Semrush (SEMR) Set to Announce Quarterly Earnings on Wednesday

Semrush (NASDAQ:SEMRGet Rating) is set to issue its quarterly earnings data after the market closes on Wednesday, August 10th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Semrush has set its FY 2022 guidance at EPS and its Q2 2022 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Semrush (NASDAQ:SEMRGet Rating) last released its earnings results on Tuesday, May 10th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $57.13 million for the quarter, compared to the consensus estimate of $55.98 million. Semrush had a negative return on equity of 3.91% and a negative net margin of 3.57%. During the same period last year, the business earned $0.01 earnings per share. 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 0.8 %

NASDAQ SEMR opened at $12.36 on Wednesday. The stock’s 50 day moving average is $11.88 and its two-hundred day moving average is $12.49. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -247.20 and a beta of 0.86. Semrush has a 1-year low of $7.41 and a 1-year high of $32.48.

Analysts Set New Price Targets

A number of research firms have weighed in on SEMR. Morgan Stanley began coverage on Semrush in a report on Monday, June 6th. They set an “equal weight” rating and a $13.00 price objective on the stock. KeyCorp decreased their price objective on Semrush from $18.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Finally, Jefferies Financial Group decreased their price objective on Semrush from $15.00 to $10.00 in a report on Thursday, May 12th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.83.

Insider Activity

In other news, CFO Evgeny Fetisov sold 2,000 shares of Semrush stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $14.22, for a total value of $28,440.00. Following the completion of the transaction, the chief financial officer now owns 142,421 shares in the company, valued at $2,025,226.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Oleg Shchegolev sold 39,451 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $12.26, for a total value of $483,669.26. Following the completion of the transaction, the chief executive officer now owns 2,215,019 shares in the company, valued at approximately $27,156,132.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Evgeny Fetisov sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $14.22, for a total transaction of $28,440.00. Following the completion of the transaction, the chief financial officer now owns 142,421 shares of the company’s stock, valued at approximately $2,025,226.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,220 shares of company stock worth $1,262,402. Insiders own 61.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Clearbridge Investments LLC raised its position in Semrush by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 1,537,272 shares of the company’s stock worth $18,355,000 after purchasing an additional 4,150 shares during the last quarter. Bank of New York Mellon Corp raised its position in Semrush by 30.1% in the 1st quarter. Bank of New York Mellon Corp now owns 23,493 shares of the company’s stock worth $281,000 after purchasing an additional 5,433 shares during the last quarter. KB Financial Partners LLC raised its position in Semrush by 43.8% in the 1st quarter. KB Financial Partners LLC now owns 40,156 shares of the company’s stock worth $479,000 after purchasing an additional 12,229 shares during the last quarter. Bank of America Corp DE raised its position in Semrush by 9.0% in the 1st quarter. Bank of America Corp DE now owns 157,376 shares of the company’s stock worth $1,879,000 after purchasing an additional 13,024 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Semrush during the 1st quarter valued at $156,000. Institutional investors own 15.10% of the company’s stock.

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.

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