Semrush (NASDAQ:SEMR - Get Free Report) is scheduled to release its earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Semrush has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors interested in participating in the company's conference call can do so using this link.
Semrush (NASDAQ:SEMR - Get Free Report) last posted its earnings results on Monday, March 4th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. Semrush had a return on equity of 0.46% and a net margin of 0.31%. The company had revenue of $83.39 million for the quarter, compared to analyst estimates of $83.19 million. On average, analysts expect Semrush to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Semrush Trading Up 3.5 %
Semrush stock traded up $0.42 during trading on Monday, hitting $12.44. 255,598 shares of the company were exchanged, compared to its average volume of 550,313. The business's 50 day moving average is $12.25 and its 200 day moving average is $11.42. Semrush has a 52 week low of $7.21 and a 52 week high of $14.09. The company has a market capitalization of $1.80 billion, a P/E ratio of 1,245.25 and a beta of 1.56.
Analysts Set New Price Targets
A number of brokerages have issued reports on SEMR. The Goldman Sachs Group upped their price objective on shares of Semrush from $10.00 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 23rd. Piper Sandler dropped their price target on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Wednesday, March 6th. KeyCorp initiated coverage on Semrush in a research note on Thursday, March 21st. They set an "overweight" rating and a $17.00 target price on the stock. Jefferies Financial Group upgraded shares of Semrush from a "hold" rating to a "buy" rating and increased their price target for the company from $9.00 to $15.00 in a research report on Wednesday, February 7th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $15.00 target price on shares of Semrush in a research note on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $13.50.
Check Out Our Latest Analysis on SEMR
Insider Transactions at Semrush
In related news, CEO Oleg Shchegolev sold 19,225 shares of Semrush stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $13.21, for a total value of $253,962.25. Following the completion of the transaction, the chief executive officer now directly owns 4,397,238 shares in the company, valued at approximately $58,087,513.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Semrush news, CEO Oleg Shchegolev sold 19,225 shares of the firm's stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $13.21, for a total value of $253,962.25. Following the completion of the transaction, the chief executive officer now owns 4,397,238 shares in the company, valued at approximately $58,087,513.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Andrew Warden sold 9,355 shares of Semrush stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $13.15, for a total value of $123,018.25. Following the transaction, the chief marketing officer now directly owns 265,471 shares of the company's stock, valued at approximately $3,490,943.65. The disclosure for this sale can be found here. Insiders sold 149,024 shares of company stock worth $1,935,361 over the last quarter. Corporate insiders own 57.83% of the company's stock.
About Semrush
(
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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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