SEMrush (NYSE:SEMR) Shares Gap Up – Time to Buy?

SEMrush Holdings, Inc. (NYSE:SEMR) shares gapped up before the market opened on Wednesday . The stock had previously closed at $6.76, but opened at $11.79. SEMrush shares last traded at $11.82, with a volume of 25,267,240 shares.

Analysts Set New Price Targets

Several analysts recently commented on SEMR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of SEMrush in a report on Wednesday, October 8th. Zacks Research raised shares of SEMrush from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Wall Street Zen upgraded shares of SEMrush from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

SEMrush Stock Performance

The company’s fifty day moving average price is $7.35. The company has a market cap of $1.76 billion, a PE ratio of -590.50 and a beta of 1.60.

SEMrush (NYSE:SEMR) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). SEMrush had a negative return on equity of 1.60% and a negative net margin of 1.05%.The business had revenue of $112.08 million for the quarter, compared to the consensus estimate of $111.53 million.

SEMrush 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.