Northland Capmk Forecasts Semrush FY2024 Earnings

Semrush Holdings, Inc. (NASDAQ:SEMR) – Northland Capmk issued their FY2024 EPS estimates for shares of Semrush in a research note issued on Tuesday, January 14th. Northland Capmk analyst L. Horton expects that the company will earn $0.06 per share for the year. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Semrush’s current full-year earnings is $0.09 per share. Northland Capmk also issued estimates for Semrush’s Q4 2024 earnings at $0.02 EPS, Q1 2025 earnings at $0.03 EPS, Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.05 EPS and FY2025 earnings at $0.17 EPS.

A number of other equities research analysts have also issued reports on SEMR. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Semrush in a report on Wednesday. KeyCorp increased their price target on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Northland Securities initiated coverage on shares of Semrush in a research report on Tuesday. They set an “outperform” rating and a $18.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group lifted their target price on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Semrush has a consensus rating of “Moderate Buy” and an average target price of $17.13.

Semrush Stock Performance

NASDAQ:SEMR opened at $15.67 on Friday. Semrush has a one year low of $9.64 and a one year high of $16.42. The stock has a market cap of $2.30 billion, a PE ratio of 195.95 and a beta of 1.62. The stock has a 50 day moving average price of $13.17 and a 200 day moving average price of $13.59.

Insider Buying and Selling

In other news, CMO Andrew Warden sold 8,462 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total transaction of $99,090.02. Following the completion of the sale, the chief marketing officer now owns 276,656 shares in the company, valued at $3,239,641.76. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Oleg Shchegolev sold 6,859 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 transaction of $80,318.89. Following the sale, the chief executive officer now directly owns 7,301,214 shares in the company, valued at approximately $85,497,215.94. This represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 263,711 shares of company stock worth $3,332,605 in the last ninety days. 57.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Semrush

Several hedge funds have recently modified their holdings of SEMR. Point72 Asset Management L.P. purchased a new position in Semrush during the second quarter worth approximately $123,000. DRW Securities LLC purchased a new position in shares of Semrush in the 3rd quarter valued at $157,000. Virtu Financial LLC purchased a new stake in Semrush during the 3rd quarter worth $158,000. Olympiad Research LP acquired a new position in shares of Semrush during the third quarter worth about $159,000. Finally, Dakota Wealth Management purchased a new stake in shares of Semrush in the fourth quarter worth about $199,000. 32.86% of the stock is owned by institutional investors and hedge funds.

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.