Semrush Holdings, Inc. (NASDAQ:SEMR – Get Rating) has earned an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $16.67.
A number of brokerages have recently issued reports on SEMR. Morgan Stanley lifted their price objective on shares of Semrush from $13.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Friday, August 12th. Piper Sandler boosted their target price on shares of Semrush from $14.00 to $16.00 and gave the stock an "overweight" rating in a research report on Thursday, August 11th.
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Semrush Stock Performance
NASDAQ SEMR opened at $12.36 on Thursday. The company's 50-day simple moving average is $12.57 and its two-hundred day simple moving average is $11.68. Semrush has a one year low of $7.41 and a one year high of $32.48. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -112.36 and a beta of 0.82.
Insider Buying and Selling at Semrush
In other Semrush news, CFO Evgeny Fetisov sold 2,000 shares of Semrush stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $14.22, for a total transaction of $28,440.00. Following the completion of the sale, the chief financial officer now directly owns 142,421 shares in the company, valued at approximately $2,025,226.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Semrush news, CFO Evgeny Fetisov sold 2,000 shares of Semrush stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $14.22, for a total transaction of $28,440.00. Following the completion of the sale, the chief financial officer now directly owns 142,421 shares in the company, valued at approximately $2,025,226.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Oleg Shchegolev sold 28,912 shares of Semrush stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $12.10, for a total transaction of $349,835.20. Following the sale, the chief executive officer now owns 2,267,488 shares of the company's stock, valued at $27,436,604.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 443,679 shares of company stock worth $5,886,451. Company insiders own 61.90% of the company's stock.
Hedge Funds Weigh In On Semrush
Several large investors have recently made changes to their positions in the company. Legal & General Group Plc acquired a new position in shares of Semrush in the 2nd quarter valued at $250,000. Goldman Sachs Group Inc. acquired a new position in Semrush during the second quarter worth $345,000. State Street Corp raised its position in Semrush by 68.4% during the second quarter. State Street Corp now owns 122,332 shares of the company's stock worth $1,582,000 after acquiring an additional 49,671 shares during the period. UBS Asset Management Americas Inc. acquired a new position in Semrush during the second quarter worth $144,000. Finally, Northern Trust Corp raised its position in Semrush by 46.2% during the second quarter. Northern Trust Corp now owns 64,520 shares of the company's stock worth $834,000 after acquiring an additional 20,382 shares during the period. 24.23% of the stock is currently owned by institutional investors and hedge funds.
Semrush Company Profile
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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.
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