Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) Director Dmitry Melnikov sold 1,896 shares of the business's stock in a transaction on Friday, July 5th. The stock was sold at an average price of $13.63, for a total transaction of $25,842.48. Following the transaction, the director now directly owns 2,982,291 shares in the company, valued at approximately $40,648,626.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Semrush Trading Down 0.2 %
Semrush stock opened at $13.48 on Wednesday. Semrush Holdings, Inc. has a 1 year low of $7.36 and a 1 year high of $16.42. The company has a market cap of $1.96 billion, a PE ratio of 150.11 and a beta of 1.59. The company's 50-day moving average is $14.45 and its two-hundred day moving average is $13.06.
Semrush (NASDAQ:SEMR - Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. The company had revenue of $85.81 million during the quarter, compared to analysts' expectations of $85.10 million. Semrush had a return on equity of 6.05% and a net margin of 4.01%. Research analysts forecast that Semrush Holdings, Inc. will post 0.12 EPS for the current year.
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A number of large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. raised its holdings in Semrush by 33.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company's stock worth $75,000 after buying an additional 1,378 shares during the period. Russell Investments Group Ltd. raised its holdings in Semrush by 20.9% during the 4th quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company's stock worth $123,000 after buying an additional 1,563 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in Semrush during the 4th quarter worth approximately $226,000. Hsbc Holdings PLC raised its holdings in Semrush by 61.0% during the 3rd quarter. Hsbc Holdings PLC now owns 20,966 shares of the company's stock worth $175,000 after buying an additional 7,947 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Semrush in the fourth quarter valued at approximately $289,000. 32.86% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. KeyCorp assumed coverage on shares of Semrush in a report on Thursday, March 21st. They issued an "overweight" rating and a $17.00 price target 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 Thursday, May 16th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $14.00.
Get Our Latest Analysis on Semrush
Semrush Company Profile
(
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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