Semrush (NASDAQ:SEMR) Reaches New 12-Month High – Here’s Why

Semrush Holdings, Inc. (NASDAQ:SEMR)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.42 and last traded at $16.37, with a volume of 403143 shares trading hands. The stock had previously closed at $15.66.

Analyst Upgrades and Downgrades

A number of analysts have commented on SEMR shares. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. KeyCorp lifted their target price on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Northland Securities assumed coverage on shares of Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target for the company. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $17.00 to $20.00 in a research report on Monday, January 13th. Finally, The Goldman Sachs Group upped their price objective on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.13.

Semrush Stock Performance

The stock has a market cap of $2.38 billion, a P/E ratio of 202.44 and a beta of 1.62. The firm’s 50-day moving average is $13.39 and its two-hundred day moving average is $13.67.

Semrush (NASDAQ:SEMR) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). Semrush had a net margin of 3.29% and a return on equity of 4.93%. The business had revenue of $97.41 million during the quarter, compared to analyst estimates of $96.49 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. As a group, research analysts forecast that Semrush Holdings, Inc. will post 0.08 EPS for the current year.

Insider Activity

In other news, CMO Andrew Warden sold 8,462 shares of Semrush stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total transaction of $99,090.02. Following the completion of the sale, the chief marketing officer now owns 276,656 shares in the company, valued at approximately $3,239,641.76. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian Mulroy sold 3,015 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $12.40, for a total transaction of $37,386.00. Following the completion of the sale, the chief financial officer now directly owns 430,196 shares of the company’s stock, valued at $5,334,430.40. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 335,711 shares of company stock valued at $4,466,605. Company insiders own 57.83% of the company’s stock.

Hedge Funds Weigh In On Semrush

A number of institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new stake in Semrush in the 2nd quarter worth $123,000. DRW Securities LLC bought a new position in Semrush in the 3rd quarter valued at $157,000. Virtu Financial LLC bought a new stake in shares of Semrush during the third quarter valued at approximately $158,000. Olympiad Research LP bought a new position in Semrush during the 3rd quarter worth about $159,000. Finally, Quest Partners LLC lifted its stake in shares of Semrush by 398.0% during the 3rd quarter. Quest Partners LLC now owns 14,829 shares of the company’s stock worth $233,000 after purchasing an additional 11,851 shares during the last quarter. 32.86% of the stock is currently 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.