David W. Mason Sells 1,875 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel David W. Mason sold 1,875 shares of Semrush stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.15, for a total value of $32,156.25. Following the completion of the sale, the general counsel now owns 158,415 shares in the company, valued at approximately $2,716,817.25. This trade represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Semrush Price Performance

Shares of Semrush stock opened at $17.38 on Thursday. The business has a 50 day moving average price of $13.98 and a 200 day moving average price of $13.89. The company has a market capitalization of $2.55 billion, a P/E ratio of 218.00 and a beta of 1.69. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $17.95.

Semrush (NASDAQ:SEMR) last issued its quarterly earnings data 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). The company had revenue of $97.41 million during the quarter, compared to analysts’ expectations of $96.49 million. Semrush had a net margin of 3.29% and a return on equity of 4.93%. During the same quarter in the prior year, the company earned $0.03 earnings per share. As a group, research analysts expect that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in shares of Semrush by 2,127.2% during the fourth quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after buying an additional 3,446 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Semrush during the second quarter worth approximately $123,000. Stoneridge Investment Partners LLC purchased a new stake in Semrush in the 4th quarter worth approximately $135,000. DRW Securities LLC acquired a new position in Semrush in the 3rd quarter valued at $157,000. Finally, Virtu Financial LLC purchased a new position in shares of Semrush during the 3rd quarter worth $158,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Morgan Stanley raised shares of Semrush from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Jefferies Financial Group increased their target price on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a report on Monday. Northland Securities initiated coverage on Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. 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. According to data from MarketBeat, Semrush has a consensus rating of “Moderate Buy” and an average price target 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.