SEMrush (SEMR) Set to Announce Earnings on Tuesday

SEMrush (NASDAQ:SEMR) will be releasing its earnings data after the market closes on Tuesday, May 11th. Analysts expect SEMrush to post earnings of ($0.04) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

SEMR opened at $19.21 on Tuesday. SEMrush has a 1-year low of $10.62 and a 1-year high of $19.43.

In other SEMrush news, Director Roman Simonov acquired 13,000 shares of SEMrush stock in a transaction that occurred on Monday, March 29th. The shares were acquired at an average cost of $14.00 per share, with a total value of $182,000.00. Following the completion of the purchase, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $182,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Several research analysts have weighed in on the company. KeyCorp assumed coverage on SEMrush in a research report on Monday, April 26th. They set an “overweight” rating and a $22.00 price objective on the stock. The Goldman Sachs Group began coverage on SEMrush in a research report on Monday, April 26th. They set a “neutral” rating and a $18.50 price objective on the stock. JPMorgan Chase & Co. began coverage on SEMrush in a report on Monday, April 26th. They set an “overweight” rating and a $20.00 target price on the stock. Stifel Nicolaus began coverage on SEMrush in a report on Monday, April 26th. They set a “hold” rating and a $18.00 target price on the stock. Finally, Piper Sandler began coverage on SEMrush in a report on Monday, April 26th. They set an “overweight” rating and a $22.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. SEMrush has a consensus rating of “Buy” and an average price target of $19.75.

SEMrush Company Profile

SEMrush Holdings, Inc develops online visibility management software as a service (SaaS) platform. It helps businesses to run search engine optimization, pay-per-click, content, social media, and competitive research campaigns. The company offers insights and solutions to build, manage, and measure campaigns across various marketing channels.

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