Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) General Counsel David W. Mason sold 1,549 shares of the stock in a transaction on Thursday, May 2nd. The stock was 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 approximately $2,063,950.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Semrush Stock Performance
NASDAQ:SEMR opened at $12.53 on Friday. The firm has a 50-day simple moving average of $12.25 and a 200-day simple moving average of $11.50. Semrush Holdings, Inc. has a one year low of $7.21 and a one year high of $14.09. The firm has a market cap of $1.81 billion, a P/E ratio of 1,254.25 and a beta of 1.57.
Semrush (NASDAQ:SEMR - Get Free Report) last issued its quarterly earnings data on Monday, March 4th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $83.39 million for the quarter, compared to analyst estimates of $83.19 million. Semrush had a net margin of 0.31% and a return on equity of 0.46%. On average, research analysts predict that Semrush Holdings, Inc. will post 0.12 EPS for the current fiscal year.
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A number of research analysts have recently commented on the stock. KeyCorp started coverage on shares of Semrush in a report on Thursday, March 21st. They issued an "overweight" rating and a $17.00 price target on the stock. Needham & Company LLC restated 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 target 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. Piper Sandler lowered their price target on Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Wednesday, March 6th. Finally, Jefferies Financial Group upgraded Semrush from a "hold" rating to a "buy" rating and raised their price objective for the stock from $9.00 to $15.00 in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.
Get Our Latest Stock Report on Semrush
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in SEMR. Russia Partners Management LLC bought a new stake in Semrush during the fourth quarter valued at about $122,715,000. Cat Rock Capital Management LP lifted its position in shares of Semrush by 4.4% during 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 buying an additional 358,386 shares during the last quarter. G2 Investment Partners Management LLC purchased a new stake in shares of Semrush during the fourth quarter valued at about $10,597,000. Mutual of America Capital Management LLC bought a new stake in shares of Semrush in the 4th quarter valued at about $1,167,000. Finally, Wealthsource Partners LLC grew its position in shares of Semrush by 1.6% in the 3rd quarter. Wealthsource Partners LLC now owns 76,772 shares of the company's stock worth $653,000 after buying an additional 1,182 shares during the last quarter. 32.86% of the stock is owned by institutional investors.
Semrush Company Profile
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Get Free Report)
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.
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