Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin Sells 276,136 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) President Eugenie Levin sold 276,136 shares of the business's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $15.19, for a total value of $4,194,505.84. Following the transaction, the president now directly owns 449,437 shares in the company, valued at $6,826,948.03. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Eugenie Levin also recently made the following trade(s):

• On Tuesday, April 2nd, Eugenie Levin sold 12,930 shares of Semrush stock. The shares were sold at an average price of $13.19, for a total transaction of $170,546.70.

Semrush Price Performance

NASDAQ:SEMR traded down $0.02 during mid-day trading on Friday, reaching $15.27. The stock had a trading volume of 458,301 shares, compared to its average volume of 569,886. Semrush Holdings, Inc. has a 12 month low of $7.21 and a 12 month high of $15.48. The stock has a market capitalization of $2.21 billion, a PE ratio of 1,531.53 and a beta of 1.57. The stock has a 50-day simple moving average of $12.41 and a two-hundred day simple moving average of $11.67.

Semrush (NASDAQ:SEMR - Get Free Report) last issued its quarterly earnings results 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. 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. Equities analysts expect that Semrush Holdings, Inc. will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in shares of Semrush by 7.5% in the 3rd quarter. Barclays PLC now owns 55,756 shares of the company's stock valued at $474,000 after purchasing an additional 3,914 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Semrush during the 3rd quarter valued at $273,000. Wealthsource Partners LLC grew its position in Semrush by 1.6% during the 3rd quarter. Wealthsource Partners LLC now owns 76,772 shares of the company's stock worth $653,000 after acquiring an additional 1,182 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Semrush by 61.0% in the 3rd quarter. Hsbc Holdings PLC now owns 20,966 shares of the company's stock worth $175,000 after purchasing an additional 7,947 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Semrush in the 3rd quarter worth about $415,000. Institutional investors own 32.86% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on SEMR. KeyCorp began coverage on Semrush in a research report on Thursday, March 21st. They issued an "overweight" rating and a $17.00 target price on the stock. Piper Sandler lowered their target price on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Wednesday, March 6th. Needham & Company LLC boosted their price target on Semrush from $15.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday. The Goldman Sachs Group raised their price objective on Semrush from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 23rd. 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 research report on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Semrush currently has an average rating of "Moderate Buy" and an average target price of $14.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.