Semrush Holdings, Inc. (NASDAQ:SEMR) Receives Consensus Rating of “Hold” from Analysts

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.00.

Several research firms have recently commented on SEMR. Jefferies Financial Group restated a “hold” rating and issued a $12.00 target price (up previously from $10.00) on shares of Semrush in a research note on Thursday, November 20th. Needham & Company LLC restated a “hold” rating on shares of Semrush in a research report on Wednesday, November 19th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Semrush in a research report on Wednesday, November 19th.

Semrush Price Performance

NASDAQ:SEMR opened at $11.89 on Friday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 148.58 and a beta of 1.55. The firm’s fifty day moving average price is $8.95 and its 200 day moving average price is $8.64. Semrush has a 1-year low of $6.56 and a 1-year high of $18.74.

Insider Transactions at Semrush

In other Semrush news, CMO Andrew Warden sold 196,115 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $11.84, for a total value of $2,322,001.60. Following the completion of the sale, the chief marketing officer owned 241,084 shares of the company’s stock, valued at approximately $2,854,434.56. This trade represents a 44.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 55.61% of the company’s stock.

Hedge Funds Weigh In On Semrush

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Semrush by 7.2% during the third quarter. Vanguard Group Inc. now owns 6,004,568 shares of the company’s stock worth $42,512,000 after buying an additional 405,625 shares during the period. Wellington Management Group LLP boosted its stake in shares of Semrush by 18.7% during the 1st quarter. Wellington Management Group LLP now owns 1,819,030 shares of the company’s stock worth $16,972,000 after acquiring an additional 286,674 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Semrush by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,406,617 shares of the company’s stock worth $9,960,000 after acquiring an additional 50,470 shares during the period. Millennium Management LLC increased its stake in Semrush by 4.9% in the 1st quarter. Millennium Management LLC now owns 1,306,684 shares of the company’s stock valued at $12,191,000 after purchasing an additional 60,575 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Semrush during the first quarter worth $10,762,000. Hedge funds and other 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.