Northland Capmk Weighs in on Semrush FY2024 Earnings

Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) - Northland Capmk issued their FY2024 EPS estimates for Semrush in a research report issued on Tuesday, January 14th. Northland Capmk analyst L. Horton anticipates that the company will earn $0.06 per share for the year. Northland Capmk currently has a "Strong-Buy" rating on the stock. The consensus estimate for Semrush's current full-year earnings is $0.09 per share. Northland Capmk also issued estimates for Semrush's Q4 2024 earnings at $0.02 EPS, Q1 2025 earnings at $0.03 EPS, Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.05 EPS and FY2025 earnings at $0.17 EPS.

A number of other equities research analysts have also weighed in on SEMR. Morgan Stanley raised shares of Semrush from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $17.00 to $20.00 in a report on Monday. JPMorgan Chase & Co. boosted their price target on Semrush from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group lifted their target price on Semrush from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, October 7th. Northland Securities started coverage on Semrush in a research report on Tuesday. They issued an "outperform" rating and a $18.00 target price on the stock. Finally, Needham & Company LLC reissued a "buy" rating and set a $18.00 price target on shares of Semrush in a research report on Wednesday. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Semrush currently has an average rating of "Moderate Buy" and a consensus target price of $17.13.

Semrush Price Performance

NASDAQ:SEMR traded up $0.52 during trading hours on Friday, hitting $15.67. 742,900 shares of the company were exchanged, compared to its average volume of 632,401. Semrush has a 52-week low of $9.64 and a 52-week high of $16.42. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 195.95 and a beta of 1.62. The company's 50 day moving average price is $13.17 and its 200-day moving average price is $13.59.

Insider Transactions at Semrush

In related news, CFO Brian Mulroy sold 3,015 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $12.40, for a total transaction of $37,386.00. Following the sale, the chief financial officer now directly owns 430,196 shares of the company's stock, valued at approximately $5,334,430.40. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Vitalii Obishchenko sold 5,293 shares of Semrush stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.73, for a total transaction of $62,086.89. Following the completion of the transaction, the chief operating officer now directly owns 838,659 shares of the company's stock, valued at $9,837,470.07. The trade was a 0.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 263,711 shares of company stock valued at $3,332,605 in the last 90 days. 57.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Semrush

A number of hedge funds have recently bought and sold shares of SEMR. FMR LLC raised its stake in shares of Semrush by 19.4% during the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company's stock worth $45,188,000 after buying an additional 467,517 shares during the period. Renaissance Technologies LLC acquired a new position in Semrush during the second quarter worth $3,732,000. Federated Hermes Inc. raised its position in Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company's stock worth $3,981,000 after acquiring an additional 236,010 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Semrush during the second quarter valued at $3,006,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Semrush by 69.5% in the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company's stock valued at $7,132,000 after purchasing an additional 218,488 shares during the period. Hedge funds and other 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.