Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $14.00 Consensus PT from Analysts

Semrush Holdings, Inc. (NASDAQ:SEMR) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $14.00.

Several research firms have weighed in on SEMR. KeyCorp began coverage on shares of Semrush in a report on Thursday, March 21st. They issued an “overweight” rating and a $17.00 price target on the stock. Piper Sandler lowered their price target on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Thursday, May 16th.

Semrush Stock Performance

Shares of NASDAQ:SEMR opened at $13.83 on Friday. Semrush has a 52-week low of $7.36 and a 52-week high of $16.42. The company has a market capitalization of $2.01 billion, a P/E ratio of 153.67 and a beta of 1.59. The company has a 50-day simple moving average of $14.33 and a 200 day simple moving average of $13.03.

Semrush (NASDAQ:SEMR) last released its quarterly earnings results on Monday, May 6th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $85.81 million for the quarter, compared to analysts’ expectations of $85.10 million. Semrush had a net margin of 4.01% and a return on equity of 6.05%. As a group, equities analysts forecast that Semrush will post 0.12 earnings per share for the current year.

Insider Transactions at Semrush

In other news, CFO Brian Mulroy sold 89,079 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $12.89, for a total transaction of $1,148,228.31. Following the transaction, the chief financial officer now directly owns 441,625 shares of the company’s stock, valued at $5,692,546.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Eugenie Levin sold 276,136 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $15.19, for a total transaction of $4,194,505.84. Following the completion of the transaction, the president now owns 449,437 shares of the company’s stock, valued at approximately $6,826,948.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian Mulroy sold 89,079 shares of Semrush stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $12.89, for a total value of $1,148,228.31. Following the completion of the transaction, the chief financial officer now owns 441,625 shares in the company, valued at approximately $5,692,546.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 394,264 shares of company stock valued at $5,756,008. 57.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SEMR. Hsbc Holdings PLC raised its stake in Semrush by 61.0% during the third quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock worth $175,000 after acquiring an additional 7,947 shares in the last quarter. Algert Global LLC acquired a new position in Semrush during the third quarter worth about $415,000. Harbor Capital Advisors Inc. raised its stake 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 acquiring an additional 1,378 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Semrush during the fourth quarter worth about $226,000. Finally, Mutual of America Capital Management LLC acquired a new position in Semrush during the fourth quarter worth about $1,167,000. 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.