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

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) fell 13.2% on Thursday . The company 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Northland Securities started coverage on Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target for the company. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Jefferies Financial Group raised their price target 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. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.88.

Semrush Price Performance

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

Insider Activity at Semrush

In related news, CMO Andrew Warden sold 8,462 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total value of $99,090.02. Following the sale, the chief marketing officer now directly owns 276,656 shares in the company, valued at approximately $3,239,641.76. The trade was a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Eugenie Levin sold 6,943 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $11.74, for a total transaction of $81,510.82. Following the sale, the president now directly owns 580,549 shares in the company, valued at approximately $6,815,645.26. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 351,090 shares of company stock worth $4,736,123. Insiders own 57.83% of the company’s stock.

Institutional Trading of Semrush

Several hedge funds and other institutional investors have recently modified their holdings of SEMR. Verition Fund Management LLC grew its stake in Semrush by 278.9% in the 3rd quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock valued at $2,113,000 after buying an additional 99,021 shares in the last quarter. Barclays PLC boosted its holdings in shares of Semrush by 115.2% in the third quarter. Barclays PLC now owns 102,407 shares of the company’s stock worth $1,609,000 after acquiring an additional 54,830 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Semrush in the fourth quarter valued at $6,869,000. SG Americas Securities LLC raised its stake in shares of Semrush by 329.4% during the 4th quarter. SG Americas Securities LLC now owns 56,089 shares of the company’s stock valued at $666,000 after purchasing an additional 43,027 shares during the period. Finally, VELA Investment Management LLC purchased a new stake in Semrush during the 3rd quarter worth about $701,000. Institutional investors own 32.86% of the company’s stock.

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.