KeyCorp Increases Semrush (NASDAQ:SEMR) Price Target to $21.00

Semrush (NASDAQ:SEMR) had its target price raised by KeyCorp from $19.00 to $21.00 in a report released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Separately, Needham & Company LLC reissued a buy rating and set a $18.00 target price on shares of Semrush in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $15.00.

Semrush Stock Up 1.6 %

Shares of NASDAQ:SEMR opened at $14.43 on Wednesday. The business’s 50 day moving average is $14.03 and its 200 day moving average is $13.85. Semrush has a 12-month low of $7.36 and a 12-month high of $16.42. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 160.33 and a beta of 1.58.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings data 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 analysts’ expectations of $89.70 million. Semrush had a return on equity of 6.61% and a net margin of 4.39%. As a group, equities research analysts expect that Semrush will post 0.08 earnings per share for the current year.

Insider Buying and Selling

In other Semrush news, COO Vitalii Obishchenko sold 55,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $13.43, for a total transaction of $738,650.00. Following the completion of 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Mark Vranesh sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $15.51, for a total value of $116,325.00. Following the sale, the director now owns 113,731 shares of the company’s stock, valued at $1,763,967.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Vitalii Obishchenko sold 55,000 shares of the firm’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 transaction of $738,650.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 151,191 shares of company stock valued at $2,132,420. 57.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On Semrush

Institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its stake in Semrush by 28.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after purchasing an additional 3,706 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Semrush in the second quarter worth about $123,000. Algert Global LLC boosted its position in shares of Semrush by 13.8% in the second quarter. Algert Global LLC now owns 84,931 shares of the company’s stock valued at $1,137,000 after acquiring an additional 10,282 shares during the period. SkyView Investment Advisors LLC grew its stake in Semrush by 5.1% during the second quarter. SkyView Investment Advisors LLC now owns 216,282 shares of the company’s stock valued at $2,896,000 after acquiring an additional 10,455 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Semrush by 29.7% during the 2nd quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock worth $655,000 after acquiring an additional 11,202 shares during the period. Hedge funds and other institutional investors own 32.86% of the company’s stock.

About Semrush

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.