Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) CFO Brian Mulroy sold 89,079 shares of Semrush stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $12.89, for a total value of $1,148,228.31. Following the completion of the sale, the chief financial officer now directly owns 441,625 shares in the company, valued at $5,692,546.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Semrush Stock Performance
Shares of Semrush stock traded down $0.31 during trading hours on Monday, hitting $12.02. The company's stock had a trading volume of 505,315 shares, compared to its average volume of 585,700. Semrush Holdings, Inc. has a twelve month low of $7.21 and a twelve month high of $14.09. The firm has a fifty day moving average of $12.28 and a 200-day moving average of $11.16. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 1,202.70 and a beta of 1.56.
Semrush (NASDAQ:SEMR - Get Free Report) last announced its quarterly earnings results on Monday, March 4th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. Semrush had a return on equity of 0.46% and a net margin of 0.31%. The business had revenue of $83.39 million for the quarter, compared to analyst estimates of $83.19 million. On average, sell-side analysts expect that Semrush Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Semrush
Several hedge funds have recently bought and sold shares of SEMR. JPMorgan Chase & Co. lifted its stake in Semrush by 30.8% during the 1st quarter. JPMorgan Chase & Co. now owns 319,225 shares of the company's stock worth $3,811,000 after acquiring an additional 75,085 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Semrush by 30.1% during the 1st quarter. Bank of New York Mellon Corp now owns 23,493 shares of the company's stock worth $281,000 after acquiring an additional 5,433 shares in the last quarter. BlackRock Inc. lifted its stake in Semrush by 43.0% during the 1st quarter. BlackRock Inc. now owns 345,138 shares of the company's stock worth $4,121,000 after acquiring an additional 103,700 shares in the last quarter. Vanguard Group Inc. lifted its stake in Semrush by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 2,208,224 shares of the company's stock worth $26,366,000 after acquiring an additional 207,665 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Semrush by 0.3% during the 1st quarter. Clearbridge Investments LLC now owns 1,537,272 shares of the company's stock worth $18,355,000 after acquiring an additional 4,150 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company's stock.
Analysts Set New Price Targets
Several brokerages have issued reports on SEMR. KeyCorp began coverage on Semrush in a report on Thursday, March 21st. They issued an "overweight" rating and a $17.00 target price for the company. The Goldman Sachs Group upped their target price on Semrush from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, January 23rd. Needham & Company LLC restated a "buy" rating and issued a $15.00 target price on shares of Semrush in a report on Tuesday, March 5th. Piper Sandler dropped their target price 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 upped their target price for the company from $9.00 to $15.00 in a report on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $13.50.
Check Out Our Latest Analysis on SEMR
About Semrush
(
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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