Semrush Holdings, Inc. (NASDAQ:SEMR) Expected to Announce Earnings of -$0.05 Per Share

Wall Street analysts expect Semrush Holdings, Inc. (NASDAQ:SEMRGet Rating) to announce earnings of ($0.05) per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Semrush’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.08). The business is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Semrush will report full year earnings of ($0.20) per share for the current fiscal year, with EPS estimates ranging from ($0.32) to ($0.14). For the next fiscal year, analysts expect that the firm will post earnings of ($0.08) per share, with EPS estimates ranging from ($0.29) to $0.07. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Semrush.

Semrush (NASDAQ:SEMRGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. Semrush had a negative net margin of 3.57% and a negative return on equity of 4.19%. During the same period in the previous year, the firm earned $0.01 earnings per share.

SEMR has been the subject of several research analyst reports. Piper Sandler reduced their price target on shares of Semrush from $24.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, March 2nd. Jefferies Financial Group reduced their price target on shares of Semrush from $15.00 to $10.00 in a research report on Thursday. KeyCorp reduced their price target on shares of Semrush from $18.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, April 25th. Finally, Stifel Nicolaus reduced their price target on shares of Semrush from $25.00 to $20.00 in a research report on Tuesday, March 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $18.67.

In other news, CRO Delbert M. Humenik sold 4,034 shares of the stock in a transaction on Friday, April 1st. The shares were sold at an average price of $11.18, for a total transaction of $45,100.12. Following the transaction, the executive now owns 93,081 shares in the company, valued at approximately $1,040,645.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 61.90% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its stake in Semrush by 961.4% in the 1st quarter. Renaissance Technologies LLC now owns 186,800 shares of the company’s stock valued at $2,230,000 after buying an additional 169,200 shares during the last quarter. Northern Trust Corp grew its stake in Semrush by 48.9% in the 1st quarter. Northern Trust Corp now owns 44,138 shares of the company’s stock valued at $527,000 after buying an additional 14,504 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new position in Semrush in the 1st quarter valued at $156,000. Clearbridge Investments LLC grew its stake in Semrush by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 1,537,272 shares of the company’s stock valued at $18,355,000 after buying an additional 4,150 shares during the last quarter. Finally, Next Century Growth Investors LLC grew its stake in Semrush by 27.8% in the 1st quarter. Next Century Growth Investors LLC now owns 816,815 shares of the company’s stock valued at $9,752,000 after buying an additional 177,865 shares during the last quarter. Institutional investors and hedge funds own 15.10% of the company’s stock.

Shares of NASDAQ:SEMR opened at $9.53 on Wednesday. The company has a market cap of $1.34 billion, a PE ratio of -190.60 and a beta of 2.53. Semrush has a 52 week low of $7.41 and a 52 week high of $32.48. The firm has a 50 day simple moving average of $10.74 and a 200 day simple moving average of $16.29.

Semrush Company Profile (Get Rating)

Semrush Holdings, Inc develops an online visibility management software-as-a-service platform worldwide. 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.

Further Reading

Get a free copy of the Zacks research report on Semrush (SEMR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Semrush Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semrush and related companies with MarketBeat.com's FREE daily email newsletter.