Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel David W. Mason Sells 1,875 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel David W. Mason sold 1,875 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the sale, the general counsel now directly owns 158,415 shares of the company’s stock, valued at approximately $2,716,817.25. The trade was a 1.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Semrush Stock Up 0.4 %

NASDAQ:SEMR opened at $17.46 on Wednesday. The firm has a market capitalization of $2.56 billion, a PE ratio of 218.00 and a beta of 1.69. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $17.95. The stock’s 50-day simple moving average is $13.90 and its 200 day simple moving average is $13.86.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings results 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). The company had revenue of $97.41 million for the quarter, compared to the consensus estimate of $96.49 million. Semrush had a net margin of 3.29% and a return on equity of 4.93%. During the same period last year, the firm posted $0.03 earnings per share. On average, analysts anticipate that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in Semrush during the 2nd quarter worth $123,000. DRW Securities LLC acquired a new position in shares of Semrush in the third quarter valued at approximately $157,000. Virtu Financial LLC bought a new position in Semrush in the 3rd quarter valued at approximately $158,000. Olympiad Research LP acquired a new stake in Semrush during the 3rd quarter worth approximately $159,000. Finally, Stoneridge Investment Partners LLC bought a new stake in Semrush during the 4th quarter worth approximately $135,000. 32.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SEMR has been the subject of several analyst reports. Jefferies Financial Group lifted their price objective on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday. Northland Securities initiated coverage on shares of Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target for the company. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Northland Capmk raised Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Semrush in a report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Semrush currently has a consensus rating of “Moderate Buy” and an average target price of $17.88.

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.