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MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Why SEMrush Stock Fell This Week

Jeremy Bowman, The Motley Fool
·2 min read
Why SEMrush Stock Fell This Week

Shares of SEMrush Holdings (NYSE: SEMR) were pulling back this week after the ad-targeting software company posted in-line results in its third-quarter earnings report, but offered disappointing guidance. Shares of SEMrush fell every day this week as investors seem to be questioning the company's valuation in the wake of the latest earnings report and after the Federal Reserve said that a pivot on interest rate hikes in the near term was unlikely. In its third-quarter earnings report Monday night, SEMrush said revenue rose 34% to $65.8 million, which topped estimates at $64 million.

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