Brokerages Set Semrush Holdings, Inc. (NASDAQ:SEMR) Target Price at $14.00

Shares of Semrush Holdings, Inc. (NASDAQ:SEMRGet Free Report) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $14.00.

A number of equities research analysts recently issued reports on the stock. KeyCorp initiated coverage on shares of Semrush in a research report on Thursday, March 21st. They set an “overweight” rating and a $17.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of Semrush in a research report on Thursday, May 16th. Finally, Piper Sandler cut their price objective on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th.

Read Our Latest Stock Analysis on SEMR

Semrush Stock Performance

Shares of Semrush stock opened at $15.85 on Tuesday. The firm has a market cap of $2.30 billion, a P/E ratio of 176.11 and a beta of 1.64. The firm’s 50-day simple moving average is $13.95 and its 200-day simple moving average is $12.66. Semrush has a twelve month low of $7.25 and a twelve month high of $16.42.

Semrush (NASDAQ:SEMRGet Free Report) last issued its earnings results on Monday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $85.81 million during the quarter, compared to analysts’ expectations of $85.10 million. Semrush had a return on equity of 6.05% and a net margin of 4.01%. On average, equities analysts forecast that Semrush will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Eugenie Levin sold 12,930 shares of Semrush stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $13.19, for a total value of $170,546.70. Following the completion of the sale, the president now directly owns 449,437 shares of the company’s stock, valued at approximately $5,928,074.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, President Eugenie Levin sold 12,930 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $13.19, for a total value of $170,546.70. Following the transaction, the president now owns 449,437 shares in the company, valued at $5,928,074.03. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Oleg Shchegolev sold 19,225 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $13.21, for a total value of $253,962.25. Following the sale, the chief executive officer now directly owns 4,397,238 shares of the company’s stock, valued at $58,087,513.98. The disclosure for this sale can be found here. Insiders sold 434,833 shares of company stock worth $6,282,373 in the last quarter. Insiders own 57.83% of the company’s stock.

Hedge Funds Weigh In On Semrush

Hedge funds and other institutional investors have recently bought and sold shares of the business. SkyView Investment Advisors LLC boosted its position in shares of Semrush by 8.9% in the 1st quarter. SkyView Investment Advisors LLC now owns 205,827 shares of the company’s stock worth $2,729,000 after purchasing an additional 16,738 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Semrush in the first quarter valued at about $543,000. Silvercrest Asset Management Group LLC bought a new position in Semrush during the first quarter worth about $2,705,000. Quadrature Capital Ltd acquired a new position in shares of Semrush during the 4th quarter worth about $289,000. Finally, G2 Investment Partners Management LLC bought a new stake in shares of Semrush in the 4th quarter valued at about $10,597,000. 32.86% of the stock is owned by institutional investors.

Semrush Company Profile

(Get Free Report

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.

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Analyst Recommendations for Semrush (NASDAQ:SEMR)

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