Semrush (SEMR) Set to Announce Quarterly Earnings on Monday

Semrush (NASDAQ:SEMR) is scheduled to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Semrush has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Semrush (NASDAQ:SEMR) last issued its quarterly earnings results on Monday, March 4th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $83.39 million for 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%. On average, analysts expect Semrush to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Semrush Trading Up 1.4 %

Shares of Semrush stock opened at $12.02 on Monday. The business’s fifty day simple moving average is $12.25 and its 200 day simple moving average is $11.39. The firm has a market capitalization of $1.74 billion, a P/E ratio of 1,202.00 and a beta of 1.56. Semrush has a 12 month low of $7.21 and a 12 month high of $14.09.

Insider Activity

In other news, President Eugenie Levin sold 12,930 shares of Semrush stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $13.19, for a total value of $170,546.70. Following the completion of the transaction, the president now directly owns 449,437 shares in the company, valued at $5,928,074.03. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CMO Andrew Warden sold 9,355 shares of Semrush stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $13.15, for a total value of $123,018.25. Following the completion of the transaction, the chief marketing officer now directly owns 265,471 shares in the company, valued at $3,490,943.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Eugenie Levin sold 12,930 shares of Semrush stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $13.19, for a total value of $170,546.70. Following the completion of the transaction, the president now owns 449,437 shares of the company’s stock, valued at $5,928,074.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,024 shares of company stock worth $1,935,361. 57.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.