Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells $4,194,505.84 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 276,136 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $15.19, for a total value of $4,194,505.84. Following the completion of the sale, the president now owns 449,437 shares in the company, valued at approximately $6,826,948.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, April 2nd, Eugenie Levin sold 12,930 shares of Semrush stock. The stock was sold at an average price of $13.19, for a total value of $170,546.70.

Semrush Price Performance

NASDAQ SEMR opened at $15.26 on Monday. The company has a market cap of $2.21 billion, a PE ratio of 169.56 and a beta of 1.57. The stock’s 50 day simple moving average is $12.47 and its 200-day simple moving average is $11.77. Semrush Holdings, Inc. has a 1-year low of $7.21 and a 1-year high of $15.48.

Semrush (NASDAQ:SEMR) last released its earnings results on Monday, March 4th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $83.39 million for the quarter, compared to the consensus estimate of $83.19 million. Semrush had a return on equity of 6.05% and a net margin of 4.01%. On average, equities research analysts anticipate that Semrush Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Semrush

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in Semrush by 33.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company’s stock worth $75,000 after buying an additional 1,378 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Semrush by 20.9% during the fourth quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock worth $123,000 after buying an additional 1,563 shares in the last quarter. Hsbc Holdings PLC lifted its position in Semrush by 61.0% during the third quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock worth $175,000 after buying an additional 7,947 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Semrush during the fourth quarter worth approximately $226,000. Finally, Pathstone Family Office LLC purchased a new position in Semrush during the third quarter worth approximately $273,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. KeyCorp assumed coverage on Semrush in a research note on Thursday, March 21st. They issued an “overweight” rating and a $17.00 target price on the stock. The Goldman Sachs Group upped their price target on Semrush from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, January 23rd. Jefferies Financial Group raised Semrush from a “hold” rating to a “buy” rating and upped their price target for the stock from $9.00 to $15.00 in a report on Wednesday, February 7th. Needham & Company LLC upped their price target on Semrush from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Piper Sandler reduced their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.00.

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.