Eugenie Levin Sells 28,800 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 28,800 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $16.29, for a total transaction of $469,152.00. Following the sale, the president now directly owns 508,549 shares in the company, valued at $8,284,263.21. This trade represents a 5.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 stock was 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 stock was sold at an average price of $11.74, for a total value of $81,510.82.

Semrush Stock Up 2.9 %

NASDAQ SEMR opened at $16.19 on Friday. The firm has a 50-day moving average price of $13.39 and a two-hundred day moving average price of $13.67. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $16.95. The company has a market capitalization of $2.38 billion, a P/E ratio of 202.44 and a beta of 1.62.

Semrush (NASDAQ:SEMR) last issued 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). Semrush had a net margin of 3.29% and a return on equity of 4.93%. The company had revenue of $97.41 million during the quarter, compared to the consensus estimate of $96.49 million. During the same quarter last year, the firm posted $0.03 earnings per share. Equities analysts expect that Semrush Holdings, Inc. will post 0.08 EPS for the current year.

Institutional Trading of Semrush

Large investors have recently modified their holdings of the stock. FMR LLC raised its stake in Semrush by 19.4% in the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after purchasing an additional 467,517 shares in the last quarter. Wellington Management Group LLP raised its position in shares of 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 in the last quarter. State Street Corp lifted its holdings in shares of Semrush by 1.4% during the 3rd quarter. State Street Corp now owns 954,409 shares of the company’s stock worth $14,994,000 after acquiring an additional 13,374 shares during the period. Geode Capital Management LLC boosted its position in shares of Semrush by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after acquiring an additional 36,173 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Semrush by 69.5% in the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock valued at $7,132,000 after acquiring an additional 218,488 shares during the last quarter. 32.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SEMR has been the subject of a number of recent analyst reports. Northland Capmk raised Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group lifted their price objective on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Northland Securities initiated coverage on shares of Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. 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 report on Wednesday, October 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Two 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. According to MarketBeat, the stock has an average 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.