Q4 2022 EPS Estimates for Semrush Holdings, Inc. Decreased by Analyst (NASDAQ:SEMR)

Semrush Holdings, Inc. (NASDAQ:SEMRGet Rating) – KeyCorp cut their Q4 2022 earnings per share estimates for Semrush in a research note issued to investors on Tuesday, August 2nd. KeyCorp analyst M. Turits now anticipates that the company will post earnings per share of ($0.13) for the quarter, down from their prior forecast of ($0.12). KeyCorp has a “Overweight” rating and a $13.00 price target on the stock. The consensus estimate for Semrush’s current full-year earnings is ($0.38) per share. KeyCorp also issued estimates for Semrush’s FY2023 earnings at ($0.25) EPS.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group decreased their price target on Semrush from $15.00 to $10.00 in a research note on Thursday, May 12th. Morgan Stanley assumed coverage on Semrush in a research note on Monday, June 6th. They issued an “equal weight” rating and a $13.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.83.

Semrush Stock Performance

Semrush stock opened at $13.07 on Thursday. The stock has a 50-day moving average of $12.05 and a two-hundred day moving average of $12.46. Semrush has a one year low of $7.41 and a one year high of $32.48. The stock has a market cap of $1.84 billion, a PE ratio of -261.40 and a beta of 0.85.

Semrush (NASDAQ:SEMRGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Semrush had a negative return on equity of 3.91% and a negative net margin of 3.57%. The company had revenue of $57.13 million for the quarter, compared to the consensus estimate of $55.98 million. During the same quarter last year, the company earned $0.01 earnings per share.

Insider Transactions at Semrush

In other news, CEO Oleg Shchegolev sold 28,912 shares of the firm’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $12.10, for a total value of $349,835.20. Following the completion of the transaction, the chief executive officer now directly owns 2,267,488 shares in the company, valued at $27,436,604.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Oleg Shchegolev sold 28,912 shares of the firm’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $12.10, for a total value of $349,835.20. Following the completion of the transaction, the chief executive officer now directly owns 2,267,488 shares in the company, valued at $27,436,604.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Evgeny Fetisov sold 2,000 shares of Semrush stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $14.22, for a total value of $28,440.00. Following the transaction, the chief financial officer now owns 142,421 shares of the company’s stock, valued at $2,025,226.62. The disclosure for this sale can be found here. Insiders sold a total of 139,162 shares of company stock worth $1,720,303 over the last three months. 61.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SEMR. Cat Rock Capital Management LP raised its position in Semrush by 143.8% during the fourth quarter. Cat Rock Capital Management LP now owns 5,050,026 shares of the company’s stock valued at $105,293,000 after acquiring an additional 2,978,820 shares in the last quarter. Dorsey Asset Management LLC raised its position in Semrush by 31.7% during the first quarter. Dorsey Asset Management LLC now owns 3,445,361 shares of the company’s stock valued at $41,138,000 after acquiring an additional 828,523 shares in the last quarter. Royce & Associates LP acquired a new stake in Semrush in the fourth quarter valued at approximately $14,837,000. Stanley Laman Group Ltd. acquired a new stake in Semrush in the first quarter valued at approximately $5,416,000. Finally, Alpha Square Group S LLC acquired a new stake in Semrush in the first quarter valued at approximately $3,463,000. 15.10% of the stock is currently owned by hedge funds and other institutional investors.

Semrush Company Profile

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Semrush Holdings, Inc develops an online visibility management software-as-a-service platform worldwide. 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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