Semrush (NASDAQ:SEMR) Hits New 1-Year High at $14.62

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) hit a new 52-week high during trading on Tuesday . The stock traded as high as $14.62 and last traded at $14.32, with a volume of 764664 shares traded. The stock had previously closed at $13.18.

Analyst Ratings Changes

A number of brokerages have commented on SEMR. Jefferies Financial Group raised Semrush from a “hold” rating to a “buy” rating and raised their price objective for the company from $9.00 to $15.00 in a research note on Wednesday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Semrush in a research note on Tuesday, March 5th. Piper Sandler decreased their target price on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. KeyCorp began coverage on shares of Semrush in a research report on Thursday, March 21st. They issued an “overweight” rating and a $17.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price objective on Semrush from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.50.

Semrush Trading Up 11.2 %

The firm has a market cap of $2.12 billion, a PE ratio of 1,418.42 and a beta of 1.57. The business has a fifty day moving average of $12.26 and a 200-day moving average of $11.58.

Semrush (NASDAQ:SEMR) last released its quarterly earnings results on Monday, March 4th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $83.39 million during the quarter, compared to analyst estimates of $83.19 million. Semrush had a net margin of 0.31% and a return on equity of 0.46%. On average, equities analysts forecast that Semrush Holdings, Inc. will post 0.12 EPS for the current year.

Insider Activity

In other Semrush news, CEO Oleg Shchegolev sold 19,225 shares of Semrush stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $13.21, for a total transaction of $253,962.25. Following the transaction, the chief executive officer now directly owns 4,397,238 shares of the company’s stock, valued at $58,087,513.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Vitalii Obishchenko sold 15,114 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $13.20, for a total transaction of $199,504.80. Following the completion of the sale, the chief operating officer now owns 908,663 shares of the company’s stock, valued at $11,994,351.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Oleg Shchegolev sold 19,225 shares of Semrush stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $13.21, for a total transaction of $253,962.25. Following the completion of the transaction, the chief executive officer now directly owns 4,397,238 shares in the company, valued at $58,087,513.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,697 shares of company stock worth $1,933,767. 57.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Semrush

A number of large investors have recently made changes to their positions in SEMR. Russia Partners Management LLC purchased a new stake in Semrush in the fourth quarter worth about $122,715,000. Barclays PLC boosted its position in shares of Semrush by 7.5% during the third quarter. Barclays PLC now owns 55,756 shares of the company’s stock valued at $474,000 after purchasing an additional 3,914 shares in the last quarter. Algert Global LLC purchased a new stake in Semrush in the third quarter worth $415,000. Hsbc Holdings PLC lifted its position in Semrush by 61.0% during the third quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock valued at $175,000 after buying an additional 7,947 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Semrush during the 4th quarter valued at $226,000. 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.