Semrush Hldgs Inc Stock Price, News & Analysis

Semrush Holdings, Inc. (NYSE: SEMR) announced the pricing of a public offering of 5,000,000 shares of Class A common stock at $20.50 per share. This includes 4,000,000 shares from Semrush and 1,000,000 from existing stockholders. The underwriters have an option to purchase an additional 750,000 shares. The offering is set to close on November 23, 2021. Proceeds from the offering will be used to boost sales, marketing, and R&D, as well as general administrative expenses and growth strategies.

Semrush Holdings, Inc. (NYSE: SEMR) has filed a registration statement with the SEC for a proposed public offering of 5,500,000 shares of Class A common stock. The offering includes 2,500,000 shares from Semrush and 3,000,000 from existing stockholders, with a 30-day option for underwriters to purchase an additional 825,000 shares. Proceeds from Semrush's shares will be used for sales, marketing, research and development, and general expenses. The offering is subject to market conditions and there are no guarantees on completion timing or terms.

Semrush Holdings, Inc. (NYSE: SEMR) reported a robust third quarter 2021, achieving $49.3 million in revenue, reflecting a 53% increase year-over-year. The company expanded its customer base to over 79,000, a rise of 23% from the previous year. Average revenue per customer grew by over 20%, driven by additional user licenses and product add-ons. Despite a net loss of $615,000, improvements were noted compared to a loss of $1 million last year. The guidance for Q4 anticipates revenue between $51.8 million and $52.3 million, indicating continued strong growth.

Semrush Holdings, Inc. (NYSE: SEMR) will release its Q3 2021 financial results on November 9, 2021, after market close. A conference call to discuss the results will be hosted on November 10, 2021, at 8:30 a.m. ET, led by CEO Oleg Shchegolev and CFO Evgeny Fetisov. Participants can join via the provided toll-free numbers or through a live webcast at investors.semrush.com. Semrush, headquartered in Boston, serves over 76,000 paying customers with a comprehensive SaaS platform for online visibility management and marketing.

Semrush has launched its Listing Management tool for Canadian businesses, enabling them to improve online visibility and manage their presence across major directories like Google and Facebook. This tool helps businesses create and maintain profiles with accurate information, ensuring they stand out in local searches. Key features include integration with over 40 directories, voice search optimization, and a comprehensive listing presence audit. This release is part of a broader rollout aimed at supporting the growth of small- and medium-sized firms in Canada.

Semrush has announced a new integration with monday.com, enhancing digital marketing workflows. This integration allows users to import Semrush's online marketing data directly into the monday.com platform, enabling effective keyword prioritization and real-time SEO insights. Organizations can now streamline collaboration across marketing teams using live data and visual dashboards. This partnership aims to strengthen decision-making in marketing strategies, promising an improved user experience for over 76,000 paying Semrush customers.

Semrush has appointed Andrew Warden as the new Chief Marketing Officer, tasked with leading a global marketing team of over 150. His role will focus on enhancing the Semrush brand and customer retention strategies. Warden's previous experience includes a successful tenure at UnitedLex, where he transformed marketing operations. Semrush, which went public in March 2021, aims to expand its product offerings beyond SEO to encompass comprehensive digital marketing tools.

Semrush Holdings, Inc. (NYSE: SEMR) reported strong Q2 2021 results, with total revenue reaching $45 million, a 58% year-over-year increase and a 13% sequential rise. The company saw a 29% growth in paid users, contributing to a total annual recurring revenue (ARR) of $188 million, up 57% year-over-year. Despite a net loss of $279,000, this is an improvement from a loss of $2.1 million a year ago. The firm is optimistic about Q3, projecting revenue between $47.3 million and $47.7 million, reflecting a 47-48% year-over-year growth outlook.