Mark Vranesh Sells 7,500 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Mark Vranesh sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $13.35, for a total transaction of $100,125.00. Following the sale, the director now directly owns 121,231 shares of the company’s stock, valued at $1,618,433.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Semrush Price Performance

SEMR opened at $13.83 on Thursday. The firm has a market cap of $2.01 billion, a P/E ratio of 152.33 and a beta of 1.59. Semrush Holdings, Inc. has a 1-year low of $7.36 and a 1-year high of $16.42. The company has a 50 day simple moving average of $14.33 and a two-hundred day simple moving average of $13.03.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Semrush had a net margin of 4.01% and a return on equity of 6.05%. The business had revenue of $85.81 million during the quarter, compared to analyst estimates of $85.10 million. Equities analysts anticipate that Semrush Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

SEMR has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of Semrush in a report on Thursday, May 16th. KeyCorp initiated coverage on shares of Semrush in a report on Thursday, March 21st. They set an “overweight” rating and a $17.00 target price for the company. Finally, Piper Sandler reduced their target price on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.00.

Hedge Funds Weigh In On Semrush

A number of hedge funds and other institutional investors have recently modified their holdings of SEMR. Russia Partners Management LLC bought a new position in shares of Semrush during the fourth quarter worth $122,715,000. G2 Investment Partners Management LLC bought a new position in shares of Semrush during the fourth quarter worth $10,597,000. Cat Rock Capital Management LP boosted its position in shares of Semrush by 4.4% during the fourth quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock worth $117,426,000 after acquiring an additional 358,386 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new position in shares of Semrush during the first quarter worth $2,705,000. Finally, Mutual of America Capital Management LLC purchased a new stake in Semrush during the fourth quarter valued at $1,167,000. Institutional investors own 32.86% of the company’s stock.

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.