Semrush (NASDAQ:SEMR) Reaches New 1-Year High - Should You Buy?

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $18.01 and last traded at $18.19, with a volume of 123648 shares traded. The stock had previously closed at $17.42.

Analysts Set New Price Targets

SEMR has been the topic of several recent research reports. Northland Securities initiated coverage on shares of Semrush in a report on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 price objective on the stock. Morgan Stanley upgraded Semrush from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $17.00 to $20.00 in a research note on Monday, January 13th. Jefferies Financial Group raised their target price on Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Needham & Company LLC reissued a "buy" rating and issued a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Finally, Northland Capmk raised shares of Semrush to a "strong-buy" rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.88.

Semrush Stock Performance

The business's 50 day moving average is $14.16 and its 200-day moving average is $13.93. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 229.83 and a beta of 1.69.

Semrush (NASDAQ:SEMR - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The company had revenue of $97.41 million for the quarter, compared to analysts' expectations of $96.49 million. Semrush had a return on equity of 4.93% and a net margin of 3.29%. During the same period in the prior year, the firm earned $0.03 EPS. Sell-side analysts anticipate that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dmitry Melnikov sold 44,592 shares of Semrush stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $12.76, for a total value of $568,993.92. Following the sale, the director now directly owns 8,978,501 shares of the company's stock, valued at $114,565,672.76. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Oleg Shchegolev sold 6,859 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total value of $80,318.89. Following the completion of the transaction, the chief executive officer now directly owns 7,301,214 shares of the company's stock, valued at approximately $85,497,215.94. This represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 351,090 shares of company stock worth $4,736,123. Corporate insiders own 57.83% of the company's stock.

Hedge Funds Weigh In On Semrush

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC lifted its stake in Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company's stock worth $45,188,000 after purchasing an additional 467,517 shares in the last quarter. Wellington Management Group LLP lifted its position in Semrush by 12.4% during the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company's stock worth $24,030,000 after buying an additional 168,400 shares in the last quarter. State Street Corp boosted its stake in Semrush by 1.4% during the third quarter. State Street Corp now owns 954,409 shares of the company's stock worth $14,994,000 after buying an additional 13,374 shares during the last quarter. Geode Capital Management LLC boosted its stake in Semrush by 4.8% during the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company's stock worth $12,387,000 after buying an additional 36,173 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Semrush in the 4th quarter valued at $6,869,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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.