Semrush (NASDAQ:SEMR) Shares Gap Down - Time to Sell?

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $14.28, but opened at $13.00. Semrush shares last traded at $12.17, with a volume of 83,059 shares changing hands.

Analyst Ratings Changes

SEMR has been the topic of several recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $18.00 price objective on shares of Semrush in a report on Tuesday, October 29th. The Goldman Sachs Group upped their price objective on shares of Semrush from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, October 7th. JPMorgan Chase & Co. increased their price target on shares of Semrush from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Finally, KeyCorp increased their price target on shares of Semrush from $19.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $16.50.

Semrush Stock Performance

The company's fifty day moving average is $13.79 and its two-hundred day moving average is $13.96. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 123.60 and a beta of 1.62.

Semrush (NASDAQ:SEMR - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.02). The firm had revenue of $90.95 million for the quarter, compared to analyst estimates of $89.70 million. Semrush had a return on equity of 6.61% and a net margin of 4.39%. On average, sell-side analysts anticipate that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Insider Transactions at Semrush

In other news, President Eugenie Levin sold 3,788 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $14.12, for a total transaction of $53,486.56. Following the sale, the president now owns 601,892 shares of the company's stock, valued at $8,498,715.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Brian Mulroy sold 4,207 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $13.12, for a total transaction of $55,195.84. Following the transaction, the chief financial officer now owns 433,211 shares in the company, valued at $5,683,728.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Eugenie Levin sold 3,788 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $14.12, for a total value of $53,486.56. Following the transaction, the president now owns 601,892 shares in the company, valued at $8,498,715.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 172,789 shares of company stock valued at $2,441,412 in the last 90 days. 57.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new position in shares of Semrush during the 2nd quarter valued at approximately $123,000. Olympiad Research LP purchased a new position in shares of Semrush during the 3rd quarter valued at approximately $159,000. Summit Global Investments purchased a new position in shares of Semrush during the 2nd quarter valued at approximately $156,000. Versor Investments LP purchased a new position in shares of Semrush during the 2nd quarter valued at approximately $174,000. Finally, Quest Partners LLC lifted its position in shares of Semrush by 398.0% during the 3rd quarter. Quest Partners LLC now owns 14,829 shares of the company's stock valued at $233,000 after buying an additional 11,851 shares in the last quarter. 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.