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

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) President Eugenie Levin sold 15,093 shares of the firm's 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 completion of the sale, the president now owns 493,456 shares in the company, valued at approximately $8,443,032.16. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 value 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 stock was sold at an average price of $11.74, for a total value of $81,510.82.

Semrush Stock Performance

SEMR traded up $0.06 during trading on Friday, reaching $17.98. The company's stock had a trading volume of 993,220 shares, compared to its average volume of 742,331. The company's fifty day moving average price is $14.16 and its 200-day moving average price is $13.93. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $18.24. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 224.72 and a beta of 1.69.

Semrush (NASDAQ:SEMR - Get Free Report) last posted its quarterly 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). Semrush had a net margin of 3.29% and a return on equity of 4.93%. The company had revenue of $97.41 million for the quarter, compared to analyst estimates of $96.49 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. Equities analysts predict that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Semrush

Hedge funds and other institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC lifted its position in shares of 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 acquiring an additional 99,021 shares during the period. Barclays PLC raised its position in shares of Semrush by 115.2% during the 3rd quarter. Barclays PLC now owns 102,407 shares of the company's stock worth $1,609,000 after purchasing an additional 54,830 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Semrush by 329.4% during the 4th quarter. SG Americas Securities LLC now owns 56,089 shares of the company's stock worth $666,000 after purchasing an additional 43,027 shares during the last quarter. VELA Investment Management LLC acquired a new position in shares of Semrush during the 3rd quarter worth approximately $701,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Semrush during the 3rd quarter worth approximately $1,060,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on SEMR shares. Jefferies Financial Group raised their price objective on Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Northland Capmk raised Semrush to a "strong-buy" rating in a report on Tuesday, January 14th. Northland Securities started coverage on Semrush in a report on Tuesday, January 14th. They set an "outperform" rating and a $18.00 price target on the stock. Morgan Stanley raised Semrush from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Finally, Needham & Company LLC reissued a "buy" rating and set a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.