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SEMrush Holdings, Inc. (SEMR) Moves 11.1% Higher: Will This Strength Last?

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SEMrush Holdings, Inc. (SEMR - Free Report) shares soared 11.1% in the last trading session to close at $12.45. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.8% loss over the past four weeks.

SEMRush is benefiting from an expanding clientele. It had approximately 106,800 paying customers as of Sep 30, 2023, up nearly 14% year over year.

This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +137.5%. Revenues are expected to be $83.21 million, up 21% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For SEMrush Holdings, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SEMR going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

SEMrush Holdings, Inc. belongs to the Zacks Internet - Software industry. Another stock from the same industry, Bumble Inc. (BMBL - Free Report) , closed the last trading session 2.7% lower at $13.41. Over the past month, BMBL has returned -4.4%.

Bumble Inc.'s consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.12. Compared to the company's year-ago EPS, this represents a change of -29.4%. Bumble Inc. currently boasts a Zacks Rank of #4 (Sell).

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