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 stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.11, for a total value of $258,241.23. Following the completion of the sale, the president now owns 493,456 shares in the company, valued at $8,443,032.16. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 shares were 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 stock was sold at an average price of $11.74, for a total value of $81,510.82.

Semrush Stock Performance

Shares of NASDAQ:SEMR traded up $0.08 during midday trading on Tuesday, reaching $17.46. 591,559 shares of the company’s stock traded hands, compared to its average volume of 731,103. Semrush Holdings, Inc. has a one year low of $9.64 and a one year high of $17.95. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 218.21 and a beta of 1.69. The stock has a 50 day moving average of $13.83 and a 200 day moving average of $13.84.

Semrush (NASDAQ:SEMR) last posted its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $96.49 million. During the same quarter in the prior year, the company posted $0.03 EPS. Sell-side analysts predict that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Semrush

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new stake in Semrush during the second quarter valued at $123,000. Stoneridge Investment Partners LLC bought a new stake in shares of Semrush during the 4th quarter valued at about $135,000. DRW Securities LLC bought a new position in shares of Semrush in the 3rd quarter worth approximately $157,000. Virtu Financial LLC bought a new stake in Semrush during the third quarter valued at approximately $158,000. Finally, Olympiad Research LP purchased a new stake in Semrush during the third quarter valued at approximately $159,000. 32.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Semrush in a research report on Wednesday, January 15th. Northland Capmk raised Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Northland Securities started coverage on Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target on the stock. The Goldman Sachs Group increased their price objective on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, Morgan Stanley raised shares of Semrush from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Two 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.88.

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.