Stocks of Semrush Holdings Inc. (SEMR) are poised to climb above their peers

Semrush Holdings Inc. (NYSE: SEMR) stock fell -4.48% on Tuesday to $7.89 against a previous-day closing price of $8.26. With 0.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.16 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $8.30 whereas the lowest price it dropped to was $7.72. The 52-week range on SEMR shows that it touched its highest point at $19.41 and its lowest point at $7.16 during that stretch. It currently has a 1-year price target of $13.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SEMR was down-trending over the past week, with a drop of -2.35%, but this was up by 1.15% over a month. Three-month performance dropped to -34.30% while six-month performance fell -33.02%. The stock lost -53.40% in the past year, while it has lost -3.07% so far this year. A look at the trailing 12-month EPS for SEMR yields -0.17 with Next year EPS estimates of -0.14. For the next quarter, that number is -0.08. This implies an EPS growth rate of 50.10% for this year and 26.30% for next year.

Float and Shares Shorts:

At present, 141.26 million SEMR shares are outstanding with a float of 38.67 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.64 million, which was 1.16% higher than short shares on Sep 14, 2022. In addition to Mr. Oleg Shchegolev as the firm’s Co-Founder, CEO & Chairperson, Mr. Dmitri Melnikov serves as its Co-Founder & Director.

Institutional Ownership:

Through their ownership of 78.25% of SEMR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 39.90% of SEMR, in contrast to 38.07% held by mutual funds. Shares owned by individuals account for 14.49%. As the largest shareholder in SEMR with 13.38% of the stake, Cat Rock Capital Management LP holds 5,839,589 shares worth 5,839,589. A second-largest stockholder of SEMR, Dorsey Asset Management LLC, holds 3,452,605 shares, controlling over 7.91% of the firm’s shares. Ancient Art LP is the third largest shareholder in SEMR, holding 3,261,736 shares or 7.47% stake. With a 2.92% stake in SEMR, the ClearBridge Small Cap Growth Fund is the largest stakeholder. A total of 1,272,891 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 1.88% of SEMR stock, is the second-largest Mutual Fund holder. It holds 822,251 shares valued at 6.69 million. Vanguard Small Cap Index Fund holds 1.80% of the stake in SEMR, owning 787,318 shares worth 6.41 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SEMR since 7 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SEMR analysts setting a high price target of $20.00 and a low target of $9.00, the average target price over the next 12 months is $13.00. Based on these targets, SEMR could surge 153.49% to reach the target high and rise by 14.07% to reach the target low. Reaching the average price target will result in a growth of 64.77% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SEMR will report FY 2022 earnings on 02/27/2024. Analysts have provided yearly estimates in a range of -$0.19 being high and -$0.21 being low. For SEMR, this leads to a yearly average estimate of -$0.19. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Semrush Holdings Inc. surprised analysts by $0.04 when it reported -$0.05 EPS against a consensus estimate of -$0.09. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is -$0.08 and the low estimate is -$0.10. The average estimate for the next quarter is thus -$0.08.

Summary of Insider Activity:

Insiders traded SEMR stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 83,963 shares were bought while 1,130 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 37 over the past year. The total number of shares bought during that period was 11,046,817 while 704,518 shares were sold.

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