Eugenie Levin Sells 15,093 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 15,093 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.11, for a total transaction of $258,241.23. Following the transaction, the president now owns 493,456 shares in the company, valued at $8,443,032.16. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, January 21st, Eugenie Levin sold 28,800 shares of Semrush stock. The shares were sold at an average price of $16.29, for a total value of $469,152.00.
• 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 shares were sold at an average price of $11.74, for a total value of $81,510.82.

Semrush Price Performance

Shares of NASDAQ SEMR traded up $0.08 during mid-day trading on Tuesday, reaching $17.46. 591,559 shares of the company’s stock were exchanged, compared to its average volume of 731,103. The firm has a 50-day moving average price of $13.83 and a two-hundred day moving average price of $13.84. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 218.21 and a beta of 1.69. Semrush Holdings, Inc. has a 52 week low of $9.64 and a 52 week high of $17.95.

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

Analyst Ratings Changes

A number of analysts have commented on SEMR shares. Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Jefferies Financial Group boosted their target price on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Capmk raised Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Northland Securities initiated coverage on Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective on the stock. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SEMR. Principal Financial Group Inc. increased its stake in shares of Semrush by 10.6% in the fourth quarter. Principal Financial Group Inc. now owns 31,959 shares of the company’s stock worth $380,000 after purchasing an additional 3,059 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Semrush by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock worth $6,080,000 after acquiring an additional 3,244 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Semrush by 28.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after acquiring an additional 3,706 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Semrush in the second quarter valued at $123,000. Finally, DRW Securities LLC bought a new position in Semrush in the 3rd quarter worth about $157,000. 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.