Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov Sells 1,896 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,896 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $13.63, for a total transaction of $25,842.48. Following the sale, the director now directly owns 2,982,291 shares in the company, valued at $40,648,626.33. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Semrush Stock Up 0.3 %

SEMR stock opened at $13.50 on Friday. The company’s fifty day simple moving average is $14.49 and its 200 day simple moving average is $13.06. Semrush Holdings, Inc. has a 12-month low of $7.36 and a 12-month high of $16.42. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 149.56 and a beta of 1.59.

Semrush (NASDAQ:SEMR) last announced its earnings results on Monday, May 6th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $85.81 million for the quarter, compared to analyst estimates of $85.10 million. Semrush had a return on equity of 6.05% and a net margin of 4.01%. Research analysts expect that Semrush Holdings, Inc. will post 0.12 earnings per share for the current year.

Institutional Trading of Semrush

Several hedge funds have recently modified their holdings of SEMR. SkyView Investment Advisors LLC increased its position in Semrush by 8.9% in the 1st quarter. SkyView Investment Advisors LLC now owns 205,827 shares of the company’s stock valued at $2,729,000 after buying an additional 16,738 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Semrush in the first quarter valued at approximately $543,000. Silvercrest Asset Management Group LLC bought a new stake in shares of Semrush during the first quarter valued at approximately $2,705,000. Quadrature Capital Ltd acquired a new position in shares of Semrush during the fourth quarter worth approximately $289,000. Finally, G2 Investment Partners Management LLC bought a new position in shares of Semrush in the 4th quarter worth $10,597,000. Institutional investors own 32.86% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on SEMR shares. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Thursday, May 16th. KeyCorp began coverage on Semrush in a research report on Thursday, March 21st. They issued an “overweight” rating and a $17.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $14.00.

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.