Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $100,125.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Mark Vranesh sold 7,500 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $13.35, for a total transaction of $100,125.00. Following the completion of the sale, the director now directly owns 121,231 shares of the company’s stock, valued at $1,618,433.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Semrush Trading Up 0.9 %

NASDAQ SEMR opened at $13.83 on Friday. The stock’s 50-day moving average price is $14.37 and its two-hundred day moving average price is $13.04. The company has a market cap of $2.01 billion, a PE ratio of 153.67 and a beta of 1.59. Semrush Holdings, Inc. has a 1 year low of $7.36 and a 1 year high of $16.42.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $85.81 million for 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%. Research analysts forecast that Semrush Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SEMR shares. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Thursday, May 16th. KeyCorp started coverage on shares of Semrush in a report on Thursday, March 21st. They issued an “overweight” rating and a $17.00 price target for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Hedge Funds Weigh In On Semrush

A number of large investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. increased its holdings in shares of Semrush by 33.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company’s stock valued at $75,000 after purchasing an additional 1,378 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Semrush by 20.9% in the 4th quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock valued at $123,000 after purchasing an additional 1,563 shares during the period. Swiss National Bank increased its holdings in shares of Semrush by 8.1% in the 4th quarter. Swiss National Bank now owns 70,400 shares of the company’s stock valued at $962,000 after purchasing an additional 5,300 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Semrush by 61.0% in the 3rd quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock valued at $175,000 after purchasing an additional 7,947 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Semrush in the 4th quarter valued at about $226,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.