Eugenie Levin Sells 43,200 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 43,200 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $15.39, for a total transaction of $664,848.00. Following the sale, the president now owns 537,349 shares in the company, valued at $8,269,801.11. This trade represents a 7.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction of $81,510.82.

Semrush Stock Performance

NASDAQ SEMR traded up $0.82 on Tuesday, reaching $16.48. The stock had a trading volume of 1,036,640 shares, compared to its average volume of 666,095. The stock has a market cap of $2.42 billion, a P/E ratio of 205.96 and a beta of 1.62. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $16.60. The business’s 50-day moving average price is $13.25 and its 200 day moving average price is $13.61.

Semrush (NASDAQ:SEMR) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). Semrush had a net margin of 3.29% and a return on equity of 4.93%. The business had revenue of $97.41 million during the quarter, compared to analysts’ expectations of $96.49 million. During the same quarter last year, the company earned $0.03 EPS. On average, sell-side analysts predict that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

SEMR has been the topic of several recent research reports. The Goldman Sachs Group upped their price target on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. JPMorgan Chase & Co. raised their target price on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Finally, Northland Securities began coverage on shares of Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Two 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.com, Semrush presently has an average rating of “Moderate Buy” and an average price target of $17.13.

Hedge Funds Weigh In On Semrush

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in Semrush by 19.4% during the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after acquiring an additional 467,517 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Semrush during the second quarter worth $3,732,000. Cubist Systematic Strategies LLC purchased a new position in Semrush in the 2nd quarter valued at $3,006,000. Dimensional Fund Advisors LP increased its stake in Semrush by 69.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock valued at $7,132,000 after buying an additional 218,488 shares during the period. Finally, Wellington Management Group LLP increased its stake in Semrush by 12.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock valued at $24,030,000 after buying an additional 168,400 shares during the period. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.