Semrush (NASDAQ:SEMR) Sets New 52-Week Low - Should You Sell?

Key Points

• Semrush Holdings, Inc.'s stock reached a new 52-week low of $7.06 during trading, following a previous close of $7.12.
• Analysts have varied opinions on the stock, with ratings that include a consensus price target of $14.00 and recent downgrades from Goldman Sachs and Needham & Company.
• Insider selling has been notable, with significant shares sold by both the Director and the CTO, indicating growing caution among insiders about the company's performance.

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The company traded as low as $7.06 and last traded at $7.08, with a volume of 920556 shares changing hands. The stock had previously closed at $7.12.

Analysts Set New Price Targets

SEMR has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price objective on shares of Semrush from $12.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. KeyCorp set a $12.00 target price on shares of Semrush and gave the company an "overweight" rating in a research report on Tuesday, August 5th. Needham & Company LLC dropped their target price on shares of Semrush from $18.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, August 5th. Finally, Morgan Stanley set a $9.00 target price on shares of Semrush and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.

Semrush Trading Down 4.3%

The company's 50 day moving average price is $8.97 and its 200 day moving average price is $10.73. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 91.82 and a beta of 1.65.

Insiders Place Their Bets

In other Semrush news, insider David W. Mason sold 7,500 shares of Semrush stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $10.03, for a total transaction of $75,225.00. Following the transaction, the insider directly owned 261,702 shares of the company's stock, valued at $2,624,871.06. The trade was a 2.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anna Baird sold 20,000 shares of Semrush stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $10.00, for a total transaction of $200,000.00. Following the completion of the sale, the director owned 26,556 shares of the company's stock, valued at approximately $265,560. This trade represents a 42.96% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,553,906 shares of company stock valued at $25,571,254. 55.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Semrush

Several institutional investors have recently modified their holdings of the company. Nebula Research & Development LLC lifted its holdings in Semrush by 98.0% in the second quarter. Nebula Research & Development LLC now owns 65,694 shares of the company's stock worth $595,000 after purchasing an additional 32,508 shares during the period. Qube Research & Technologies Ltd lifted its holdings in Semrush by 23.7% in the second quarter. Qube Research & Technologies Ltd now owns 737,964 shares of the company's stock worth $6,679,000 after purchasing an additional 141,488 shares during the period. Cerity Partners LLC acquired a new stake in Semrush in the second quarter worth about $168,000. Formula Growth Ltd. acquired a new stake in Semrush in the 2nd quarter valued at about $679,000. Finally, Jump Financial LLC lifted its holdings in Semrush by 257.1% in the 2nd quarter. Jump Financial LLC now owns 316,740 shares of the company's stock valued at $2,866,000 after acquiring an additional 228,036 shares during the last quarter. 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.