SEMrush Holdings, Inc. (NASDAQ:SEMR) Receives Average Rating of “Buy” from Brokerages

SEMrush Holdings, Inc. (NASDAQ:SEMR) has earned an average recommendation of “Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.93.

SEMR has been the subject of a number of recent research reports. Zacks Investment Research upgraded SEMrush from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Thursday. KeyCorp boosted their price target on SEMrush from $27.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, September 8th.

Shares of NASDAQ:SEMR remained flat at $$27.94 during mid-day trading on Thursday. The company had a trading volume of 280,224 shares, compared to its average volume of 368,918. The company’s 50 day moving average price is $23.42. SEMrush has a 52 week low of $10.62 and a 52 week high of $32.48.

In other news, CRO Delbert M. Humenik sold 5,836 shares of the company’s stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of $28.78, for a total transaction of $167,960.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO Delbert M. Humenik sold 16,701 shares of the company’s stock in a transaction that occurred on Thursday, September 2nd. The stock was sold at an average price of $28.07, for a total value of $468,797.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 126,708 shares of company stock worth $2,911,043.

A number of large investors have recently added to or reduced their stakes in SEMR. Alliancebernstein L.P. purchased a new stake in SEMrush during the 1st quarter valued at $238,000. Teacher Retirement System of Texas purchased a new stake in SEMrush during the 1st quarter valued at $2,084,000. TimesSquare Capital Management LLC purchased a new stake in SEMrush during the 1st quarter valued at $4,163,000. JPMorgan Chase & Co. purchased a new stake in SEMrush during the 1st quarter valued at $193,000. Finally, Federated Hermes Inc. bought a new position in SEMrush in the 1st quarter valued at $952,000. Institutional investors 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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Analyst Recommendations for SEMrush (NASDAQ:SEMR)

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