Semrush (NASDAQ:SEMR) Hits New 1-Year High – Still a Buy?

Semrush Holdings, Inc. (NASDAQ:SEMR)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $17.40 and last traded at $17.36, with a volume of 135028 shares changing hands. The stock had previously closed at $16.37.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. KeyCorp upped their target price on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Northland Securities assumed coverage on Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Northland Capmk upgraded Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. upped their target price on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.13.

Semrush Stock Down 0.9 %

The business’s 50 day moving average is $13.64 and its two-hundred day moving average is $13.76. The firm has a market capitalization of $2.55 billion, a P/E ratio of 216.91 and a beta of 1.62.

Semrush (NASDAQ:SEMR) last released its 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 return on equity of 4.93% and a net margin of 3.29%. The firm had revenue of $97.41 million during the quarter, compared to analyst estimates of $96.49 million. During the same quarter last year, the company earned $0.03 earnings per share. As a group, equities analysts anticipate that Semrush Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Brian Mulroy sold 3,015 shares of Semrush stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $12.40, for a total value of $37,386.00. Following the transaction, the chief financial officer now owns 430,196 shares of the company’s stock, valued at approximately $5,334,430.40. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Eugenie Levin sold 28,800 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $16.29, for a total value of $469,152.00. Following the sale, the president now owns 508,549 shares in the company, valued at approximately $8,284,263.21. The trade was a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 335,711 shares of company stock valued at $4,466,605 over the last three months. Company insiders own 57.83% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SEMR. 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 purchasing an additional 218,488 shares in the last quarter. Sei Investments Co. purchased a new position in shares of Semrush during the second quarter valued at $730,000. Squarepoint Ops LLC raised its position in Semrush by 33.0% during the second quarter. Squarepoint Ops LLC now owns 247,488 shares of the company’s stock valued at $3,314,000 after buying an additional 61,456 shares during the period. Millennium Management LLC lifted its stake in Semrush by 126.5% in the 2nd quarter. Millennium Management LLC now owns 294,374 shares of the company’s stock worth $3,942,000 after acquiring an additional 164,395 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Semrush by 28.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after acquiring an additional 3,706 shares during the period. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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.