Semrush (SEMR) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Semrush in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SEMR shares.
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3 Wall Street analysts have issued 12-month target prices for Semrush's shares. Their SEMR share price forecasts range from $11.00 to $13.00. On average, they predict the company's share price to reach $12.00 in the next year. This suggests a possible upside of 51.3% from the stock's current price.
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Semrush's stock was trading at $8.14 at the start of the year. Since then, SEMR stock has decreased by 2.6% and is now trading at $7.93.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
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Semrush Holdings, Inc. (NASDAQ:SEMR) announced its quarterly earnings data on Monday, March, 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). The business earned $68.79 million during the quarter, compared to analyst estimates of $67.49 million. Semrush had a negative net margin of 15.35% and a negative trailing twelve-month return on equity of 20.00%.

Semrush updated its second quarter 2023 earnings guidance on Monday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $73.60 million-$75.00 million, compared to the consensus revenue estimate of $74.90 million.

(SEMR) raised $252 million in an IPO on Thursday, March 25th 2021. The company issued 16,800,000 shares at a price of $14.00-$16.00 per share. Goldman Sachs, J.P. Morgan, Jefferies and KeyBanc Securities acted as the underwriters for the IPO and Piper Sandler and Stifel were co-managers.

Semrush trades on the NASDAQ under the ticker symbol "SEMR."

Semrush's stock is owned by many different retail and institutional investors. Top institutional shareholders include Ancient Art L.P. (2.51%), Dorsey Asset Management LLC (2.22%), BlackRock Inc. (1.00%), Geode Capital Management LLC (0.24%), Whetstone Capital Advisors LLC (0.22%) and Renaissance Technologies LLC (0.19%). Insiders that own company stock include Andrew Warden, Delbert M Humenik, Delbert M Humenik, Dmitry Melnikov, Eugenie Levin, Evgeny Fetisov, Oleg Shchegolev, Roman Simonov and Vitalii Obishchenko.
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Shares of SEMR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SEMR stock can currently be purchased for approximately $7.93.

Semrush (NASDAQ:SEMR) has a market capitalization of $1.13 billion and generates $254.32 million in revenue each year. The company earns $-33,850,000.00 in net income (profit) each year or ($0.29) on an earnings per share basis.

The company employs 1,173 workers across the globe.

The official website for the company is www.semrush.com. The company can be reached via phone at 800-851-9959 or via email at ir@semrush.com.