The stock of Semrush Holdings Inc. (NYSE:SEMR) last traded at $7.95, up 1.92% from the previous session.
Data from the available sources indicates that Semrush Holdings Inc. (NYSE:SEMR) is covered by 3 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $9.00, we find $9.50. Given the previous closing price of $7.80, this indicates a potential upside of 21.79 percent. SEMR stock price is now -7.85% away from the 50-day moving average and -25.59% away from the 200-day moving average. The market capitalization of the company currently stands at $1.14B.
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In total, 2 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $12.00 as their price target over the next twelve months.
With the price target of $13, Morgan Stanley recently initiated with Equal-Weight rating for Semrush Holdings Inc. (NYSE: SEMR)., while ‘Needham’ rates the stock as ‘Buy’.
In other news, Humenik Delbert M, Chief Revenue Officer sold 1,130 shares of the company’s stock on Jan 06. The stock was sold for $9,198 at an average price of $8.14. Upon completion of the transaction, the Chief Revenue Officer now directly owns 90,073 shares in the company, valued at $0.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 26, Chief Financial Officer Fetisov Evgeny sold 10,623 shares of the business’s stock. A total of $128,700 was realized by selling the stock at an average price of $12.12. This leaves the insider owning 139,437 shares of the company worth $1.11 million. Insiders disposed of 704,518 shares of company stock worth roughly $5.6 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SEMR stock. A new stake in Semrush Holdings Inc. shares was purchased by KING LUTHER CAPITAL MANAGEMENT CORP during the first quarter worth $1,153,000. GSA CAPITAL PARTNERS LLP invested $369,000 in shares of SEMR during the first quarter. In the first quarter, JUMP FINANCIAL, LLC acquired a new stake in Semrush Holdings Inc. valued at approximately $152,000. WHETSTONE CAPITAL ADVISORS, LLC acquired a new stake in SEMR for approximately $115,000. AQUATIC CAPITAL MANAGEMENT LLC purchased a new stake in SEMR valued at around $109,000 in the second quarter. In total, there are 101 active investors with 78.80% ownership of the company’s stock.
With an opening price of $7.78 on Monday morning, Semrush Holdings Inc. (NYSE: SEMR) set off the trading day. During the past 12 months, Semrush Holdings Inc. has had a low of $7.16 and a high of $15.00. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.30, and a quick ratio of 3.30. The fifty day moving average price for SEMR is $8.63 and a two-hundred day moving average price translates $10.68 for the stock.
The latest earnings results from Semrush Holdings Inc. (NYSE: SEMR) was released for Sep, 2022. According to the Software – Application Company, earnings per share came in at -$0.05, beating analysts’ expectations of -$0.09 by 0.04. This compares to $0.00 EPS in the same period last year. The net profit margin was -10.00% and return on equity was -10.80% for SEMR. The company reported revenue of $65.79 million for the quarter, compared to $49.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.58 percent. For the current quarter, analysts expect SEMR to generate $67.57M in revenue.
Semrush Holdings Inc.(SEMR) Company Profile
Semrush Holdings, Inc. develops an online visibility management software-as-a-service platform worldwide. 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. The company was founded in 2008 and is headquartered in Boston, Massachusetts.
