Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel David W. Mason Sells 1,549 Shares

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

Semrush Trading Down 0.1 %

Shares of NASDAQ SEMR opened at $12.53 on Friday. The business has a 50-day moving average of $12.25 and a 200-day moving average of $11.50. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 1,254.25 and a beta of 1.57. Semrush Holdings, Inc. has a 12 month low of $7.21 and a 12 month high of $14.09.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on SEMR shares. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Semrush in a research note on Tuesday, March 5th. The Goldman Sachs Group lifted their price objective on shares of Semrush from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. KeyCorp initiated coverage on Semrush in a research report on Thursday, March 21st. They set an “overweight” rating and a $17.00 target price on the stock. Jefferies Financial Group upgraded Semrush from a “hold” rating to a “buy” rating and lifted their price target for the company from $9.00 to $15.00 in a research report on Wednesday, February 7th. Finally, Piper Sandler decreased their price objective on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Semrush currently has an average rating of “Moderate Buy” and a consensus target price of $13.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its holdings in shares of Semrush by 33.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company’s stock worth $75,000 after purchasing an additional 1,378 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Semrush by 20.9% in the 4th quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock worth $123,000 after buying an additional 1,563 shares during the last quarter. Hsbc Holdings PLC boosted its stake in 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 buying an additional 7,947 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Semrush during the fourth quarter valued at approximately $226,000. Finally, Pathstone Family Office LLC purchased a new position in shares of Semrush during the third quarter worth approximately $273,000. Institutional investors own 32.86% of the company’s stock.

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.