Semrush Holdings, Inc. (NASDAQ:SEMR) Receives Average Rating of “Moderate Buy” from Analysts

Semrush Holdings, Inc. (NASDAQ:SEMR) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $16.50.

SEMR has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Tuesday, October 29th. KeyCorp lifted their price objective on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th.

Semrush Trading Up 3.9 %

Semrush stock opened at $14.35 on Friday. The company has a market cap of $2.10 billion, a P/E ratio of 143.45 and a beta of 1.62. Semrush has a 1-year low of $8.12 and a 1-year high of $16.42. The company has a fifty day simple moving average of $13.79 and a 200 day simple moving average of $13.96.

Semrush (NASDAQ:SEMR) last released its earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $90.95 million during the quarter, compared to the consensus estimate of $89.70 million. Semrush had a net margin of 4.39% and a return on equity of 6.61%. On average, equities research analysts forecast that Semrush will post 0.08 EPS for the current year.

Insider Buying and Selling

In related news, Director Dmitry Melnikov sold 8,666 shares of Semrush stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $14.00, for a total transaction of $121,324.00. Following the completion of the sale, the director now owns 9,372,430 shares of the company’s stock, valued at approximately $131,214,020. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Semrush news, COO Vitalii Obishchenko sold 55,000 shares of Semrush stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $13.43, for a total value of $738,650.00. Following the completion of the sale, the chief operating officer now owns 848,923 shares in the company, valued at $11,401,035.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dmitry Melnikov sold 8,666 shares of Semrush stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $14.00, for a total transaction of $121,324.00. Following the completion of the sale, the director now owns 9,372,430 shares of the company’s stock, valued at $131,214,020. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,789 shares of company stock valued at $2,441,412. Company insiders own 57.83% of the company’s stock.

Institutional Trading of Semrush

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Semrush by 69.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after purchasing an additional 218,488 shares in the last quarter. Federated Hermes Inc. raised its stake in Semrush by 385.0% in the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after purchasing an additional 236,010 shares in the last quarter. Millennium Management LLC raised its position in shares of Semrush by 126.5% in the 2nd quarter. Millennium Management LLC now owns 294,374 shares of the company’s stock valued at $3,942,000 after buying an additional 164,395 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Semrush in the 2nd quarter valued at approximately $3,732,000. Finally, Squarepoint Ops LLC raised its position in shares of Semrush by 33.0% in the 2nd quarter. Squarepoint Ops LLC now owns 247,488 shares of the company’s stock valued at $3,314,000 after buying an additional 61,456 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.