Shares of EngageSmart, Inc. (NYSE:ESMT – Get Rating) have been given a consensus rating of “Buy” by the ten research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $31.94.
A number of brokerages recently weighed in on ESMT. Truist Financial reduced their price objective on EngageSmart from $45.00 to $35.00 in a research report on Wednesday, February 16th. Deutsche Bank Aktiengesellschaft upped their price target on EngageSmart from $25.00 to $28.00 in a research report on Wednesday, February 16th. The Goldman Sachs Group cut their target price on EngageSmart from $34.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, April 8th. Citigroup increased their price target on EngageSmart from $28.00 to $30.50 in a report on Wednesday, February 16th. Finally, KeyCorp lowered their price objective on EngageSmart from $30.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 16th.
Shares of EngageSmart stock opened at $20.92 on Friday. The business’s 50 day simple moving average is $20.61 and its 200 day simple moving average is $22.67. EngageSmart has a 52-week low of $16.76 and a 52-week high of $38.83.
In related news, insider Jonathan Cole Seltzer sold 8,334 shares of the business’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $20.85, for a total transaction of $173,763.90. Following the transaction, the insider now owns 1,508 shares in the company, valued at approximately $31,441.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc bought a new stake in EngageSmart during the 4th quarter valued at approximately $38,000. Morgan Stanley bought a new stake in shares of EngageSmart in the 3rd quarter worth approximately $73,000. Strs Ohio bought a new position in shares of EngageSmart during the fourth quarter valued at $89,000. Citigroup Inc. purchased a new position in shares of EngageSmart in the 4th quarter worth about $100,000. Finally, Steward Partners Investment Advisory LLC bought a new position in EngageSmart in the 4th quarter worth about $107,000. 93.77% of the stock is currently owned by institutional investors and hedge funds.
EngageSmart Company Profile (Get Rating)
EngageSmart, Inc provides Software-as-a-Service based customer engagement software and integrated payment solutions. It operates through two segments, Enterprise Solutions and SMB (small and medium sized business) Solutions. The company offers SimplePractice, an end-to-end practice management and electronic health record platform for health and wellness professionals to manage their practices; and InvoiceCloud, an electronic bill presentment and payment solution that helps government, utility, and financial services customers to digitize billing, client communications, and collections.
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