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

Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel David W. Mason sold 1,875 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.15, for a total value of $32,156.25. Following the transaction, the general counsel now owns 158,415 shares of the company’s stock, valued at $2,716,817.25. This trade represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Semrush Stock Performance

SEMR stock opened at $17.46 on Wednesday. Semrush Holdings, Inc. has a fifty-two week low of $9.64 and a fifty-two week 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. The company has a market cap of $2.56 billion, a P/E ratio of 218.00 and a beta of 1.69.

Semrush (NASDAQ:SEMR) last issued its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.03 earnings per share. Equities analysts predict that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

SEMR has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of Semrush in a research report on Wednesday, January 15th. Jefferies Financial Group increased their price target on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday. Northland Capmk raised Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. 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 research note on Monday, January 13th. Finally, Northland Securities assumed coverage on Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Semrush has a consensus rating of “Moderate Buy” and an average price target of $17.88.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SEMR. Point72 Asset Management L.P. acquired a new stake in shares of Semrush in the 2nd quarter worth about $123,000. Stoneridge Investment Partners LLC purchased a new stake in shares of Semrush in the fourth quarter worth approximately $135,000. DRW Securities LLC bought a new position in shares of Semrush in the third quarter valued at approximately $157,000. Virtu Financial LLC purchased a new position in shares of Semrush during the third quarter valued at approximately $158,000. Finally, Olympiad Research LP bought a new stake in Semrush during the third quarter worth $159,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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.