EngageSmart (ESMT – Research Report) received a Hold rating and price target from Raymond James analyst John Davis today. The company’s shares closed yesterday at $22.60.
According to TipRanks, Davis is a 2-star analyst with an average return of -0.5% and a 47.65% success rate. Davis covers the Financial sector, focusing on stocks such as Fleetcor Technologies, Everi Holdings, and Visa.
EngageSmart has an analyst consensus of Moderate Buy, with a price target consensus of $24.50.
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Based on EngageSmart’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $94.41 million and a net profit of $4.34 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 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ESMT in relation to earlier this year. Most recently, in August 2023, Seltzer Jonathan Cole, the President of ESMT sold 15,000.00 shares for a total of $254,100.00.
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EngageSmart (ESMT) Company Description:
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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