Semrush Holdings Inc. (NYSE:SEMR)’s traded shares stood at 2.59 million during the last session. At the close of trading, the stock’s price was $9.08, to imply a decrease of -4.62% or -$0.44 in intraday trading. The SEMR share’s 52-week high remains $15.00, putting it -65.2% down since that peak but still an impressive 21.15% since price per share fell to its 52-week low of $7.16. The company has a valuation of $1.30B, with an average of 0.43 million shares in intraday trading volume over the past 10 days and average of 274.49K shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Semrush Holdings Inc. (SEMR), translating to a mean rating of 2.60. Of 6 analyst(s) looking at the stock, 0 analyst(s) give SEMR a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.08.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Semrush Holdings Inc. (NYSE:SEMR) trade information
After registering a -4.62% downside in the last session, Semrush Holdings Inc. (SEMR) has traded red over the past five days. The stock hit a weekly high of 9.73 this Thursday, 03/16/23, dropping -4.62% in its intraday price action. The 5-day price performance for the stock is 14.94%, and -0.11% over 30 days. With these gigs, the year-to-date price performance is 11.55%. Short interest in Semrush Holdings Inc. (NYSE:SEMR) saw shorts transact 1.54 million shares and set a 8.51 days time to cover.
Analysts on Wall Street suggest a consensus price target of $11.50, implying an increase of 21.04% to the stock’s current value. The extremes give us $9.00 and $15.00 for target low and target high price respectively. As such, SEMR has been trading -65.2% off suggested target high and 0.88% from its likely low.
Semrush Holdings Inc. (SEMR) estimates and forecasts
Looking at statistics comparing Semrush Holdings Inc. share performance against respective industry, we note that the company has outperformed competitors. Semrush Holdings Inc. (SEMR) shares are -24.71% down over the last 6 months, with its year-to-date growth rate higher than industry average at 31.58% against 16.70%. Revenue is forecast to shrink -300.00% this quarter before falling -500.00% for the next one. The rating firms project that company’s revenue will grow 34.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is $67.57 million. Meanwhile, for the quarter ending Mar 2023, a total of 5 analyst(s) estimate revenue growth to $70.69 million.Earnings reports from the last fiscal year show that sales brought in $53.75 million and $57.13 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 25.70% before jumping 23.70% in the following quarter.
Semrush Holdings Inc. has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Semrush Holdings Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Semrush Holdings Inc. (NYSE:SEMR)’s Major holders
Semrush Holdings Inc. insiders hold 11.38% of total outstanding shares, with institutional holders owning 78.60% of the shares at 88.69% float percentage. In total, 78.60% institutions holds shares in the company, led by Greycroft LP. As of Sep 29, 2022, the company held over 10.48 million shares (or 24.20% of shares), all amounting to roughly $117.52 million.
The next major institution holding the largest number of shares is Cat Rock Capital Management LP with 5.84 million shares, or about 13.48% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $65.46 million.
We also have Legg Mason Clearbridge Small Cap Growth Fd and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Semrush Holdings Inc. (SEMR) shares. Going by data provided on Oct 30, 2022, Legg Mason Clearbridge Small Cap Growth Fd holds roughly 1.27 million shares. This is just over 2.94% of the total shares, with a market valuation of $15.57 million. Data from the same date shows that the other fund manager holds a little less at 0.82 million, or 1.90% of the shares, all valued at about 9.22 million.