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

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 43,200 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $15.39, for a total transaction of $664,848.00. Following the completion of the sale, the president now directly owns 537,349 shares of the company’s stock, valued at $8,269,801.11. The trade was a 7.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 transaction of $469,152.00.
• 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 value of $81,510.82.

Semrush Price Performance

Shares of SEMR opened at $15.75 on Thursday. The company’s fifty day moving average price is $13.34 and its 200-day moving average price is $13.65. Semrush Holdings, Inc. has a 1-year low of $9.64 and a 1-year high of $16.95. The firm has a market capitalization of $2.31 billion, a PE ratio of 196.91 and a beta of 1.62.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share 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 company posted $0.03 earnings per share. As a group, research analysts anticipate that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Semrush

A number of institutional investors have recently bought and sold shares of SEMR. Verition Fund Management LLC increased its stake in shares of Semrush by 278.9% in the third quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock worth $2,113,000 after acquiring an additional 99,021 shares during the period. Barclays PLC boosted its holdings in Semrush by 115.2% in the third quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after purchasing an additional 54,830 shares during the last quarter. VELA Investment Management LLC acquired a new stake in Semrush during the 3rd quarter worth about $701,000. Renaissance Technologies LLC purchased a new position in shares of Semrush during the 2nd quarter valued at about $3,732,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Semrush in the 2nd quarter valued at about $3,006,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SEMR. Needham & Company LLC restated 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 report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price objective on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. KeyCorp raised their target price on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.13.

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.