Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin Sells 15,093 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 15,093 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.11, for a total value of $258,241.23. Following the transaction, the president now directly owns 493,456 shares in the company, valued at $8,443,032.16. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 value of $81,510.82.

Semrush Stock Performance

Shares of SEMR stock opened at $17.46 on Wednesday. The stock has a fifty day simple moving average of $13.90 and a two-hundred day simple moving average of $13.86. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $17.95. The firm has a market capitalization of $2.56 billion, a PE ratio of 218.00 and a beta of 1.69.

Semrush (NASDAQ:SEMR) last released its 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). Semrush had a return on equity of 4.93% and a net margin of 3.29%. The business had revenue of $97.41 million for the quarter, compared to analysts’ expectations of $96.49 million. During the same quarter in the prior year, the business posted $0.03 EPS. On average, sell-side analysts forecast that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SEMR shares. Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Jefferies Financial Group boosted their price objective on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Northland Securities assumed coverage on Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target for the company. Finally, Northland Capmk raised Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.88.

Hedge Funds Weigh In On Semrush

Several hedge funds have recently modified their holdings of SEMR. Point72 Asset Management L.P. purchased a new position in Semrush during the second quarter valued at $123,000. DRW Securities LLC purchased a new position in shares of Semrush during the third quarter valued at about $157,000. Virtu Financial LLC bought a new stake in shares of Semrush in the third quarter worth about $158,000. Olympiad Research LP purchased a new stake in shares of Semrush in the third quarter worth about $159,000. Finally, Stoneridge Investment Partners LLC bought a new position in Semrush during the fourth quarter valued at approximately $135,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

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.