Northland Securities Begins Coverage on Semrush (NASDAQ:SEMR)

Equities researchers at Northland Securities assumed coverage on shares of Semrush (NASDAQ:SEMR) in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage set an “outperform” rating and a $18.00 price target on the stock. Northland Securities’ price target would suggest a potential upside of 43.08% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $18.00 price target on shares of Semrush in a research report on Monday, November 11th. KeyCorp raised their target price on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $17.00 to $20.00 in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group upped their target price on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Semrush currently has an average rating of “Moderate Buy” and an average price target of $17.13.

Semrush Stock Performance

Shares of SEMR stock opened at $12.58 on Tuesday. Semrush has a fifty-two week low of $9.64 and a fifty-two week high of $16.42. The company has a market capitalization of $1.85 billion, a P/E ratio of 157.27 and a beta of 1.62. The stock has a 50 day moving average price of $13.13 and a two-hundred day moving average price of $13.57.

Insider Buying and Selling

In other news, CMO Andrew Warden sold 8,462 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total value of $99,090.02. Following the sale, the chief marketing officer now directly owns 276,656 shares of the company’s stock, valued at approximately $3,239,641.76. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dmitry Melnikov sold 42,226 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $13.50, for a total value of $570,051.00. Following the transaction, the director now owns 9,099,091 shares of the company’s stock, valued at $122,837,728.50. The trade was a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 263,711 shares of company stock worth $3,332,605 in the last three months. 57.83% of the stock is owned by corporate insiders.

Institutional Trading of Semrush

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Semrush by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock worth $6,080,000 after buying an additional 3,244 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Semrush during the third quarter valued at approximately $454,000. Virtu Financial LLC purchased a new position in Semrush in the 3rd quarter worth approximately $158,000. Barclays PLC lifted its position in Semrush by 115.2% in the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after acquiring an additional 54,830 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Semrush by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock valued at $12,387,000 after purchasing an additional 36,173 shares during the last quarter. 32.86% of the stock is owned by hedge funds and other 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.