Needham & Company LLC Reiterates Buy Rating for Semrush (NASDAQ:SEMR)

Needham & Company LLC reissued their buy rating on shares of Semrush (NASDAQ:SEMR) in a report released on Tuesday morning, Benzinga reports. The firm currently has a $18.00 price target on the stock.

SEMR has been the topic of a number of other reports. The Goldman Sachs Group increased their price target on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. KeyCorp increased their target price on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Semrush currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.57.

Semrush Price Performance

Shares of NASDAQ:SEMR opened at $13.11 on Tuesday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 131.10 and a beta of 1.58. The business’s fifty day moving average price is $13.82 and its two-hundred day moving average price is $13.90. Semrush has a fifty-two week low of $7.36 and a fifty-two week high of $16.42.

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

Insider Transactions at Semrush

In related news, Director Dmitry Melnikov sold 8,666 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $14.00, for a total transaction of $121,324.00. Following the completion of the sale, the director now directly owns 9,372,430 shares of the company’s stock, valued at approximately $131,214,020. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Dmitry Melnikov sold 8,666 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $14.00, for a total transaction of $121,324.00. Following the completion of the transaction, the director now directly owns 9,372,430 shares of the company’s stock, valued at $131,214,020. 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 this hyperlink. Also, COO Vitalii Obishchenko sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $13.43, for a total value of $738,650.00. Following the transaction, the chief operating officer now directly owns 848,923 shares of the company’s stock, valued at approximately $11,401,035.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 171,200 shares of company stock valued at $2,420,533 over the last three months. 57.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Semrush

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. bought a new stake in Semrush during the first quarter worth about $543,000. Cubist Systematic Strategies LLC bought a new stake in shares of Semrush during the 2nd quarter worth approximately $3,006,000. Renaissance Technologies LLC acquired a new stake in shares of Semrush in the 2nd quarter valued at approximately $3,732,000. SG Americas Securities LLC bought a new position in shares of Semrush in the second quarter valued at $654,000. Finally, Sei Investments Co. acquired a new position in Semrush during the second quarter worth $730,000. 32.86% of the stock is owned by institutional investors.

Semrush Company Profile

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.