Steven Aldrich Sells 10,000 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Steven Aldrich sold 10,000 shares of Semrush stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $13.95, for a total value of $139,500.00. Following the transaction, the director now owns 48,924 shares in the company, valued at approximately $682,489.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Semrush Trading Down 0.8 %

Shares of NASDAQ:SEMR opened at $13.77 on Friday. The business has a 50-day moving average price of $14.09 and a 200 day moving average price of $12.87. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 153.00 and a beta of 1.64. Semrush Holdings, Inc. has a 12-month low of $7.36 and a 12-month high of $16.42.

Semrush (NASDAQ:SEMR) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $85.81 million during the quarter, compared to the consensus estimate of $85.10 million. Semrush had a return on equity of 6.05% and a net margin of 4.01%. As a group, equities research analysts predict that Semrush Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Semrush

Institutional investors have recently bought and sold shares of the company. Russia Partners Management LLC acquired a new position in Semrush in the 4th quarter valued at about $122,715,000. G2 Investment Partners Management LLC acquired a new position in Semrush in the 4th quarter valued at about $10,597,000. Barclays PLC grew its position in Semrush by 7.5% in the 3rd quarter. Barclays PLC now owns 55,756 shares of the company’s stock valued at $474,000 after acquiring an additional 3,914 shares in the last quarter. Algert Global LLC acquired a new position in shares of Semrush during the third quarter worth about $415,000. Finally, Swiss National Bank grew its position in shares of Semrush by 8.1% during the fourth quarter. Swiss National Bank now owns 70,400 shares of the company’s stock worth $962,000 after buying an additional 5,300 shares in the last quarter. 32.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Piper Sandler reduced their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Semrush in a report on Thursday, May 16th. Finally, KeyCorp assumed coverage on Semrush in a report on Thursday, March 21st. They set an “overweight” rating and a $17.00 price target on the stock. Three equities research 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, Semrush currently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

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.