Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $116,325.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Mark Vranesh sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $15.51, for a total value of $116,325.00. Following the completion of the sale, the director now owns 113,731 shares of the company’s stock, valued at approximately $1,763,967.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Semrush Trading Down 0.1 %

Shares of Semrush stock traded down $0.02 during mid-day trading on Thursday, reaching $14.20. 449,858 shares of the stock were exchanged, compared to its average volume of 525,787. Semrush Holdings, Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $16.42. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 157.78 and a beta of 1.58. The firm has a 50-day simple moving average of $14.04 and a 200 day simple moving average of $13.83.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Semrush had a return on equity of 6.61% and a net margin of 4.39%. The firm had revenue of $90.95 million for the quarter, compared to analyst estimates of $89.70 million. On average, research analysts predict that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Semrush

Institutional investors have recently bought and sold shares of the business. Cat Rock Capital Management LP grew its holdings in shares of Semrush by 4.4% during the fourth quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock worth $117,426,000 after purchasing an additional 358,386 shares during the last quarter. G2 Investment Partners Management LLC acquired a new position in Semrush during the 4th quarter worth about $10,597,000. Quadrature Capital Ltd bought a new stake in Semrush during the 4th quarter worth about $289,000. Silvercrest Asset Management Group LLC acquired a new stake in Semrush in the 1st quarter valued at about $2,705,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Semrush in the first quarter worth about $543,000. Institutional investors own 32.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SEMR. KeyCorp raised their target price on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Semrush currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

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.