Semrush (SEMR) to Release Earnings on Monday

Semrush (NASDAQ:SEMR) is scheduled to be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect Semrush to post earnings of $0.04 per share for the quarter. Semrush has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Semrush (NASDAQ:SEMR) last released its earnings results on Monday, March 4th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $83.39 million for the quarter, compared to analysts’ expectations of $83.19 million. Semrush had a return on equity of 0.46% and a net margin of 0.31%. On average, analysts expect Semrush to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Semrush Price Performance

NASDAQ:SEMR opened at $12.53 on Friday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 1,254.25 and a beta of 1.57. The business has a 50 day moving average of $12.25 and a 200 day moving average of $11.47. Semrush has a 1-year low of $7.21 and a 1-year high of $14.09.

Insider Activity

In related news, COO Vitalii Obishchenko sold 15,114 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $13.20, for a total value of $199,504.80. Following the completion of the transaction, the chief operating officer now directly owns 908,663 shares of the company’s stock, valued at $11,994,351.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Vitalii Obishchenko sold 15,114 shares of Semrush stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $13.20, for a total transaction of $199,504.80. Following the sale, the chief operating officer now directly owns 908,663 shares in the company, valued at $11,994,351.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Mulroy sold 89,079 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $12.89, for a total value of $1,148,228.31. Following the completion of the sale, the chief financial officer now directly owns 441,625 shares in the company, valued at $5,692,546.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,697 shares of company stock valued at $1,933,767. Corporate insiders own 57.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.