Semrush (NASDAQ:SEMR) Sets New 52-Week High at $16.00

Semrush Holdings, Inc. (NASDAQ:SEMR)’s share price reached a new 52-week high on Monday . The stock traded as high as $16.00 and last traded at $15.95, with a volume of 82100 shares changing hands. The stock had previously closed at $15.74.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. KeyCorp assumed coverage on Semrush in a report on Thursday, March 21st. They issued an “overweight” rating and a $17.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Semrush in a report on Thursday, May 16th. Piper Sandler dropped their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. The Goldman Sachs Group boosted their price target on Semrush from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, January 23rd. Finally, Jefferies Financial Group upgraded Semrush from a “hold” rating to a “buy” rating and boosted their price target for the company from $9.00 to $15.00 in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Semrush Stock Performance

The company has a 50-day simple moving average of $13.08 and a 200-day simple moving average of $12.15. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 179.11 and a beta of 1.57.

Semrush (NASDAQ:SEMR) last released its earnings results on Monday, March 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. Semrush had a return on equity of 6.05% and a net margin of 4.01%. The company had revenue of $83.39 million for the quarter, compared to analysts’ expectations of $83.19 million. As a group, equities research analysts forecast that Semrush Holdings, Inc. will post 0.12 EPS for the current year.

Insiders Place Their Bets

In other Semrush news, President Eugenie Levin sold 276,136 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $15.19, for a total transaction of $4,194,505.84. Following the transaction, the president now owns 449,437 shares in the company, valued at approximately $6,826,948.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, President Eugenie Levin sold 276,136 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $15.19, for a total transaction of $4,194,505.84. Following the sale, the president now owns 449,437 shares of the company’s stock, valued at approximately $6,826,948.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Andrew Warden sold 9,355 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $13.15, for a total value of $123,018.25. Following the sale, the chief marketing officer now directly owns 265,471 shares in the company, valued at approximately $3,490,943.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 424,833 shares of company stock worth $6,128,273. Company insiders own 57.83% of the company’s stock.

Institutional Investors Weigh In On Semrush

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Russia Partners Management LLC purchased a new position in shares of Semrush during the 4th quarter worth $122,715,000. Barclays PLC lifted its stake in shares of Semrush by 7.5% during the 3rd quarter. Barclays PLC now owns 55,756 shares of the company’s stock worth $474,000 after purchasing an additional 3,914 shares during the period. Algert Global LLC purchased a new position in shares of Semrush during the 3rd quarter worth $415,000. Hsbc Holdings PLC increased its holdings in shares of Semrush by 61.0% during the 3rd quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock worth $175,000 after buying an additional 7,947 shares during the last quarter. Finally, Jump Financial LLC increased its holdings in shares of Semrush by 161.3% during the 4th quarter. Jump Financial LLC now owns 74,230 shares of the company’s stock worth $1,014,000 after buying an additional 45,820 shares during the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

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.