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

Key Points

• Semrush's stock has reached a new 52-week low, trading at $6.97, down from a previous close of $7.28.
• Analyst ratings reveal a consensus of "Moderate Buy" with a target price of $14.00, despite recent downgrades from firms like Goldman Sachs and Morgan Stanley.
• Insider trading activity has seen significant sales, with insiders selling a total of 13,406 shares worth over $116,000 in the last 90 days.

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $6.97 and last traded at $7.01, with a volume of 617302 shares trading hands. The stock had previously closed at $7.28.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SEMR shares. The Goldman Sachs Group dropped their price target 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. Morgan Stanley set a $9.00 price target on shares of Semrush and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. KeyCorp set a $12.00 price objective on shares of Semrush and gave the company an "overweight" rating in a research note on Tuesday, August 5th. Finally, Needham & Company LLC lowered their price objective on shares of Semrush from $18.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $14.00.

Semrush Stock Down 3.0%

The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 88.32 and a beta of 1.64. The company's 50-day simple moving average is $7.95 and its 200-day simple moving average is $8.99.

Insider Activity at Semrush

In other Semrush news, CMO Andrew Warden sold 7,000 shares of Semrush stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $7.77, for a total value of $54,390.00. Following the transaction, the chief marketing officer owned 366,917 shares in the company, valued at approximately $2,850,945.09. The trade was a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark Vranesh sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $10.00, for a total transaction of $50,000.00. Following the completion of the transaction, the director directly owned 116,693 shares of the company's stock, valued at $1,166,930. This represents a 4.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,406 shares of company stock worth $116,819. 55.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Semrush

A number of institutional investors have recently modified their holdings of SEMR. Signaturefd LLC acquired a new stake in shares of Semrush during the 1st quarter valued at $42,000. Amundi boosted its stake in shares of Semrush by 29.3% during the 1st quarter. Amundi now owns 4,890 shares of the company's stock valued at $44,000 after buying an additional 1,108 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Semrush by 96.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,500 shares of the company's stock valued at $50,000 after purchasing an additional 2,700 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Semrush by 56.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,284 shares of the company's stock worth $57,000 after purchasing an additional 2,259 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Semrush during the second quarter worth $93,000. 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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