Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin Sells 43,200 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 43,200 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $15.39, for a total transaction of $664,848.00. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, January 7th, Eugenie Levin sold 6,943 shares of Semrush stock. The stock was sold at an average price of $11.74, for a total transaction of $81,510.82.

Semrush Trading Up 5.2 %

Shares of SEMR opened at $16.48 on Wednesday. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 205.96 and a beta of 1.62. The company’s fifty day simple moving average is $13.30 and its 200 day simple moving average is $13.63. Semrush Holdings, Inc. has a 1-year low of $9.64 and a 1-year high of $16.60.

Semrush (NASDAQ:SEMR) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share 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 firm 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 firm earned $0.03 earnings per share. As a group, research analysts forecast that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

SEMR has been the topic of a number of research reports. KeyCorp boosted their price target on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group upped their price target on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $17.00 to $20.00 in a report on Monday, January 13th. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Northland Securities assumed coverage on shares of Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target on the stock. 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.13.

Institutional Trading of Semrush

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in shares of Semrush by 29.7% during 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in Semrush by 69.5% during 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 during the period. Renaissance Technologies LLC acquired a new position in shares of Semrush in the second quarter valued at $3,732,000. XTX Topco Ltd bought a new position in shares of Semrush in the second quarter valued at about $344,000. Finally, Sei Investments Co. acquired a new stake in shares of Semrush during the 2nd quarter worth about $730,000. Institutional investors own 32.86% of the company’s stock.

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.