Semrush (NASDAQ:SEMR) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Semrush (NASDAQ:SEMR) from an equal weight rating to an overweight rating in a research note released on Monday morning, MarketBeat.com reports. They currently have $20.00 target price on the stock, up from their prior target price of $17.00.

SEMR has been the subject of several other research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a research report on Monday, November 11th. KeyCorp raised their price objective on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. upped their target price on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group raised their price target on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.13.

Semrush Stock Up 10.7 %

SEMR stock opened at $14.76 on Monday. The business has a 50 day moving average of $13.13 and a 200 day moving average of $13.57. Semrush has a twelve month low of $9.64 and a twelve month high of $16.42. The firm has a market cap of $2.17 billion, a PE ratio of 184.52 and a beta of 1.62.

Insider Activity at Semrush

In other Semrush news, President Eugenie Levin sold 6,943 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $11.74, for a total transaction of $81,510.82. Following the completion of the sale, the president now directly owns 580,549 shares in the company, valued at $6,815,645.26. The trade was a 1.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Oleg Shchegolev sold 6,859 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total transaction of $80,318.89. Following the completion of the transaction, the chief executive officer now owns 7,301,214 shares in the company, valued at $85,497,215.94. This trade represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 263,711 shares of company stock worth $3,332,605 over the last quarter. Company insiders own 57.83% of the company’s stock.

Institutional Trading of Semrush

Several large investors have recently added to or reduced their stakes in SEMR. FMR LLC boosted its stake in shares of Semrush by 19.4% during the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after acquiring an additional 467,517 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Semrush during the second quarter valued at $3,732,000. Federated Hermes Inc. grew its holdings in Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after purchasing an additional 236,010 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Semrush during the second quarter valued at about $3,006,000. Finally, Dimensional Fund Advisors LP increased its position in Semrush by 69.5% in the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after buying an additional 218,488 shares in the last quarter. 32.86% of the stock is currently 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.