Semrush (NASDAQ:SEMR) Shares Gap Down – Should You Sell?

Semrush Holdings, Inc. (NASDAQ:SEMR)’s share price gapped down prior to trading on Friday . The stock had previously closed at $14.28, but opened at $13.00. Semrush shares last traded at $12.17, with a volume of 83,059 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SEMR. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Semrush in a research note on Tuesday, October 29th. The Goldman Sachs Group lifted their target price on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. upped their target price on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, KeyCorp boosted their price objective on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Semrush currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Semrush Stock Performance

The company has a 50-day moving average of $13.79 and a 200-day moving average of $13.96. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 120.80 and a beta of 1.62.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $90.95 million during the quarter, compared to analysts’ expectations of $89.70 million. Semrush had a net margin of 4.39% and a return on equity of 6.61%. As a group, equities research analysts forecast that Semrush Holdings, Inc. will post 0.08 EPS for the current year.

Insider Buying and Selling at Semrush

In other news, President Eugenie Levin sold 3,788 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $14.12, for a total transaction of $53,486.56. Following the completion of the transaction, the president now directly owns 601,892 shares of the company’s stock, valued at approximately $8,498,715.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Dmitry Melnikov sold 10,011 shares of Semrush stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $14.02, for a total transaction of $140,354.22. Following the completion of the sale, the director now directly owns 9,362,419 shares in the company, valued at approximately $131,261,114.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Eugenie Levin sold 3,788 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $14.12, for a total value of $53,486.56. Following the completion of the sale, the president now owns 601,892 shares in the company, valued at approximately $8,498,715.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,789 shares of company stock valued at $2,441,412. 57.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Semrush

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new position in shares of Semrush in the second quarter valued at $3,732,000. Federated Hermes Inc. increased its holdings in Semrush by 385.0% during the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after acquiring an additional 236,010 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Semrush during the second quarter worth about $3,006,000. Dimensional Fund Advisors LP lifted its holdings in shares of Semrush by 69.5% in the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock valued at $7,132,000 after purchasing an additional 218,488 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC acquired a new stake in shares of Semrush in the first quarter valued at approximately $2,705,000. 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.