Brian Mulroy Sells 89,079 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 89,079 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $12.89, for a total transaction of $1,148,228.31. Following the transaction, the chief financial officer now owns 441,625 shares in the company, valued at $5,692,546.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Semrush Trading Down 2.6 %

NASDAQ SEMR opened at $12.02 on Tuesday. The company has a fifty day simple moving average of $12.28 and a two-hundred day simple moving average of $11.16. The stock has a market cap of $1.74 billion, a P/E ratio of 1,202.70 and a beta of 1.56. Semrush Holdings, Inc. has a 12-month low of $7.21 and a 12-month high of $14.09.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Russia Partners Management LLC purchased a new position in shares of Semrush during the fourth quarter worth $122,715,000. Barclays PLC raised its holdings in shares of Semrush by 7.5% during the third quarter. Barclays PLC now owns 55,756 shares of the company’s stock worth $474,000 after purchasing an additional 3,914 shares during the last quarter. Algert Global LLC purchased a new position in shares of Semrush during the third quarter worth $415,000. Hsbc Holdings PLC raised its holdings in shares of 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 purchasing an additional 7,947 shares during the last quarter. Finally, Pathstone Family Office LLC purchased a new position in shares of Semrush during the third quarter worth $273,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Analyst Ratings Changes

SEMR has been the topic of a number of recent research reports. KeyCorp initiated coverage on shares of Semrush in a research note on Thursday, March 21st. They set an “overweight” rating and a $17.00 price objective on the stock. Piper Sandler lowered their target price 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 raised their target price on shares of Semrush from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Semrush in a research note on Tuesday, March 5th. Finally, Jefferies Financial Group upgraded shares of Semrush from a “hold” rating to a “buy” rating and raised their target price for the company from $9.00 to $15.00 in a research note on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.