SEMrush (NYSE:SEMR) Sees Unusually-High Trading Volume – What’s Next?

SEMrush Holdings, Inc. (NYSE:SEMR) saw unusually-strong trading volume on Thursday . Approximately 4,334,336 shares changed hands during trading, an increase of 270% from the previous session’s volume of 1,172,271 shares.The stock last traded at $11.82 and had previously closed at $11.76.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of SEMrush in a research note on Wednesday, October 8th. Wall Street Zen raised SEMrush from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. KeyCorp cut SEMrush from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Zacks Research upgraded SEMrush from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

SEMrush Stock Up 0.4%

The company has a 50 day simple moving average of $7.44. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -590.50 and a beta of 1.60.

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

About SEMrush

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.