Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel Sells $22,454.49 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel David W. Mason sold 1,667 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $13.47, for a total transaction of $22,454.49. Following the sale, the general counsel now directly owns 161,879 shares in the company, valued at $2,180,510.13. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Semrush Stock Performance

Shares of SEMR stock opened at $13.57 on Friday. The firm’s 50-day moving average is $13.96 and its 200-day moving average is $13.23. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 150.78 and a beta of 1.59. Semrush Holdings, Inc. has a 52-week low of $7.36 and a 52-week high of $16.42.

Semrush (NASDAQ:SEMR) last issued its earnings results on Monday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $85.81 million for the quarter, compared to analysts’ expectations of $85.10 million. Semrush had a net margin of 4.01% and a return on equity of 6.05%. Sell-side analysts predict that Semrush Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on SEMR. KeyCorp boosted their price target on shares of Semrush from $17.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $18.00 price target on shares of Semrush in a research report on Wednesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $14.33.

Institutional Investors Weigh In On Semrush

A number of institutional investors and hedge funds have recently modified their holdings of the company. Federated Hermes Inc. raised its holdings in shares of Semrush by 385.0% in the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after purchasing an additional 236,010 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Semrush by 330.9% in the 2nd quarter. Acadian Asset Management LLC now owns 37,461 shares of the company’s stock valued at $499,000 after purchasing an additional 28,768 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Semrush in the 2nd quarter valued at about $258,000. Rhumbline Advisers raised its holdings in Semrush by 29.7% in the 2nd quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock valued at $655,000 after acquiring an additional 11,202 shares during the period. Finally, Versor Investments LP bought a new position in Semrush in the 2nd quarter valued at about $174,000. 32.86% of the stock is 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.