Semrush (NASDAQ:SEMR) Shares Down 13.2% – Should You Sell?

Semrush Holdings, Inc. (NASDAQ:SEMR)’s stock price fell 13.2% during trading on Thursday . The company traded as low as $12.63 and last traded at $13.10. 203,197 shares were traded during trading, a decline of 70% from the average session volume of 676,494 shares. The stock had previously closed at $15.09.

Analyst Upgrades and Downgrades

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

Semrush Price Performance

The firm has a market cap of $1.76 billion, a PE ratio of 150.11 and a beta of 1.69. The stock’s fifty day simple moving average is $15.03 and its 200-day simple moving average is $14.21.

Insider Buying and Selling

In other news, President Eugenie Levin sold 15,093 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.11, for a total transaction of $258,241.23. Following the sale, the president now owns 493,456 shares of the company’s stock, valued at $8,443,032.16. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel David W. Mason sold 1,875 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.15, for a total value of $32,156.25. Following the sale, the general counsel now owns 158,415 shares in the company, valued at $2,716,817.25. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 351,090 shares of company stock valued at $4,736,123 over the last quarter. 57.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Semrush

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE lifted its stake in Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after buying an additional 3,446 shares in the last quarter. Quarry LP raised its holdings in shares of Semrush by 504.8% during the fourth quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after acquiring an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Semrush in the fourth quarter valued at approximately $71,000. Comerica Bank increased its position in shares of Semrush by 14.6% during the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after purchasing an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in Semrush in the 4th quarter valued at $86,000. 32.86% of the stock is owned by hedge funds and other 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.