Semrush (NASDAQ:SEMR) Shares Down 13.2% – What’s Next?

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) dropped 13.2% on Thursday . The stock traded as low as $12.63 and last traded at $13.10. Approximately 203,197 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 676,494 shares. The stock had previously closed at $15.09.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of Semrush in a report on Wednesday, January 15th. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Northland Securities started coverage on Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target on the stock. Finally, Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Semrush currently has an average rating of “Moderate Buy” and a consensus price target of $17.88.

Semrush Price Performance

The firm’s 50 day simple moving average is $15.00 and its two-hundred day simple moving average is $14.18. The firm has a market capitalization of $1.61 billion, a P/E ratio of 137.58 and a beta of 1.69.

Insider Activity

In other Semrush news, Director Dmitry Melnikov sold 44,592 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $12.76, for a total transaction of $568,993.92. Following the completion of the sale, the director now owns 8,978,501 shares of the company’s stock, valued at $114,565,672.76. This represents a 0.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel David W. Mason sold 1,875 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the transaction, the general counsel now owns 158,415 shares in the company, valued at $2,716,817.25. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 351,090 shares of company stock valued at $4,736,123. Insiders own 57.83% of the company’s stock.

Institutional Trading of Semrush

Several large investors have recently modified their holdings of the business. Verition Fund Management LLC raised its position in Semrush by 278.9% during the 3rd quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock valued at $2,113,000 after purchasing an additional 99,021 shares during the last quarter. Barclays PLC increased its stake in shares of Semrush by 115.2% during the third quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after buying an additional 54,830 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Semrush during the fourth quarter valued at approximately $6,869,000. SG Americas Securities LLC lifted its stake in Semrush by 329.4% in the fourth quarter. SG Americas Securities LLC now owns 56,089 shares of the company’s stock worth $666,000 after acquiring an additional 43,027 shares during the period. Finally, VELA Investment Management LLC purchased a new stake in Semrush in the third quarter worth $701,000. 32.86% of the stock is owned by institutional investors.

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.