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 business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $16.29, for a total value of $469,152.00. Following the transaction, the president now directly owns 508,549 shares of the company’s stock, valued at approximately $8,284,263.21. The trade was a 5.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, January 17th, Eugenie Levin sold 43,200 shares of Semrush stock. The shares were 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 Performance

NASDAQ:SEMR opened at $16.19 on Friday. Semrush Holdings, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.95. The company has a 50 day simple moving average of $13.39 and a two-hundred day simple moving average of $13.67. The company has a market capitalization of $2.38 billion, a PE ratio of 202.44 and a beta of 1.62.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $97.41 million for the quarter, compared to analyst estimates of $96.49 million. Semrush had a return on equity of 4.93% and a net margin of 3.29%. During the same quarter last year, the company earned $0.03 earnings per share. Research analysts predict that Semrush Holdings, Inc. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SEMR. SG Americas Securities LLC boosted its position 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 valued at $666,000 after purchasing an additional 43,027 shares in the last quarter. Dakota Wealth Management acquired a new position in Semrush in the fourth quarter valued at approximately $199,000. JPMorgan Chase & Co. boosted its holdings in shares of Semrush by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock worth $6,080,000 after buying an additional 3,244 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Semrush during the 3rd quarter worth approximately $454,000. Finally, Virtu Financial LLC bought a new stake in shares of Semrush in the 3rd quarter valued at $158,000. 32.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on SEMR shares. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $17.00 to $20.00 in a research note on Monday, January 13th. KeyCorp lifted their price target on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group upped their price objective on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. lifted their target price on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Semrush in a report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.13.

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.