Semrush (SEMR)

Medium conviction.

Semrush (SEMR) is a SaaS business directed at online marketers which IPO’d on March 25th 2021. The company boasts annual recurring revenues of $144 million with 76% gross margins and a 50% revenue growth rate measured between December 2016 to December 2020. 

The Semrush IPO was not particularly well received, however, shares have moved slightly higher si…