Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin Sells 28,800 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 28,800 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $16.29, for a total value of $469,152.00. Following the completion of the sale, the president now directly owns 508,549 shares of the company’s stock, valued at approximately $8,284,263.21. This represents a 5.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Eugenie Levin also recently made the following trade(s):

• On Friday, January 17th, Eugenie Levin sold 43,200 shares of Semrush stock. The shares were sold at an average price of $15.39, for a total value of $664,848.00.
• On Tuesday, January 7th, Eugenie Levin sold 6,943 shares of Semrush stock. The shares were sold at an average price of $11.74, for a total transaction of $81,510.82.

Semrush Stock Performance

SEMR opened at $16.45 on Friday. The firm has a market cap of $2.41 billion, a P/E ratio of 205.65 and a beta of 1.62. The business has a 50 day moving average price of $13.46 and a 200 day moving average price of $13.69. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $16.95.

Semrush (NASDAQ:SEMR) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). Semrush had a return on equity of 4.93% and a net margin of 3.29%. The firm had revenue of $97.41 million during the quarter, compared to analyst estimates of $96.49 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. As a group, analysts anticipate that Semrush Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Northland Securities initiated coverage on shares of Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price for the company. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price target on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group raised their price objective on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Semrush presently has an average rating of “Moderate Buy” and an average target price of $17.13.

Institutional Investors Weigh In On Semrush

A number of hedge funds have recently bought and sold shares of SEMR. Verition Fund Management LLC lifted its position in shares of Semrush by 278.9% during the 3rd quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock worth $2,113,000 after purchasing an additional 99,021 shares during the last quarter. Barclays PLC lifted its holdings in shares of Semrush by 115.2% during the third quarter. Barclays PLC now owns 102,407 shares of the company’s stock worth $1,609,000 after buying an additional 54,830 shares during the last quarter. VELA Investment Management LLC bought a new stake in shares of Semrush in the third quarter valued at approximately $701,000. Renaissance Technologies LLC acquired a new stake in shares of Semrush in the second quarter worth $3,732,000. Finally, Cubist Systematic Strategies LLC bought a new position in Semrush during the second quarter worth $3,006,000. 32.86% of the stock is currently owned by institutional investors.

Semrush Company Profile

Semrush Holdings, Inc develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally. The company enables companies to identify and reach the right audience for their content through the right channels. Its platform enables the company's customers to understand trends and act upon insights to enhance the online visibility, and drive traffic to their websites and social media pages, as well as online listings, distribute targeted content to their customers, and measure the digital marketing campaigns.