Director of Semrush Holdings, Inc. (NASDAQ:SEMR) Mark Vranesh sells 7,500 shares

Semrush Holdings, Inc. (NASDAQ:SEMR – Get Your Free Report ) Director Mark Vranesh sold 7,500 shares of Semrush stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $15.51, for a total value of $116,325.00. Following the completion of the sale, the director now directly owns 113,731 shares of the company’s stock, valued at $1,763,967.81. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC’s website.

Semrush price performance

Shares of Semrush stock traded down $0.02 during trading on Thursday, hitting $14.20. 449,858 shares of the company exchanged hands, compared to its average volume of 525,787. The firm has a market cap of $2.06 billion, a P/E ratio of 157.78 and a beta of 1.58. The company’s fifty day moving average price is $14.04 and its 200 day moving average price is $13.83. Semrush Holdings, Inc. has a 1 year low of $7.36 and a 1 year high of $16.42.

Semrush (NASDAQ:SEMR – Get Your Free Report ) last released its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Semrush had a net margin of 4.39% and a return on equity of 6.61%. The firm had revenue of $90.95 million for the quarter, compared to analyst estimates of $89.70 million. As a group, equities research analysts anticipate that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Institutional Trading of Semrush

A number of large investors have recently made changes to their positions in the company. G2 Investment Partners Management LLC bought a new position in Semrush in the fourth quarter valued at about $10,597,000. Cat Rock Capital Management LP boosted its holdings in shares of Semrush by 4.4% in the fourth quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock worth $117,426,000 after purchasing an additional 358,386 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Semrush in the second quarter worth approximately $3,732,000. Federated Hermes Inc. boosted its holdings in shares of Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after buying an additional 236,010 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Semrush in the second quarter valued at about $3,006,000. Institutional investors own 32.86% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several equities analysts recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Semrush in a report on Wednesday. KeyCorp upped their target price on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Semrush presently has an average rating of “Moderate Buy” and an average price target of $15.00, based on data from MarketBeat.com.

Check out the latest stock report on SEMR

Semrush Company Profile

(Get a free report)

Semrush Holdings, Inc develops a software platform as a service for online visibility management in the United States, United Kingdom and internationally. The company enables businesses to identify and reach the right audience for their content through the right channels. Its platform enables the company’s clients to understand trends and act on insights to increase online visibility and drive traffic to their websites and social media pages as well as online listings, deliver targeted content to their customers and measure digital marketing campaigns.

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