Added to YB: 2025-07-22
Pitch date: 2025-07-20
SEMR [bullish]
Semrush Holdings, Inc.
+31.89%
current return
Author Info
P14 Capital is a former buy-side research analyst who uncovers undervalued opportunities in SMID-cap equities. Long-biased and generalist. Sign up for the newsletter.
Company Info
Semrush Holdings, Inc. develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally.
Market Cap
$1.0B
Pitch Price
$9.00
Price Target
16.00 (+35%)
Dividend
N/A
EV/EBITDA
58.20
P/E
-220.99
EV/Sales
1.76
Sector
Software
Category
growth
LONG $SEMR - Semrush Holdings, Inc.
SEMR: Misunderstood SEO/marketing SaaS at 2.7x EV/sales with strong enterprise traction - ARR $424.7M (+19.9% Y/Y), 12.2% NGOI margin. AI not killing SEO but evolving it; Enterprise SEO ARR $11M with 15x ARPU uplift vs SMB. New AI products gaining rapid adoption. PT $16 (+83%) on 4x EV/sales; bear case -16%, bull case +198%. Multiple expansion potential as enterprise penetration deepens.
Read full article (19 min)