Semrush (NASDAQ:SEMR) Hits New 12-Month High – What’s Next?

Semrush Holdings, Inc. (NASDAQ:SEMR) shares reached a new 52-week high on Wednesday . The company traded as high as $11.95 and last traded at $11.94, with a volume of 979784 shares. The stock had previously closed at $11.93.

Wall Street Analyst Weigh In

A number of research firms recently commented on SEMR. KeyCorp restated a “sector weight” rating on shares of Semrush in a report on Wednesday, November 19th. Needham & Company LLC reissued a “hold” rating on shares of Semrush in a research report on Wednesday, November 19th. Finally, Jefferies Financial Group restated a “hold” rating and set a $12.00 price target (up from $10.00) on shares of Semrush in a report on Thursday, November 20th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Semrush has an average rating of “Hold” and an average target price of $10.80.

Semrush Trading Down 0.1%

The stock has a market capitalization of $1.78 billion, a P/E ratio of 149.27 and a beta of 1.55. The business’s fifty day simple moving average is $11.87 and its two-hundred day simple moving average is $9.81.

Insider Activity at Semrush

In other Semrush news, CFO Brian Mulroy sold 100,078 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $11.86, for a total value of $1,186,925.08. Following the completion of the sale, the chief financial officer owned 1,019,517 shares in the company, valued at approximately $12,091,471.62. This trade represents a 8.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Andrew Warden sold 196,115 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $11.84, for a total value of $2,322,001.60. Following the sale, the chief marketing officer owned 241,084 shares in the company, valued at approximately $2,854,434.56. This represents a 44.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 324,357 shares of company stock valued at $3,843,008. Insiders own 55.61% of the company’s stock.

Institutional Investors Weigh In On Semrush

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its position in Semrush by 3,913.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,917 shares of the company’s stock worth $130,000 after acquiring an additional 10,645 shares during the last quarter. Invesco Ltd. boosted its stake in Semrush by 8.8% in the fourth quarter. Invesco Ltd. now owns 35,115 shares of the company’s stock worth $418,000 after purchasing an additional 2,847 shares in the last quarter. Water Island Capital LLC bought a new stake in shares of Semrush during the fourth quarter worth $7,474,000. Toronto Dominion Bank acquired a new stake in shares of Semrush in the fourth quarter valued at $4,877,000. Finally, Millennium Management LLC increased its stake in shares of Semrush by 14.8% in the fourth quarter. Millennium Management LLC now owns 1,175,270 shares of the company’s stock valued at $13,974,000 after buying an additional 151,509 shares in the last quarter. Institutional investors own 32.86% of the company’s stock.

About Semrush

Semrush is a global software-as-a-service (SaaS) company that provides a comprehensive digital marketing platform for search engine optimization (SEO), pay-per-click (PPC) advertising, content marketing and competitive research. The platform offers tools for keyword research, site auditing, backlink analysis and rank tracking, enabling marketing professionals to develop and refine their online visibility strategies. Semrush is publicly traded under the ticker SEMR and is headquartered in Boston with additional offices and development centers across North America, Europe and Asia.

The Semrush platform is organized into specialized toolkits covering SEO, content marketing, competitive intelligence, social media management and advertising research.