Analysts expect Semrush Holdings, Inc. (NASDAQ: SEMR – Get Rating) to report sales of $ 59.01 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Semrush’s earnings. The lowest sales estimate is $ 58.00 million and the highest is $ 60.00 million. Semrush reported sales of $ 45.01 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.1%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Semrush will report full-year sales of $ 244.77 million for the current year, with estimates ranging from $ 240.30 million to $ 246.30 million. For next year, analysts forecast that the business will post sales of $ 306.99 million, with estimates ranging from $ 300.75 million to $ 312.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that provide coverage for Semrush.
Semrush (NASDAQ: SEMR – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($ 0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($ 0.04) by $ 0.03. Semrush had a negative net margin of 1.75% and a negative return on equity of 1.98%. During the same period last year, the company posted $ 0.01 earnings per share.
A number of equities analysts recently weighed in on the stock. Piper Sandler reduced their price objective on shares of Semrush from $ 24.00 to $ 20.00 and set an “overweight” rating for the company in a report on Wednesday, March 2nd. Jefferies Financial Group decreased their target price on shares of Semrush from $ 15.00 to $ 10.00 in a research note on Thursday. Stifel Nicolaus decreased their target price on shares of Semrush from $ 25.00 to $ 20.00 in a research note on Tuesday, March 1st. Finally, KeyCorp decreased their target price on shares of Semrush from $ 18.00 to $ 13.00 and set an “overweight” rating for the company in a research note on Monday, April 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Semrush currently has an average rating of “Buy” and an average price target of $ 18.67.
Shares of NASDAQ SEMR opened at $ 8.65 on Friday. Semrush has a twelve month low of $ 7.41 and a twelve month high of $ 32.48. The firm has a market cap of $ 1.22 billion, a P / E ratio of -432.50 and a beta of 2.53. The company has a 50 day moving average of $ 10.83 and a 200 day moving average of $ 16.49.
In other news, CRO Delbert M. Humenik sold 4,034 shares of the business’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $ 11.18, for a total transaction of $ 45,100.12. Following the completion of the sale, the executive now owns 93,081 shares of the company’s stock, valued at approximately $ 1,040,645.58. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 61.90% of the company’s stock.
Several hedge funds have recently modified their holdings of SEMR. Russell Investments Group Ltd. bought a new position in Semrush in the 3rd quarter worth $ 57,000. Lazard Asset Management LLC bought a new position in Semrush in the 4th quarter worth $ 66,000. Sandy Cove Advisors LLC bought a new position in Semrush in the 1st quarter worth $ 119,000. Advisor Group Holdings Inc. boosted its holdings in Semrush by 48.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 6,577 shares of the company’s stock worth $ 138,000 after buying an additional 2,149 shares during the period. Finally, Wealthsource Partners LLC boosted its holdings in Semrush by 22.3% in the 1st quarter. Wealthsource Partners LLC now owns 13,510 shares of the company’s stock worth $ 161,000 after buying an additional 2,460 shares during the period. 15.10% of the stock is owned by hedge funds and other institutional investors.
Semrush Company Profile (Get Rating)
Semrush Holdings, Inc. is developing 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 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 digital marketing campaigns.
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