Semrush (NASDAQ:SEMR) Hits New 52-Week Low on Insider Selling

Semrush Holdings, Inc. (NASDAQ:SEMR) hit a new 52-week low during mid-day trading on Thursday following insider selling activity. The company traded as low as $8.65 and last traded at $8.94, with a volume of 64049 shares. The stock had previously closed at $9.45.

Specifically, CMO Andrew Warden sold 3,993 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $9.46, for a total value of $37,773.78. Following the completion of the transaction, the chief marketing officer now owns 400,999 shares of the company’s stock, valued at $3,793,450.54. The trade was a 0.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Eugenie Levin sold 4,075 shares of Semrush stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.44, for a total transaction of $38,468.00. Following the sale, the president now directly owns 797,393 shares of the company’s stock, valued at $7,527,389.92. This represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SEMR. Northland Securities assumed coverage on Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group cut their price target on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a report on Wednesday, January 15th. Finally, Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $17.00 to $20.00 in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Semrush currently has a consensus rating of “Buy” and an average target price of $18.14.

Semrush Stock Performance

The business has a 50-day simple moving average of $13.31 and a 200 day simple moving average of $13.53. The firm has a market cap of $1.25 billion, a P/E ratio of 106.26 and a beta of 1.80.

Institutional Trading of Semrush

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE raised its holdings in Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after purchasing an additional 3,446 shares in the last quarter. Quarry LP lifted its holdings in Semrush by 504.8% in the fourth quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after buying an additional 3,589 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Semrush in the fourth quarter worth about $71,000. Comerica Bank boosted its position in Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after acquiring an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of Semrush during the 4th quarter worth approximately $86,000. 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.