Analysts Set Semrush Holdings, Inc. (NASDAQ:SEMR) Price Target at $13.50

Semrush Holdings, Inc. (NASDAQ:SEMR) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $13.50.

A number of research firms have issued reports on SEMR. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Semrush in a research note on Tuesday, March 5th. Piper Sandler reduced their price objective on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. The Goldman Sachs Group lifted their price objective on Semrush from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. Jefferies Financial Group raised Semrush from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $15.00 in a research note on Wednesday, February 7th. Finally, KeyCorp began coverage on Semrush in a research note on Thursday, March 21st. They issued an “overweight” rating and a $17.00 price objective on the stock.

Insiders Place Their Bets

In other Semrush news, CEO Oleg Shchegolev sold 2,903 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $12.77, for a total value of $37,071.31. Following the completion of the sale, the chief executive officer now directly owns 4,097,992 shares in the company, valued at approximately $52,331,357.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Mark Vranesh sold 7,500 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $13.19, for a total transaction of $98,925.00. Following the transaction, the director now directly owns 124,207 shares of the company’s stock, valued at approximately $1,638,290.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Oleg Shchegolev sold 2,903 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $12.77, for a total value of $37,071.31. Following the completion of the transaction, the chief executive officer now owns 4,097,992 shares of the company’s stock, valued at $52,331,357.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 127,942 shares of company stock worth $1,604,490. 60.76% of the stock is currently owned by company insiders.

Institutional Trading of Semrush

Institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. acquired a new stake in Semrush in the second quarter valued at approximately $25,000. Ensign Peak Advisors Inc acquired a new stake in shares of Semrush in the third quarter worth approximately $37,000. FMR LLC boosted its stake in shares of Semrush by 1,232.8% in the first quarter. FMR LLC now owns 3,905 shares of the company’s stock worth $39,000 after acquiring an additional 3,612 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Semrush by 33.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company’s stock worth $75,000 after buying an additional 1,378 shares in the last quarter. Finally, UBS Group AG lifted its position in Semrush by 260.7% during the third quarter. UBS Group AG now owns 6,861 shares of the company’s stock worth $77,000 after buying an additional 4,959 shares in the last quarter. 32.86% of the stock is owned by institutional investors and hedge funds.

Semrush Stock Up 1.0 %

SEMR stock opened at $13.06 on Thursday. Semrush has a twelve month low of $7.21 and a twelve month high of $14.09. The stock has a market cap of $1.89 billion, a P/E ratio of 1,306.00 and a beta of 1.56. The business’s 50-day moving average price is $11.94 and its 200-day moving average price is $10.71.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings results on Monday, March 4th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Semrush had a return on equity of 0.46% and a net margin of 0.31%. The company had revenue of $83.39 million for the quarter, compared to analysts’ expectations of $83.19 million. On average, equities research analysts expect that Semrush will post 0.12 earnings per share for the current fiscal year.

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.