Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells $258,241.23 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 15,093 shares of Semrush stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.11, for a total transaction of $258,241.23. Following the completion of the transaction, the president now directly owns 493,456 shares of the company’s stock, valued at $8,443,032.16. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $16.29, for a total transaction of $469,152.00.
• On Friday, January 17th, Eugenie Levin sold 43,200 shares of Semrush stock. The stock was 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 Price Performance

Shares of SEMR stock opened at $17.46 on Wednesday. The company’s 50-day simple moving average is $13.90 and its two-hundred day simple moving average is $13.86. Semrush Holdings, Inc. has a one year low of $9.64 and a one year high of $17.95. The company has a market capitalization of $2.56 billion, a P/E ratio of 218.00 and a beta of 1.69.

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

Institutional Trading of Semrush

Several institutional investors and hedge funds have recently made changes to their positions in SEMR. Verition Fund Management LLC increased its position in Semrush by 278.9% during the 3rd quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock valued at $2,113,000 after purchasing an additional 99,021 shares during the period. Barclays PLC increased its holdings in Semrush by 115.2% during the third quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after buying an additional 54,830 shares during the period. VELA Investment Management LLC bought a new position in Semrush in the third quarter worth approximately $701,000. GSA Capital Partners LLP purchased a new stake in Semrush during the third quarter worth $1,060,000. Finally, FMR LLC boosted its position in Semrush by 19.4% during the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after acquiring an additional 467,517 shares in the last quarter. 32.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SEMR shares. Needham & Company LLC reissued 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 increased their target price on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Monday. Northland Securities began coverage on shares of Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target for the company. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $17.00 to $20.00 in a research report on Monday, January 13th. Two investment 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.