Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells $258,241.23 in Stock

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

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 Price Performance

SEMR opened at $17.89 on Friday. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 223.64 and a beta of 1.69. The business’s 50-day moving average price is $14.07 and its two-hundred day moving average price is $13.91. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $18.24.

Semrush (NASDAQ:SEMR) last announced 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). Semrush had a net margin of 3.29% and a return on equity of 4.93%. The firm had revenue of $97.41 million during the quarter, compared to analyst estimates of $96.49 million. During the same period in the prior year, the business posted $0.03 EPS. Sell-side analysts anticipate that Semrush Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Semrush

Hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE boosted its holdings in Semrush by 2,127.2% during the fourth quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after purchasing an additional 3,446 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Semrush during the 2nd quarter worth about $123,000. Arizona State Retirement System bought a new position in shares of Semrush in the 4th quarter valued at about $128,000. Stoneridge Investment Partners LLC bought a new position in shares of Semrush in the 4th quarter valued at about $135,000. Finally, DRW Securities LLC bought a new stake in Semrush during the third quarter worth about $157,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SEMR has been the topic of a number of analyst reports. Jefferies Financial Group increased their price target on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. 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. Finally, Northland Securities initiated coverage on Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price for the company. Two investment 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.