Eugenie Levin Sells 43,200 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 43,200 shares of Semrush stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $15.39, for a total value of $664,848.00. Following the completion of the sale, the president now directly owns 537,349 shares in the company, valued at $8,269,801.11. This trade represents a 7.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, January 21st, Eugenie Levin sold 28,800 shares of Semrush stock. The stock was sold at an average price of $16.29, for a total value of $469,152.00.
• 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 Stock Performance

SEMR opened at $15.75 on Thursday. The stock’s 50 day moving average price is $13.34 and its 200-day moving average price is $13.65. Semrush Holdings, Inc. has a one year low of $9.64 and a one year high of $16.95. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 196.91 and a beta of 1.62.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). Semrush had a net margin of 3.29% and a return on equity of 4.93%. The business had revenue of $97.41 million during the quarter, compared to the consensus estimate of $96.49 million. During the same period last year, the company earned $0.03 EPS. As a group, analysts predict that Semrush Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Semrush

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Verition Fund Management LLC grew its stake in Semrush by 278.9% in the 3rd quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock worth $2,113,000 after acquiring an additional 99,021 shares in the last quarter. Barclays PLC boosted its holdings in shares of Semrush by 115.2% in the third quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after purchasing an additional 54,830 shares during the period. VELA Investment Management LLC bought a new position in Semrush in the third quarter worth approximately $701,000. Renaissance Technologies LLC purchased a new position in Semrush during the 2nd quarter worth $3,732,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Semrush during the 2nd quarter valued at $3,006,000. Institutional investors own 32.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SEMR. Northland Securities initiated coverage on shares of Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Semrush in a report on Wednesday, January 15th. JPMorgan Chase & Co. increased 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. The Goldman Sachs Group boosted their price objective on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Finally, KeyCorp lifted their target price on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.