Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin Sells 28,800 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 28,800 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $16.29, for a total transaction of $469,152.00. Following the completion of the sale, the president now directly owns 508,549 shares of the company’s stock, valued at $8,284,263.21. The trade was a 5.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Eugenie Levin also recently made the following trade(s):

• 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 transaction of $664,848.00.
• On Tuesday, January 7th, Eugenie Levin sold 6,943 shares of Semrush stock. The shares were sold at an average price of $11.74, for a total transaction of $81,510.82.

Semrush Stock Down 4.3 %

SEMR stock opened at $15.75 on Thursday. The business has a fifty day moving average of $13.34 and a 200-day moving average of $13.65. The company has a market cap of $2.31 billion, a P/E ratio of 205.75 and a beta of 1.62. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $16.95.

Semrush (NASDAQ:SEMR) last released its 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). The business had revenue of $97.41 million for the quarter, compared to analyst estimates of $96.49 million. Semrush had a net margin of 3.29% and a return on equity of 4.93%. During the same quarter in the previous year, the company posted $0.03 earnings per share. As a group, equities research analysts anticipate that Semrush Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. KeyCorp increased their price objective on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $17.00 to $20.00 in a report on Monday, January 13th. The Goldman Sachs Group lifted their target price on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.13.

Institutional Trading of Semrush

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC raised its stake 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 in the last quarter. Dakota Wealth Management acquired a new position in Semrush during the fourth quarter worth $199,000. JPMorgan Chase & Co. raised its position in Semrush by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock worth $6,080,000 after acquiring an additional 3,244 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Semrush in the third quarter valued at $454,000. Finally, Virtu Financial LLC acquired a new position in shares of Semrush during the 3rd quarter worth about $158,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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.