Semrush (NASDAQ:SEMR) Reaches New 52-Week Low – Here’s Why

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $6.56 and last traded at $6.7050, with a volume of 1245135 shares. The stock had previously closed at $7.51.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Semrush from $12.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. KeyCorp set a $12.00 price target on shares of Semrush and gave the company an “overweight” rating in a report on Tuesday, August 5th. Needham & Company LLC cut their price objective on Semrush from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, August 5th. Finally, Morgan Stanley set a $9.00 price objective on Semrush and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.50.

Semrush Stock Performance

The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 87.82 and a beta of 1.60. The business’s fifty day simple moving average is $7.45 and its 200 day simple moving average is $8.63.

Insider Transactions at Semrush

In related news, CMO Andrew Warden sold 7,000 shares of Semrush stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $7.77, for a total value of $54,390.00. Following the completion of the transaction, the chief marketing officer directly owned 366,917 shares in the company, valued at approximately $2,850,945.09. This trade represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 55.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SEMR. State of Alaska Department of Revenue bought a new position in Semrush in the third quarter worth about $41,000. Signaturefd LLC acquired a new position in shares of Semrush during the first quarter valued at $42,000. Amundi boosted its holdings in shares of Semrush by 29.3% during the first quarter. Amundi now owns 4,890 shares of the company’s stock valued at $44,000 after acquiring an additional 1,108 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Semrush by 96.4% during the second quarter. Canada Pension Plan Investment Board now owns 5,500 shares of the company’s stock valued at $50,000 after acquiring an additional 2,700 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Semrush by 56.1% during the second quarter. Tower Research Capital LLC TRC now owns 6,284 shares of the company’s stock valued at $57,000 after acquiring an additional 2,259 shares during the period. 32.86% of the stock is 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.