The provided HTML code is an article that discusses Semrush Holdings Inc.’s (SEMR) stock performance, analyst ratings, institutional investor sentiment, and company financials. The article highlights the following key points:The provided HTML code is an article that discusses Semrush Holdings Inc.’s (SEMR) stock performance, analyst ratings, institutional investor sentiment, and company financials. The article highlights the following key points: * Semrush has received a consensus “Moderate Buy” rating from six research firms, with three recommending a hold and three issuing a buy recommendation. * The average 12-month price objective among analysts is $14.00. * Needham & Company reiterated a “buy” rating and set a $18.00 price target on Semrush on July 16th. * Insiders have sold a significant number of shares in the past three months. * Institutional investors have increased their stakes in Semrush, with 32.86% of the company’s shares now held by hedge funds and other institutional investors. * Semrush reported earnings per share of $0.01 for the most recent quarter, meeting analysts’ expectations, with revenue of $85.81 million. * Analysts expect Semrush to post earnings per share of $0.12 for the current fiscal year. * Semrush provides online visibility management software and services to businesses.
Semrush Holdings, Inc. (NASDAQ:SEMR – Get Free Report) has received a consensus rating of “Moderate Buy” from the six research firms currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating for the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $14.00.
Separately, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Tuesday, July 16th.
Get our latest stock analysis on Semrush
Insiders place their bets
In other news, CMO Andrew Warden sold 4,154 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $13.69, for a total transaction value of $56,868.26. Following the completion of the transaction, the chief marketing officer now owns 261,317 shares of the company’s stock, valued at approximately $3,577,429.73. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In related news, CMO Andrew Warden sold 4,154 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $13.69, for a total transaction value of $56,868.26. Following the completion of the transaction, the chief marketing officer now owns 261,317 shares of the company’s stock, valued at approximately $3,577,429.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, available on the SEC website. Also, Director Mark Vranesh sold 7,500 shares of the company’s stock in a transaction dated Monday, July 1. The shares were sold at an average price of $13.35, for a total transaction of $100,125.00. Following the completion of the transaction, the Director now owns 121,231 shares of the company’s stock, valued at $1,618,433.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 333,390 shares of the company’s stock for $4,992,290. 57.83% of the shares are held by company insiders.
Institutional investors weigh in on Semrush
Hedge funds and other institutional investors have recently added to and reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. purchased a new position in Semrush during the fourth quarter worth approximately $226,000. Mutual of America Capital Management LLC acquired a new stake in Semrush during the fourth quarter worth approximately $1,167,000. Russia Partners Management LLC purchased a new stake in Semrush during the fourth quarter worth approximately $122,715,000. Russell Investments Group Ltd. increased its stake in Semrush by 20.9% during the fourth quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock worth $123,000 after purchasing an additional 1,563 shares during the last quarter. Finally, Swiss National Bank increased its stake in Semrush by 8.1% during the fourth quarter. Swiss National Bank now owns 70,400 shares of the company’s stock, worth $962,000, after purchasing an additional 5,300 shares in the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s shares.
Semrush Price Performance
Shares of Semrush opened at $14.55 on Wednesday. Semrush has a one-year low of $7.36 and a one-year high of $16.42. The company’s fifty day moving average price is $14.39 and its two-hundred day moving average price is $13.09. The company has a market cap of $2.11 billion, a price to earnings ratio of 161.67, and a beta of 1.59.
Semrush (NASDAQ:SEMR – Get Free Report) last released its quarterly earnings results on Monday, May 06. The company reported $0.01 earnings per share for the quarter, which met analysts’ consensus estimates of $0.01. The company had revenue of $85.81 million for the quarter, compared to analysts’ expectations of $85.10 million. Semrush had a net margin of 4.01% and a return on equity of 6.05%. On average, analysts expect Semrush to post 0.12 earnings per share for the current fiscal year.
About Semrush
(Get Free Report
Semrush Holdings, Inc. develops an online visibility management software-as-a-service platform 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. The platform enables the company’s clients to understand trends and act on insights to improve online visibility and drive traffic to their websites and social media pages, as well as online mentions, distribute targeted content to their customers, and measure digital marketing campaigns.
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