SEMrush Holdings, Inc. (NYSE:SEMR) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of SEMrush Holdings, Inc. (NYSE:SEMR) have received a consensus recommendation of “Reduce” from the six analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company.

A number of brokerages recently issued reports on SEMR. KeyCorp cut SEMrush from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Northland Capmk downgraded shares of SEMrush from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Jefferies Financial Group lowered shares of SEMrush from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 20th. Wall Street Zen upgraded shares of SEMrush from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Zacks Research raised shares of SEMrush from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th.

SEMrush Stock Performance

Shares of SEMR opened at $11.86 on Tuesday. SEMrush has a one year low of $6.56 and a one year high of $18.74. The firm has a market cap of $1.77 billion, a P/E ratio of -593.00 and a beta of 1.55. The company has a 50-day moving average price of $9.31.

SEMrush (NYSE:SEMR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). SEMrush had a negative return on equity of 1.60% and a negative net margin of 1.05%.The business had revenue of $112.08 million for the quarter, compared to analyst estimates of $111.53 million.

SEMrush Company Profile

Semrush Holdings, Inc develops an online visibility management software-as-a-service platform worldwide. 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.