Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel Sells 1,549 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel David W. Mason sold 1,549 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $12.62, for a total value of $19,548.38. Following the transaction, the general counsel now directly owns 163,546 shares of the company’s stock, valued at approximately $2,063,950.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Semrush Price Performance

Shares of Semrush stock opened at $12.53 on Monday. 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 $1.81 billion, a PE ratio of 1,253.00 and a beta of 1.57. The firm has a fifty day moving average price of $12.25 and a 200 day moving average price of $11.54.

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

Institutional Investors Weigh In On Semrush

Hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. increased its holdings in shares of Semrush by 33.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company’s stock valued at $75,000 after purchasing an additional 1,378 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Semrush by 20.9% in the fourth quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock valued at $123,000 after buying an additional 1,563 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Semrush by 61.0% in the third quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock worth $175,000 after acquiring an additional 7,947 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Semrush during the 4th quarter worth about $226,000. Finally, Pathstone Family Office LLC acquired a new stake in shares of Semrush during the 3rd quarter valued at about $273,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Analyst Ratings Changes

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