Semrush (NASDAQ:SEMR) Sets New 12-Month High at $16.00

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $16.00 and last traded at $15.95, with a volume of 82100 shares trading hands. The stock had previously closed at $15.74.

Analyst Upgrades and Downgrades

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

Semrush Price Performance

The stock has a 50-day moving average of $12.98 and a 200 day moving average of $12.09. The company has a market cap of $2.34 billion, a P/E ratio of 178.89 and a beta of 1.57.

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

Insider Activity

In other Semrush news, President Eugenie Levin sold 12,930 shares of the business's stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $13.19, for a total transaction of $170,546.70. Following the completion of the transaction, the president now owns 449,437 shares of the company's stock, valued at $5,928,074.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CMO Andrew Warden sold 9,355 shares of the business's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $13.15, for a total transaction of $123,018.25. Following the sale, the chief marketing officer now owns 265,471 shares in the company, valued at approximately $3,490,943.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Eugenie Levin sold 12,930 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $13.19, for a total value of $170,546.70. Following the completion of the transaction, the president now owns 449,437 shares of the company's stock, valued at $5,928,074.03. The disclosure for this sale can be found here. In the last quarter, insiders have sold 424,833 shares of company stock worth $6,128,273. Insiders own 57.83% of the company's stock.

Institutional Trading of Semrush

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC raised its holdings 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 buying an additional 3,914 shares during the last quarter. Pathstone Family Office LLC bought a new position in Semrush in the 3rd quarter valued at approximately $273,000. Wealthsource Partners LLC raised its holdings in Semrush by 1.6% in the 3rd quarter. Wealthsource Partners LLC now owns 76,772 shares of the company's stock valued at $653,000 after buying an additional 1,182 shares during the last quarter. Hsbc Holdings PLC raised its holdings in 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 purchasing an additional 7,947 shares during the last quarter. Finally, Algert Global LLC bought a new position in Semrush during the 3rd quarter worth approximately $415,000. 32.86% of the stock is currently 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.