Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells 28,800 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 28,800 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $16.29, for a total transaction of $469,152.00. Following the completion of the transaction, the president now directly owns 508,549 shares of the company’s stock, valued at approximately $8,284,263.21. This trade represents a 5.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Eugenie Levin also recently made the following trade(s):

• On Friday, January 17th, Eugenie Levin sold 43,200 shares of Semrush stock. The stock was sold at an average price of $15.39, for a total value of $664,848.00.
• On Tuesday, January 7th, Eugenie Levin sold 6,943 shares of Semrush stock. The stock was sold at an average price of $11.74, for a total value of $81,510.82.

Semrush Price Performance

SEMR stock traded down $0.71 during midday trading on Wednesday, hitting $15.75. The stock had a trading volume of 1,338,487 shares, compared to its average volume of 717,853. The firm has a market cap of $2.31 billion, a PE ratio of 196.91 and a beta of 1.62. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $16.95. The company’s 50-day moving average price is $13.30 and its 200 day moving average price is $13.63.

Semrush (NASDAQ:SEMR) last released its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The company had revenue of $97.41 million during the quarter, compared to analysts’ expectations of $96.49 million. Semrush had a net margin of 3.29% and a return on equity of 4.93%. During the same quarter in the previous year, the firm posted $0.03 earnings per share. As a group, sell-side analysts anticipate that Semrush Holdings, Inc. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in shares of Semrush by 329.4% in the 4th quarter. SG Americas Securities LLC now owns 56,089 shares of the company’s stock worth $666,000 after purchasing an additional 43,027 shares during the period. Dakota Wealth Management acquired a new stake in Semrush during the 4th quarter worth approximately $199,000. JPMorgan Chase & Co. raised its holdings in Semrush by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock valued at $6,080,000 after buying an additional 3,244 shares during the period. Principal Financial Group Inc. acquired a new position in Semrush during the third quarter valued at approximately $454,000. Finally, Virtu Financial LLC purchased a new stake in Semrush during the third quarter worth approximately $158,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SEMR shares. The Goldman Sachs Group lifted their price target on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. KeyCorp lifted their target price on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price target on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $17.13.

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.