Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) hit a new 52-week low during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $8.65 and last traded at $8.94, with a volume of 64049 shares. The stock had previously closed at $9.45.
Specifically, CMO Andrew Warden sold 3,993 shares of Semrush stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $9.46, for a total value of $37,773.78. Following the sale, the chief marketing officer now owns 400,999 shares of the company's stock, valued at approximately $3,793,450.54. This trade represents a 0.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Eugenie Levin sold 4,075 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $9.44, for a total transaction of $38,468.00. Following the transaction, the president now directly owns 797,393 shares of the company's stock, valued at $7,527,389.92. This represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on SEMR shares. Northland Securities started coverage on shares of Semrush in a report on Tuesday, January 14th. They set an "outperform" rating and a $18.00 target price for the company. Morgan Stanley upgraded shares of Semrush from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Capmk raised Semrush to a "strong-buy" rating in a research report on Tuesday, January 14th. Needham & Company LLC reissued a "buy" rating and set a $18.00 price target on shares of Semrush in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group lowered their price target on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $18.14.
Check Out Our Latest Stock Report on Semrush
Semrush Price Performance
The business has a 50-day simple moving average of $13.16 and a two-hundred day simple moving average of $13.47. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 105.20 and a beta of 1.80.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in SEMR. Barclays PLC boosted its position in Semrush by 115.2% during the third quarter. Barclays PLC now owns 102,407 shares of the company's stock worth $1,609,000 after purchasing an additional 54,830 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Semrush during the 4th quarter worth about $6,869,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of Semrush by 166.7% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company's stock worth $1,226,000 after buying an additional 64,514 shares during the period. SG Americas Securities LLC grew its stake in Semrush by 329.4% in the 4th quarter. SG Americas Securities LLC now owns 56,089 shares of the company's stock valued at $666,000 after buying an additional 43,027 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Semrush by 10.6% in the 4th quarter. Principal Financial Group Inc. now owns 31,959 shares of the company's stock valued at $380,000 after acquiring an additional 3,059 shares during the period. 32.86% of the stock is owned by institutional investors and hedge funds.
Semrush Company Profile
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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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