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 business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $16.29, for a total value of $469,152.00. Following the transaction, the president now directly owns 508,549 shares of the company’s stock, valued at $8,284,263.21. The trade was a 5.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 transaction of $81,510.82.

Semrush Price Performance

Shares of SEMR traded down $0.71 during mid-day trading on Wednesday, reaching $15.75. 1,338,487 shares of the company’s stock were exchanged, compared to its average volume of 717,853. The business’s fifty day simple moving average is $13.30 and its 200-day simple moving average is $13.63. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $16.95. The stock has a market capitalization of $2.31 billion, a PE ratio of 196.91 and a beta of 1.62.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.01 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 business had revenue of $97.41 million during the quarter, compared to analyst estimates of $96.49 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Equities research analysts predict that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Institutional Trading of Semrush

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in shares of Semrush by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock worth $6,080,000 after purchasing an additional 3,244 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in 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 buying an additional 3,706 shares during the period. Point72 Asset Management L.P. purchased a new position in Semrush during the 2nd quarter worth $123,000. DRW Securities LLC acquired a new stake in shares of Semrush in the 3rd quarter worth $157,000. Finally, Virtu Financial LLC purchased a new stake in shares of Semrush in the third quarter valued at about $158,000. 32.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SEMR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Semrush in a report on Wednesday, January 15th. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $17.00 to $20.00 in a report on Monday, January 13th. KeyCorp increased their price objective on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, Northland Securities assumed coverage on Semrush in a research note on Tuesday, January 14th. They set 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 assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Semrush 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.