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

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) General Counsel David W. Mason sold 1,875 shares of Semrush stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the sale, the general counsel now directly owns 158,415 shares of the company's stock, valued at approximately $2,716,817.25. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Semrush Price Performance

Shares of NASDAQ:SEMR traded up $0.06 during trading on Friday, reaching $17.98. 993,220 shares of the company were exchanged, compared to its average volume of 742,331. The firm has a market capitalization of $2.64 billion, a PE ratio of 224.72 and a beta of 1.69. The business's fifty day simple moving average is $14.16 and its 200-day simple moving average is $13.93. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $18.24.

Semrush (NASDAQ:SEMR - Get Free Report) last released its quarterly earnings data 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 business had revenue of $97.41 million for the quarter, compared to the consensus estimate of $96.49 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. On average, sell-side analysts anticipate that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Semrush

Hedge funds and other institutional investors have recently modified their holdings of the business. Arizona State Retirement System acquired a new stake in Semrush in the fourth quarter valued at approximately $128,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Semrush by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 305,765 shares of the company's stock worth $3,632,000 after buying an additional 4,360 shares during the period. US Bancorp DE lifted its stake in shares of Semrush by 2,127.2% during the fourth quarter. US Bancorp DE now owns 3,608 shares of the company's stock worth $43,000 after buying an additional 3,446 shares during the period. VELA Investment Management LLC lifted its stake in shares of Semrush by 63.3% during the fourth quarter. VELA Investment Management LLC now owns 72,914 shares of the company's stock worth $866,000 after buying an additional 28,263 shares during the period. Finally, Versor Investments LP lifted its stake in shares of Semrush by 145.8% during the fourth quarter. Versor Investments LP now owns 31,956 shares of the company's stock worth $380,000 after buying an additional 18,956 shares during the period. 32.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Morgan Stanley raised shares of Semrush from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Jefferies Financial Group increased their price objective on shares of Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Northland Securities started coverage on shares of Semrush in a report on Tuesday, January 14th. They set an "outperform" rating and a $18.00 price objective for the company. Northland Capmk upgraded shares of Semrush to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Needham & Company LLC restated a "buy" rating and set a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.88.

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.