Added to YB: 2025-09-02
Pitch date: 2025-08-30
SEMR [neutral]
Semrush Holdings, Inc.
+53.56%
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
$7.73
Price Target
20.33 (+71%)
Dividend
N/A
EV/EBITDA
58.20
P/E
-220.99
EV/Sales
1.76
Sector
Software
Category
growth
2Q25 ER Update Pt. 1: Semrush Holdings, Inc.
SEMR (earnings update): Despite -21% drop post-Q2 on weak Q3/FY25 guidance, thesis intact. Enterprise customers >$10K ARR +35% YOY, AI products scaling to $50M ARR by YE (+67% vs prior $30M). Low-end weakness (15-20% of ARR) from macro/rising CPCs, but enterprise NRR >120%. Bull case PT $20.33 (+157% <2yrs).
Read full article (7 min)