Semrush (NASDAQ:SEMR) Hits New 1-Year High – Here’s What Happened

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) reached a new 52-week high during trading on Tuesday . The stock traded as high as $17.40 and last traded at $17.36, with a volume of 135028 shares. The stock had previously closed at $16.37.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. The Goldman Sachs Group raised their price objective on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Finally, Northland Securities began coverage on Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price for the company. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Semrush presently has an average rating of “Moderate Buy” and an average target price of $17.13.

Semrush Price Performance

The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 221.98 and a beta of 1.62. The business has a fifty day moving average price of $13.51 and a 200 day moving average price of $13.71.

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

Insider Activity at Semrush

In other news, CEO Oleg Shchegolev sold 6,859 shares of Semrush stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total transaction of $80,318.89. Following the sale, the chief executive officer now directly owns 7,301,214 shares in the company, valued at approximately $85,497,215.94. The trade was a 0.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dmitry Melnikov sold 42,226 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $13.50, for a total transaction of $570,051.00. Following the completion of the transaction, the director now directly owns 9,099,091 shares of the company’s stock, valued at $122,837,728.50. This trade represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 335,711 shares of company stock worth $4,466,605 over the last three months. Company insiders own 57.83% of the company’s stock.

Institutional Investors Weigh In On Semrush

Large investors have recently modified their holdings of the stock. FMR LLC boosted its stake in Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after buying an additional 467,517 shares in the last quarter. Wellington Management Group LLP boosted its position in Semrush by 12.4% in the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock valued at $24,030,000 after buying an additional 168,400 shares in the last quarter. State Street Corp increased its holdings in shares of Semrush by 1.4% during the third quarter. State Street Corp now owns 954,409 shares of the company’s stock worth $14,994,000 after buying an additional 13,374 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Semrush by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after acquiring an additional 36,173 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Semrush by 69.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after acquiring an additional 218,488 shares during 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.