Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells 15,093 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 15,093 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.11, for a total transaction of $258,241.23. Following the transaction, the president now owns 493,456 shares of the company’s stock, valued at approximately $8,443,032.16. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, January 21st, Eugenie Levin sold 28,800 shares of Semrush stock. The stock was sold at an average price of $16.29, for a total value of $469,152.00.
• 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 value of $664,848.00.
• On Tuesday, January 7th, Eugenie Levin sold 6,943 shares of Semrush stock. The stock was sold at an average price of $11.74, for a total value of $81,510.82.

Semrush Stock Performance

Shares of SEMR opened at $17.38 on Thursday. The business’s fifty day moving average price is $13.98 and its two-hundred day moving average price is $13.89. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 217.21 and a beta of 1.69. Semrush Holdings, Inc. has a 52 week low of $9.64 and a 52 week high of $17.95.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $97.41 million during the quarter, compared to the consensus estimate 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 prior year, the business earned $0.03 EPS. As a group, research analysts forecast that Semrush Holdings, Inc. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in shares of Semrush by 10.6% during the fourth quarter. Principal Financial Group Inc. now owns 31,959 shares of the company’s stock worth $380,000 after buying an additional 3,059 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 3,244 shares during the period. US Bancorp DE raised its position in shares of Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after acquiring an additional 3,446 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Semrush by 28.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after purchasing an additional 3,706 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Semrush in the 2nd quarter worth $123,000. Institutional investors own 32.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SEMR shares. Northland Securities assumed coverage on shares of Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Jefferies Financial Group increased their price target on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $17.00 to $20.00 in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.88.

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.