Semrush (NASDAQ:SEMR) Hits New 52-Week High – Still a Buy?

Semrush Holdings, Inc. (NASDAQ:SEMR) hit a new 52-week high on Tuesday . The company traded as high as $16.42 and last traded at $16.37, with a volume of 403143 shares. The stock had previously closed at $15.66.

Analysts Set New Price Targets

A number of research firms recently commented on SEMR. KeyCorp upped their price objective on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Northland Securities initiated coverage on Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target for the company. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $17.00 to $20.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their target price on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.13.

Semrush Price Performance

The company has a market cap of $2.38 billion, a PE ratio of 202.44 and a beta of 1.62. The business has a fifty day simple moving average of $13.39 and a two-hundred day simple moving average of $13.67.

Semrush (NASDAQ:SEMR) last posted its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $97.41 million for the quarter, compared to analysts’ expectations of $96.49 million. Semrush had a return on equity of 4.93% and a net margin of 3.29%. During the same period in the previous year, the company earned $0.03 earnings per share. On average, equities research analysts predict that Semrush Holdings, Inc. will post 0.08 EPS for the current year.

Insider Transactions at Semrush

In related news, COO Vitalii Obishchenko sold 5,293 shares of Semrush stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $11.73, for a total value of $62,086.89. Following the completion of the transaction, the chief operating officer now directly owns 838,659 shares in the company, valued at approximately $9,837,470.07. This trade represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian Mulroy sold 3,015 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $12.40, for a total transaction of $37,386.00. Following the transaction, the chief financial officer now directly owns 430,196 shares of the company’s stock, valued at $5,334,430.40. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 335,711 shares of company stock worth $4,466,605. 57.83% of the stock is currently owned by insiders.

Institutional Trading of Semrush

Several large investors have recently added to or reduced their stakes in SEMR. Point72 Asset Management L.P. acquired a new position in Semrush in the second quarter valued at approximately $123,000. DRW Securities LLC bought a new stake in shares of Semrush during the third quarter worth approximately $157,000. Virtu Financial LLC acquired a new stake in shares of Semrush in the third quarter valued at approximately $158,000. Olympiad Research LP bought a new stake in shares of Semrush during the 3rd quarter worth approximately $159,000. Finally, Quest Partners LLC grew its holdings in shares of Semrush by 398.0% during the 3rd quarter. Quest Partners LLC now owns 14,829 shares of the company’s stock valued at $233,000 after purchasing an additional 11,851 shares during the last quarter. 32.86% of the stock is owned by institutional investors.

About Semrush

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.