Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel Sells $19,548.38 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel David W. Mason sold 1,549 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $12.62, for a total transaction of $19,548.38. Following the completion of the sale, the general counsel now directly owns 163,546 shares of the company’s stock, valued at approximately $2,063,950.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Semrush Stock Performance

SEMR opened at $12.53 on Monday. The company has a fifty day moving average price of $12.25 and a two-hundred day moving average price of $11.54. The firm has a market capitalization of $1.81 billion, a PE ratio of 1,253.00 and a beta of 1.57. Semrush Holdings, Inc. has a 52 week low of $7.21 and a 52 week high of $14.09.

Semrush (NASDAQ:SEMR) last posted its earnings results on Monday, March 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $83.39 million during the quarter, compared to analyst estimates of $83.19 million. Semrush had a return on equity of 0.46% and a net margin of 0.31%. Equities analysts forecast that Semrush Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SEMR shares. Piper Sandler reduced their price target on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. The Goldman Sachs Group increased their price target on Semrush from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, January 23rd. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of Semrush in a research note on Tuesday, March 5th. Jefferies Financial Group raised shares of Semrush from a “hold” rating to a “buy” rating and upped their price objective for the company from $9.00 to $15.00 in a research note on Wednesday, February 7th. Finally, KeyCorp initiated coverage on shares of Semrush in a research report on Thursday, March 21st. They set an “overweight” rating and a $17.00 price objective on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Semrush has an average rating of “Moderate Buy” and an average price target of $13.50.

Institutional Investors Weigh In On Semrush

Institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. lifted its holdings in shares of Semrush by 33.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company’s stock valued at $75,000 after purchasing an additional 1,378 shares in the last quarter. Russell Investments Group Ltd. raised its position in Semrush by 20.9% in the 4th quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock valued at $123,000 after buying an additional 1,563 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Semrush in the 4th quarter valued at approximately $226,000. Hsbc Holdings PLC boosted its position in Semrush by 61.0% during the 3rd quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock worth $175,000 after acquiring an additional 7,947 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Semrush in the fourth quarter valued at approximately $289,000. 32.86% of the stock is owned by institutional investors.

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.