Eugenie Levin Sells 3,788 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 3,788 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $14.12, for a total transaction of $53,486.56. Following the sale, the president now directly owns 601,892 shares of the company’s stock, valued at approximately $8,498,715.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Semrush Stock Up 1.6 %

SEMR stock traded up $0.23 during mid-day trading on Friday, hitting $14.43. 445,816 shares of the company were exchanged, compared to its average volume of 402,818. The business has a fifty day simple moving average of $14.03 and a 200-day simple moving average of $13.87. The firm has a market capitalization of $2.10 billion, a P/E ratio of 160.33 and a beta of 1.58. Semrush Holdings, Inc. has a 12-month low of $7.36 and a 12-month high of $16.42.

Semrush (NASDAQ:SEMR) last posted its earnings results 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 net margin of 4.39% and a return on equity of 6.61%. The company had revenue of $90.95 million during the quarter, compared to analyst estimates of $89.70 million. Research analysts predict that Semrush Holdings, Inc. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Semrush

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in Semrush in the second quarter valued at $123,000. Summit Global Investments purchased a new position in shares of Semrush in the 2nd quarter valued at about $156,000. Versor Investments LP purchased a new position in shares of Semrush in the 2nd quarter valued at about $174,000. The Manufacturers Life Insurance Company grew its position in shares of Semrush by 28.4% during the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after buying an additional 3,706 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Semrush in the second quarter valued at approximately $258,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. KeyCorp increased their price target on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Needham & Company LLC restated a “buy” rating and set a $18.00 price objective on shares of Semrush in a research report on Wednesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Semrush has an average rating of “Moderate Buy” and an average price target 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.