Semrush (NASDAQ:SEMR – Get Rating) had its price target decreased by Needham & Company LLC from $20.00 to $13.00 in a research report sent to investors on Tuesday, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.
A number of other equities analysts have also issued reports on the stock. Piper Sandler reduced their target price on shares of Semrush from $14.00 to $12.00 and set an overweight rating on the stock in a research report on Tuesday. Morgan Stanley reduced their price objective on Semrush from $13.00 to $10.00 and set an equal weight rating on the stock in a report on Monday, December 19th.
Semrush Stock Down 4.6 %
Shares of NASDAQ SEMR opened at $9.08 on Tuesday. Semrush has a 12-month low of $7.16 and a 12-month high of $15.00. The firm’s 50-day simple moving average is $8.72 and its 200 day simple moving average is $9.81. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -37.83 and a beta of 0.93.
Institutional Investors Weigh In On Semrush
Semrush Company Profile
Semrush Holdings, Inc develops an online visibility management software-as-a-service platform worldwide. 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.
- Get a free copy of the StockNews.com research report on Semrush (SEMR)
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