Semrush (NASDAQ:SEMR) Sets New 12-Month High – Should You Buy?

Semrush Holdings, Inc. (NASDAQ:SEMR)’s share price 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 trading hands. The stock had previously closed at $11.93.

Analyst Ratings Changes

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

Semrush Price Performance

The company has a market cap of $1.78 billion, a price-to-earnings ratio of 149.27 and a beta of 1.55. The firm has a 50-day moving average price of $11.87 and a 200 day moving average price of $9.78.

Insider Buying and Selling at Semrush

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

Institutional Trading of Semrush

Large investors have recently made changes to their positions in the company. Nexpoint Asset Management L.P. acquired a new stake in shares of Semrush during the 4th quarter valued at $41,309,000. FIL Ltd bought a new position in Semrush in the fourth quarter valued at about $30,201,000. AQR Arbitrage LLC acquired a new stake in shares of Semrush during the fourth quarter valued at about $17,950,000. Soros Fund Management LLC acquired a new stake in shares of Semrush during the fourth quarter valued at about $15,280,000. Finally, Bank of America Corp DE grew its holdings in shares of Semrush by 871.8% during the second quarter. Bank of America Corp DE now owns 940,144 shares of the company’s stock worth $8,508,000 after purchasing an additional 843,406 shares during the last quarter. Institutional investors and hedge funds 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.