Semrush’s (SEMR) Buy Rating Reaffirmed at Needham & Company LLC

by · The Cerbat Gem

Needham & Company LLC restated their buy rating on shares of Semrush (NASDAQ:SEMR – Free Report) in a research note issued to investors on Wednesday morning, Benzinga reports. Needham & Company LLC currently has a $18.00 target price on the stock.

Separately, KeyCorp boosted their target price on shares of Semrush from $19.00 to $21.00 and gave the company an overweight rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Semrush has an average rating of Moderate Buy and an average price target of $15.00.

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Semrush Price Performance

Semrush stock opened at $14.43 on Wednesday. The firm has a market capitalization of $2.11 billion, a P/E ratio of 160.33 and a beta of 1.58. Semrush has a 1-year low of $7.36 and a 1-year high of $16.42. The company’s 50-day moving average is $14.03 and its 200 day moving average is $13.85.

Semrush (NASDAQ:SEMR – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Semrush had a return on equity of 6.61% and a net margin of 4.39%. The business had revenue of $90.95 million during the quarter, compared to analysts’ expectations of $89.70 million. Research analysts anticipate that Semrush will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Semrush

In other news, CFO Brian Mulroy sold 4,207 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $13.67, for a total transaction of $57,509.69. Following the transaction, the chief financial officer now owns 437,418 shares of the company’s stock, valued at approximately $5,979,504.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Semrush news, CFO Brian Mulroy sold 4,207 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $13.67, for a total transaction of $57,509.69. Following the completion of the sale, the chief financial officer now owns 437,418 shares in the company, valued at $5,979,504.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dmitry Melnikov sold 10,011 shares of Semrush stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $14.02, for a total value of $140,354.22. Following the completion of the transaction, the director now owns 9,362,419 shares in the company, valued at $131,261,114.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,191 shares of company stock valued at $2,132,420 in the last ninety days. Corporate insiders own 57.83% of the company’s stock.

Institutional Investors Weigh In On Semrush

Institutional investors have recently bought and sold shares of the company. G2 Investment Partners Management LLC acquired a new position in shares of Semrush during the fourth quarter worth $10,597,000. Jacobs Levy Equity Management Inc. acquired a new position in Semrush during the 1st quarter valued at about $543,000. Renaissance Technologies LLC acquired a new position in Semrush during the 2nd quarter valued at about $3,732,000. Cubist Systematic Strategies LLC purchased a new stake in Semrush in the second quarter valued at about $3,006,000. Finally, SG Americas Securities LLC acquired a new stake in Semrush in the second quarter worth about $654,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

About Semrush

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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.

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