Q3 2022 EPS Estimates for EngageSmart, Inc. Raised by William Blair (NYSE:ESMT)

EngageSmart, Inc. (NYSE:ESMTGet Rating) – Investment analysts at William Blair increased their Q3 2022 EPS estimates for shares of EngageSmart in a report issued on Thursday, May 5th. William Blair analyst R. Napoli now anticipates that the company will earn $0.03 per share for the quarter, up from their previous forecast of $0.02. William Blair also issued estimates for EngageSmart’s FY2022 earnings at $0.12 EPS.

EngageSmart (NYSE:ESMTGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $67.36 million during the quarter, compared to the consensus estimate of $61.86 million. EngageSmart’s revenue for the quarter was up 42.0% on a year-over-year basis.

ESMT has been the topic of a number of other research reports. Raymond James upped their target price on EngageSmart from $34.00 to $35.00 and gave the stock a “strong-buy” rating in a report on Wednesday, February 16th. KeyCorp dropped their price target on EngageSmart from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 16th. Citigroup boosted their price target on EngageSmart from $28.00 to $30.50 in a research report on Wednesday, February 16th. The Goldman Sachs Group dropped their price target on EngageSmart from $34.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, April 8th. Finally, Truist Financial cut their target price on EngageSmart from $45.00 to $35.00 in a research note on Wednesday, February 16th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $31.94.

ESMT stock opened at $20.74 on Monday. EngageSmart has a fifty-two week low of $16.76 and a fifty-two week high of $38.83. The stock’s 50 day moving average price is $20.58.

A number of institutional investors have recently made changes to their positions in ESMT. Legal & General Group Plc bought a new position in EngageSmart in the 4th quarter worth $38,000. Morgan Stanley bought a new position in EngageSmart in the 3rd quarter worth $73,000. Strs Ohio bought a new position in EngageSmart in the 4th quarter worth $89,000. Citigroup Inc. bought a new position in EngageSmart in the 4th quarter worth $100,000. Finally, Steward Partners Investment Advisory LLC bought a new position in EngageSmart in the 4th quarter worth $107,000. 93.77% of the stock is currently owned by institutional investors.

In related news, insider Jonathan Cole Seltzer sold 8,334 shares of the firm’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $20.88, for a total value of $174,013.92. Following the transaction, the insider now directly owns 1,508 shares of the company’s stock, valued at approximately $31,487.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.70% of the company’s stock.

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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Earnings History and Estimates for EngageSmart (NYSE:ESMT)

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