Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells $664,848.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 43,200 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $15.39, for a total value of $664,848.00. Following the transaction, the president now directly owns 537,349 shares of the company’s stock, valued at $8,269,801.11. This represents a 7.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, January 21st, Eugenie Levin sold 28,800 shares of Semrush stock. The stock was sold at an average price of $16.29, for a total value of $469,152.00.
• 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 value of $81,510.82.

Semrush Trading Up 2.9 %

Shares of SEMR opened at $16.19 on Friday. The stock has a market cap of $2.38 billion, a PE ratio of 202.44 and a beta of 1.62. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $16.95. The stock has a 50 day simple moving average of $13.39 and a 200-day simple moving average of $13.67.

Semrush (NASDAQ:SEMR) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). Semrush had a return on equity of 4.93% and a net margin of 3.29%. The company had revenue of $97.41 million for the quarter, compared to analyst estimates of $96.49 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. On average, sell-side analysts forecast that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. Northland Securities started coverage on Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target on the stock. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.13.

Institutional Trading of Semrush

Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in shares of Semrush by 29.7% in the 2nd quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock worth $655,000 after acquiring an additional 11,202 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Semrush by 69.5% in the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after purchasing an additional 218,488 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Semrush during the second quarter worth $3,732,000. XTX Topco Ltd acquired a new stake in shares of Semrush in the second quarter valued at $344,000. Finally, Sei Investments Co. bought a new position in shares of Semrush in the second quarter valued at about $730,000. 32.86% of the stock is owned by institutional investors.

About Semrush

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.