Semrush (NASDAQ:SEMR) Reaches New 12-Month High at $15.49

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $15.49 and last traded at $15.42, with a volume of 425975 shares changing hands. The stock had previously closed at $15.26.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SEMR. Jefferies Financial Group raised shares of Semrush from a "hold" rating to a "buy" rating and upped their target price for the stock from $9.00 to $15.00 in a report on Wednesday, February 7th. Needham & Company LLC raised their price objective on shares of Semrush from $15.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday, May 8th. Piper Sandler reduced their target price on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Wednesday, March 6th. The Goldman Sachs Group raised their price target on Semrush from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, January 23rd. Finally, KeyCorp initiated coverage on Semrush in a research report on Thursday, March 21st. They issued an "overweight" rating and a $17.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.

Semrush Trading Up 1.2 %

The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 169.56 and a beta of 1.57. The firm has a fifty day simple moving average of $12.47 and a 200-day simple moving average of $11.77.

Semrush (NASDAQ:SEMR - Get Free Report) last issued its earnings results on Monday, March 4th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $83.39 million for the quarter, compared to analyst estimates of $83.19 million. Semrush had a net margin of 4.01% and a return on equity of 6.05%. On average, equities analysts predict that Semrush Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity at Semrush

In other Semrush news, President Eugenie Levin sold 276,136 shares of the firm's stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $15.19, for a total transaction of $4,194,505.84. Following the transaction, the president now owns 449,437 shares in the company, valued at $6,826,948.03. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Semrush news, President Eugenie Levin sold 276,136 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $15.19, for a total value of $4,194,505.84. Following the sale, the president now directly owns 449,437 shares in the company, valued at $6,826,948.03. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Oleg Shchegolev sold 19,225 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 4,397,238 shares of the company's stock, valued at approximately $58,087,513.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 424,833 shares of company stock worth $6,128,273. 57.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Semrush

A number of hedge funds have recently modified their holdings of SEMR. Russia Partners Management LLC acquired a new stake in shares of Semrush during the fourth quarter worth $122,715,000. Barclays PLC lifted its stake in Semrush by 7.5% in the 3rd quarter. Barclays PLC now owns 55,756 shares of the company's stock valued at $474,000 after acquiring an additional 3,914 shares in the last quarter. Algert Global LLC acquired a new position in Semrush during the 3rd quarter worth approximately $415,000. Hsbc Holdings PLC grew its stake in shares of Semrush by 61.0% during the 3rd quarter. Hsbc Holdings PLC now owns 20,966 shares of the company's stock worth $175,000 after acquiring an additional 7,947 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Semrush in the fourth quarter valued at approximately $226,000. Institutional investors and hedge funds own 32.86% of the company's stock.

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.

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