Semrush (NASDAQ:SEMR) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Semrush (NASDAQ:SEMR) in a research note released on Tuesday, Benzinga reports. The firm currently has a $18.00 price objective on the stock.

Separately, KeyCorp assumed coverage on Semrush in a research report on Thursday, March 21st. They set an overweight rating and a $17.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $14.00.

Semrush Trading Down 0.2 %

SEMR opened at $13.84 on Tuesday. Semrush has a 1-year low of $7.36 and a 1-year high of $16.42. The stock’s fifty day simple moving average is $14.43 and its 200 day simple moving average is $13.06. The stock has a market cap of $2.01 billion, a PE ratio of 153.78 and a beta of 1.59.

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

Insiders Place Their Bets

In other Semrush news, President Eugenie Levin sold 276,136 shares of the 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 transaction, the president now owns 449,437 shares in the company, valued at approximately $6,826,948.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Oleg Shchegolev sold 9,451 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $13.59, for a total value of $128,439.09. Following the transaction, the chief executive officer now owns 4,387,787 shares in the company, valued at $59,630,025.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Eugenie Levin sold 276,136 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $15.19, for a total value of $4,194,505.84. Following the completion of the transaction, the president now owns 449,437 shares in the company, valued at approximately $6,826,948.03. The disclosure for this sale can be found here. Insiders have sold 333,390 shares of company stock worth $4,992,290 in the last 90 days. Company insiders own 57.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its position in shares of Semrush by 20.9% in the fourth quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock worth $123,000 after purchasing an additional 1,563 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in Semrush in the fourth quarter valued at about $226,000. Quadrature Capital Ltd acquired a new stake in Semrush in the fourth quarter valued at about $289,000. Trexquant Investment LP acquired a new stake in Semrush in the fourth quarter valued at about $351,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Semrush during the first quarter valued at approximately $543,000. Institutional investors own 32.86% of the company’s stock.

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.