Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $18,958.40 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,445 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $13.12, for a total value of $18,958.40. Following the transaction, the director now owns 2,972,163 shares of the company’s stock, valued at $38,994,778.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Semrush Stock Performance

NASDAQ:SEMR opened at $13.32 on Friday. Semrush Holdings, Inc. has a 1 year low of $7.21 and a 1 year high of $14.09. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 1,332.00 and a beta of 1.56. The business has a fifty day moving average of $12.13 and a 200-day moving average of $10.94.

Semrush (NASDAQ:SEMR) last released its quarterly earnings results on Monday, March 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $83.39 million during 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, equities research analysts predict that Semrush Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Semrush

Several institutional investors have recently modified their holdings of the company. Russia Partners Management LLC acquired a new stake in shares of Semrush in the fourth quarter valued at $122,715,000. Cat Rock Capital Management LP lifted its holdings in shares of Semrush by 4.4% in the fourth quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock valued at $117,426,000 after buying an additional 358,386 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Semrush by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 4,118,351 shares of the company’s stock valued at $56,257,000 after buying an additional 96,789 shares during the period. BlackRock Inc. lifted its holdings in shares of Semrush by 139.1% in the second quarter. BlackRock Inc. now owns 3,396,716 shares of the company’s stock valued at $32,507,000 after buying an additional 1,976,368 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of Semrush by 0.3% in the first 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 period. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.