Semrush (SEMR) Set to Announce Quarterly Earnings on Monday

Semrush (NASDAQ:SEMR) is set to release its earnings data after the market closes on Monday, May 6th. Analysts expect Semrush to post earnings of $0.04 per share for the quarter. Semrush has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Semrush (NASDAQ:SEMR) last released its quarterly earnings results on Monday, March 4th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. Semrush had a return on equity of 0.46% and a net margin of 0.31%. The company had revenue of $83.39 million during the quarter, compared to the consensus estimate of $83.19 million. On average, analysts expect Semrush to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Semrush Stock Down 0.1 %

NASDAQ SEMR opened at $12.53 on Friday. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 1,254.25 and a beta of 1.57. Semrush has a fifty-two week low of $7.21 and a fifty-two week high of $14.09. The business has a fifty day moving average of $12.25 and a 200-day moving average of $11.47.

Insider Transactions at Semrush

In related news, COO Vitalii Obishchenko sold 15,114 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $13.20, for a total transaction of $199,504.80. Following the completion of the sale, the chief operating officer now directly owns 908,663 shares of the company’s stock, valued at approximately $11,994,351.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Semrush news, COO Vitalii Obishchenko sold 15,114 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $13.20, for a total transaction of $199,504.80. Following the transaction, the chief operating officer now directly owns 908,663 shares in the company, valued at approximately $11,994,351.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Oleg Shchegolev sold 19,225 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $13.21, for a total transaction of $253,962.25. Following the transaction, the chief executive officer now directly owns 4,397,238 shares of the company’s stock, valued at $58,087,513.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,697 shares of company stock worth $1,933,767. 57.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on SEMR. The Goldman Sachs Group raised their price target on shares of Semrush from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. Piper Sandler cut their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. KeyCorp initiated coverage on Semrush in a report on Thursday, March 21st. They set an “overweight” rating and a $17.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Semrush in a research note on Tuesday, March 5th. Finally, Jefferies Financial Group raised Semrush from a “hold” rating to a “buy” rating and raised their price target for the stock from $9.00 to $15.00 in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.50.

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.