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

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

Semrush Trading Up 1.6 %

SEMR stock opened at $14.43 on Friday. The business has a 50 day simple moving average of $14.03 and a 200-day simple moving average of $13.85. The company has a market capitalization of $2.11 billion, a P/E ratio of 160.33 and a beta of 1.58. Semrush Holdings, Inc. has a twelve month low of $7.36 and a twelve month high of $16.42.

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

Analyst Ratings Changes

SEMR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday. KeyCorp increased their target price on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research report 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Hedge Funds Weigh In On Semrush

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in Semrush by 28.4% during the 2nd 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. acquired a new stake in shares of Semrush during the second quarter worth $123,000. Algert Global LLC lifted its holdings in shares of Semrush by 13.8% during the second quarter. Algert Global LLC now owns 84,931 shares of the company’s stock worth $1,137,000 after purchasing an additional 10,282 shares during the period. SkyView Investment Advisors LLC grew its position in Semrush by 5.1% in the 2nd quarter. SkyView Investment Advisors LLC now owns 216,282 shares of the company’s stock valued at $2,896,000 after buying an additional 10,455 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Semrush by 29.7% in the 2nd quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock valued at $655,000 after buying an additional 11,202 shares during the period. Hedge funds and other 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.