Semrush (NASDAQ:SEMR) Reaches New 12-Month High – Time to Buy?

Semrush Holdings, Inc. (NASDAQ:SEMR) reached a new 52-week high on Thursday . The company traded as high as $18.01 and last traded at $18.19, with a volume of 123648 shares changing hands. The stock had previously closed at $17.42.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Northland Securities began coverage on Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a report on Wednesday, January 15th. Finally, Northland Capmk raised Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.88.

Semrush Price Performance

The firm has a market capitalization of $2.63 billion, a P/E ratio of 223.65 and a beta of 1.69. The stock’s 50-day simple moving average is $13.98 and its two-hundred day simple moving average is $13.89.

Semrush (NASDAQ:SEMR) last released its quarterly earnings data 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 return on equity of 4.93% and a net margin of 3.29%. The business 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 EPS. On average, analysts forecast that Semrush Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Semrush

In related news, Director Dmitry Melnikov sold 42,226 shares of Semrush stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $13.50, for a total value of $570,051.00. Following the completion of the transaction, the director now owns 9,099,091 shares in the company, valued at approximately $122,837,728.50. This trade represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel David W. Mason sold 1,875 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.15, for a total value of $32,156.25. Following the sale, the general counsel now owns 158,415 shares in the company, valued at approximately $2,716,817.25. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 351,090 shares of company stock valued at $4,736,123. 57.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Semrush

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC grew its holdings in Semrush by 19.4% during the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after purchasing an additional 467,517 shares during the last quarter. Wellington Management Group LLP grew its position in Semrush by 12.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock valued at $24,030,000 after acquiring an additional 168,400 shares during the last quarter. State Street Corp lifted its holdings in Semrush by 1.4% during the 3rd quarter. State Street Corp now owns 954,409 shares of the company’s stock valued at $14,994,000 after buying an additional 13,374 shares in the last quarter. Geode Capital Management LLC grew its stake in Semrush by 4.8% in the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after purchasing an additional 36,173 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Semrush during the 4th quarter valued at $6,869,000. 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.