Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel David W. Mason Sells 1,549 Shares

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

Semrush Trading Down 0.1 %

SEMR stock opened at $12.53 on Friday. Semrush Holdings, Inc. has a 12-month low of $7.21 and a 12-month high of $14.09. The business’s 50-day moving average is $12.25 and its 200 day moving average is $11.50. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 1,253.00 and a beta of 1.57.

Semrush (NASDAQ:SEMR) last issued 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 return on equity of 0.46% and a net margin of 0.31%. The firm had revenue of $83.39 million for the quarter, compared to analyst estimates of $83.19 million. As a group, equities analysts forecast that Semrush Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Semrush

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. raised its position 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 buying an additional 1,378 shares during the last quarter. Russell Investments Group Ltd. raised its holdings 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 acquiring an additional 1,563 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Semrush by 61.0% in the 3rd quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock worth $175,000 after purchasing an additional 7,947 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Semrush during the 4th quarter worth approximately $226,000. Finally, Pathstone Family Office LLC purchased a new stake in shares of Semrush in the third quarter valued at approximately $273,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SEMR. The Goldman Sachs Group increased their target price on shares of Semrush from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. Piper Sandler reduced their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Jefferies Financial Group raised Semrush from a “hold” rating to a “buy” rating and raised their price objective for the company from $9.00 to $15.00 in a report on Wednesday, February 7th. KeyCorp began coverage on Semrush in a research note on Thursday, March 21st. They set an “overweight” rating and a $17.00 target price for the company. Finally, 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus 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.