Semrush (NASDAQ:SEMR) Hits New 1-Year Low – Here’s Why

Semrush Holdings, Inc. (NASDAQ:SEMR) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $9.45 and last traded at $9.60, with a volume of 817886 shares trading hands. The stock had previously closed at $9.70.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SEMR shares. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Northland Securities assumed coverage on Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price objective for the company. Jefferies Financial Group raised their target price on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Semrush presently has an average rating of “Buy” and a consensus target price of $18.71.

Semrush Stock Down 1.1 %

The stock’s fifty day moving average price is $14.76 and its 200-day moving average price is $14.02. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 119.95 and a beta of 1.77.

Insider Buying and Selling at Semrush

In related news, Director Dmitry Melnikov sold 42,226 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $13.50, for a total transaction of $570,051.00. Following the sale, the director now owns 9,099,091 shares in the company, valued at approximately $122,837,728.50. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Andrew Warden sold 8,462 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total value of $99,090.02. Following the completion of the transaction, the chief marketing officer now owns 276,656 shares of the company’s stock, valued at approximately $3,239,641.76. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 481,253 shares of company stock worth $6,192,121. Insiders own 57.83% of the company’s stock.

Institutional Investors Weigh In On Semrush

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Topline Capital Management LLC bought a new position in shares of Semrush in the fourth quarter valued at $9,267,000. Millennium Management LLC lifted its stake in Semrush by 153.8% in the fourth quarter. Millennium Management LLC now owns 1,246,109 shares of the company’s stock valued at $14,804,000 after acquiring an additional 755,220 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Semrush in the 4th quarter valued at about $6,869,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Semrush by 122.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company’s stock worth $11,696,000 after purchasing an additional 541,899 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after purchasing an additional 467,517 shares during the period. Institutional investors own 32.86% of the company’s stock.

About Semrush

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.