0.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 270,174 shares of company stock worth $3,437,342 over the last ninety days. Corporate insiders own 57.83% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Comerica Bank boosted its stake in shares of Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after purchasing an additional 801 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in Semrush by 3.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company’s stock valued at $299,000 after buying an additional 830 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Semrush by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company’s stock valued at $247,000 after buying an additional 912 shares in the last quarter. Magnetar Financial LLC grew its stake in shares of Semrush by 6.3% during the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company’s stock worth $186,000 after buying an additional 933 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Semrush by 11.7% during the fourth quarter. MetLife Investment Management LLC now owns 23,028 shares of the company’s stock worth $274,000 after buying an additional 2,421 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

Semrush Trading Down 4.5 %

Semrush stock opened at $8.50 on Monday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 106.26 and a beta of 1.80. Semrush has a 12 month low of $8.24 and a 12 month high of $18.74. The stock’s 50 day moving average is $13.31 and its 200-day moving average is $13.53.

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.