Weekly Investment Analysts’ Ratings Changes for Semrush (SEMR)

Several brokerages have updated their recommendations and price targets on shares of Semrush (NASDAQ: SEMR) in the last few weeks:

• 10/7/2024 – Semrush had its price target raised by analysts at The Goldman Sachs Group, Inc. from $14.00 to $16.00. They now have a “neutral” rating on the stock.
• 10/2/2024 – Semrush had its price target raised by analysts at JPMorgan Chase & Co. from $16.00 to $17.00. They now have an “overweight” rating on the stock.
• 10/2/2024 – Semrush had its price target raised by analysts at KeyCorp from $19.00 to $21.00. They now have an “overweight” rating on the stock.
• 10/2/2024 – Semrush had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $18.00 price target on the stock.

Semrush Price Performance

Shares of NASDAQ SEMR traded down $0.07 during trading hours on Wednesday, reaching $13.39. The stock had a trading volume of 113,778 shares, compared to its average volume of 516,138. The business’s fifty day moving average is $13.94 and its two-hundred day moving average is $13.91. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 148.78 and a beta of 1.58. Semrush Holdings, Inc. has a twelve month low of $7.36 and a twelve month high of $16.42.

Semrush (NASDAQ:SEMR) last issued its earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Semrush had a net margin of 4.39% and a return on equity of 6.61%. The firm had revenue of $90.95 million during the quarter, compared to analyst estimates of $89.70 million. Sell-side analysts forecast that Semrush Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Brian Mulroy sold 4,207 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $13.12, for a total transaction of $55,195.84. Following the sale, the chief financial officer now owns 433,211 shares of the company’s stock, valued at $5,683,728.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Vitalii Obishchenko sold 4,971 shares of Semrush stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $14.97, for a total transaction of $74,415.87. Following the completion of the transaction, the chief operating officer now directly owns 843,952 shares in the company, valued at approximately $12,633,961.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian Mulroy sold 4,207 shares of Semrush stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $13.12, for a total value of $55,195.84. Following the transaction, the chief financial officer now owns 433,211 shares of the company’s stock, valued at $5,683,728.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,867 shares of company stock worth $2,442,987. Insiders own 57.83% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. bought a new stake in Semrush in the 2nd quarter valued at $123,000. Summit Global Investments bought a new stake in Semrush in the 2nd quarter valued at $156,000. Versor Investments LP bought a new stake in shares of Semrush during the 2nd quarter valued at $174,000. The Manufacturers Life Insurance Company lifted its position in shares of Semrush by 28.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after acquiring an additional 3,706 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Semrush during the 2nd quarter valued at $258,000. 32.86% of the stock is currently owned by institutional investors.

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.