David W. Mason Sells 1,875 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel David W. Mason sold 1,875 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the transaction, the general counsel now owns 158,415 shares of the company’s stock, valued at approximately $2,716,817.25. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Semrush Trading Down 0.6 %

SEMR stock opened at $17.38 on Thursday. The company’s 50 day moving average is $13.98 and its two-hundred day moving average is $13.89. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $17.95. The stock has a market cap of $2.55 billion, a P/E ratio of 218.00 and a beta of 1.69.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings results 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). The company had revenue of $97.41 million during the quarter, compared to analysts’ expectations of $96.49 million. Semrush had a net margin of 3.29% and a return on equity of 4.93%. During the same period last year, the firm earned $0.03 earnings per share. On average, equities research analysts predict that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE lifted its position in Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after acquiring an additional 3,446 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Semrush during the second quarter worth $123,000. DRW Securities LLC purchased a new position in Semrush in the 3rd quarter valued at $157,000. Virtu Financial LLC acquired a new position in Semrush in the 3rd quarter valued at $158,000. Finally, Olympiad Research LP purchased a new position in Semrush during the 3rd quarter worth $159,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SEMR has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Semrush in a report on Wednesday, January 15th. Northland Capmk raised Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Northland Securities initiated coverage on shares of Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Jefferies Financial Group boosted their price target on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday. Finally, Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $17.00 to $20.00 in a report on Monday, January 13th. 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. According to data from MarketBeat.com, Semrush currently has an average rating of “Moderate Buy” and an average target price of $17.88.

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.