Semrush (SEMR) Scheduled to Post Earnings on Monday

Semrush (NASDAQ:SEMR) is scheduled to be releasing its earnings data after the market closes on Monday, August 5th. Analysts expect Semrush to post earnings of $0.07 per share for the quarter. Semrush has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Semrush had a return on equity of 6.05% and a net margin of 4.01%. The company had revenue of $85.81 million during the quarter, compared to the consensus estimate of $85.10 million. On average, analysts expect Semrush to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Semrush Trading Down 5.6 %

Shares of NASDAQ:SEMR opened at $13.35 on Friday. Semrush has a 12-month low of $7.36 and a 12-month high of $16.42. The company has a market capitalization of $1.94 billion, a PE ratio of 148.33 and a beta of 1.59. The business has a 50 day moving average of $14.15 and a two-hundred day moving average of $13.20.

Insider Activity

In other news, President Eugenie Levin sold 276,136 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $15.19, for a total value of $4,194,505.84. Following the completion of the sale, the president now directly owns 449,437 shares in the company, valued at $6,826,948.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Brian Mulroy sold 4,207 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $13.67, for a total transaction of $57,509.69. Following the completion of the sale, the chief financial officer now directly owns 437,418 shares in the company, valued at $5,979,504.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Eugenie Levin sold 276,136 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $15.19, for a total value of $4,194,505.84. Following the sale, the president now owns 449,437 shares of the company’s stock, valued at $6,826,948.03. The disclosure for this sale can be found here. Insiders sold 331,841 shares of company stock worth $4,972,742 over the last three months. 57.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Semrush currently has an average rating of “Moderate Buy” and an average target price of $14.00.

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.