In a report released today, Jeff Van Rhee from Craig-Hallum maintained a Buy rating on EngageSmart (ESMT – Research Report). The company’s shares closed yesterday at $17.18.
According to TipRanks, Van Rhee is a 5-star analyst with an average return of 22.8% and a 60.12% success rate. Van Rhee covers the Technology sector, focusing on stocks such as Ebix, Asure, and Rimini Street.
Currently, the analyst consensus on EngageSmart is a Strong Buy with an average price target of $22.86.
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Based on EngageSmart’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $88.43 million and a net profit of $4.12 million. In comparison, last year the company earned a revenue of $73.86 million and had a net profit of $6.88 million
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2023, Cassandra Hudson, the CFO of ESMT bought 40,000.00 shares for a total of $138,400.00.
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Engagesmart Inc is a provider of vertically tailored customer engagement software and integrated payments capabilities. It offers single instance, multi-tenant, true Software-as-a-Service vertical solutions that are designed to simplify customers’ engagement with clients by driving digital adoption and self-service.
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