Mark Vranesh Sells 7,500 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Mark Vranesh sold 7,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $15.51, for a total value of $116,325.00. Following the completion of the sale, the director now owns 113,731 shares in the company, valued at $1,763,967.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Semrush Stock Performance

SEMR stock opened at $14.43 on Friday. The company’s 50 day moving average price is $14.04 and its 200 day moving average price is $13.83. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 160.33 and a beta of 1.58. Semrush Holdings, Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $16.42.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $90.95 million during the quarter, compared to analysts’ expectations of $89.70 million. Semrush had a net margin of 4.39% and a return on equity of 6.61%. Equities analysts forecast that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SEMR. KeyCorp boosted their price target on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Semrush in a research report on Wednesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.00.

Institutional Trading of Semrush

Institutional investors have recently bought and sold shares of the business. G2 Investment Partners Management LLC purchased a new position in shares of Semrush in the 4th quarter valued at about $10,597,000. Cat Rock Capital Management LP increased its stake in Semrush by 4.4% in the fourth quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock valued at $117,426,000 after purchasing an additional 358,386 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Semrush during the second quarter worth approximately $3,732,000. Federated Hermes Inc. lifted its position in shares of Semrush by 385.0% during the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after buying an additional 236,010 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Semrush in the 2nd quarter valued at $3,006,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

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.