The Goldman Sachs Group Cuts Semrush (NASDAQ:SEMR) Price Target to $12.00

Semrush (NASDAQ:SEMR) had its price target decreased by The Goldman Sachs Group from $14.00 to $12.00 in a report published on Friday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. Northland Securities assumed coverage on shares of Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price on the stock. Northland Capmk raised Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $17.00 to $20.00 in a research report on Monday, January 13th. Finally, Jefferies Financial Group increased their price objective on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $18.14.

Semrush Stock Performance

SEMR stock opened at $9.59 on Friday. Semrush has a fifty-two week low of $9.21 and a fifty-two week high of $18.74. The stock has a fifty day moving average of $14.01 and a 200-day moving average of $13.69. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 119.83 and a beta of 1.77.

Insider Buying and Selling

In other news, President Eugenie Levin sold 11,662 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.15, for a total transaction of $130,031.30. Following the sale, the president now owns 686,268 shares in the company, valued at approximately $7,651,888.20. This trade represents a 1.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel David W. Mason sold 1,875 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the transaction, the general counsel now owns 158,415 shares of the company’s stock, valued at $2,716,817.25. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 251,138 shares of company stock worth $3,257,549 over the last ninety days. 57.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Semrush

Hedge funds have recently added to or reduced their stakes in the company. Comerica Bank increased its position in shares of Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after purchasing an additional 801 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Semrush by 3.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company’s stock valued at $299,000 after acquiring an additional 830 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Semrush by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company’s stock worth $247,000 after acquiring an additional 912 shares in the last quarter. Magnetar Financial LLC lifted its holdings in shares of Semrush by 6.3% in the 4th quarter. Magnetar Financial LLC now owns 15,653 shares of the company’s stock worth $186,000 after acquiring an additional 933 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Semrush by 11.7% in the 4th quarter. MetLife Investment Management LLC now owns 23,028 shares of the company’s stock valued at $274,000 after purchasing an additional 2,421 shares in the last quarter. 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.