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Tuesday, September 26, 2023

What Are The Chances Of EngageSmart Inc. (NYSE: ESMT) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for EngageSmart Inc. (ESMT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.07, or 0.39%, to $17.98. The EngageSmart Inc. has recorded 20,154 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that EngageSmart to Present at the Goldman Sachs Communacopia & Technology Conference in San Francisco on September 6, 2023.

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Stocks Info

As a NYSE listed company, ESMT falls under the Technology sector while operating within the Software – Infrastructure industry segment. The current market capitalization of EngageSmart Inc. is $2.96B. A total of 0.4 million shares were traded on the day, compared to an average of 533.27K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ESMT has seen 17 BUY and 24 SELL insider trades, representing the acquisition of 151,696 and the disposition of 194,348 shares. Over the last 12 months, there were 40 BUYs and 92 SELLs from insiders. Insiders purchased 407,323 shares during that period but sold 16,781,728.

In the most recent transaction, Seltzer Jonathan Cole sold 15,000 shares of ESMT for 16.94 per share on Aug 14. After the transaction, the President, SMB Solutions now owns 0 company shares. In a previous transaction on Aug 01, Seltzer Jonathan Cole sold 3,500 shares at 18.94 per share. ESMT shares that President, SMB Solutions owns now total 7,778.

Among the insiders who sold shares, O’Brien Kevin William disposed of 3,000 shares on Aug 01 at a per-share price of $18.83. This resulted in the insider holding 28,657 shares of ESMT after the transaction. In another insider transaction, Bennett Robert Paul sold 56,000 shares at $18.53 per share on Jul 05. Company shares held by the Chief Executive Officer now total 809,877.



In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ESMT in the last 3 months, the mean price target is $24.30 with high estimates of $40.00 and low estimates of $19.00. In terms of 52-week highs and lows, ESMT has a high of $22.56 and a low of $15.01.

As of this writing, ESMT has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.1 per share and a lower estimate of $0.03. The company reported an EPS of $0.07 in the last quarter, which was 16.70% higher than expectations of $0.06.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ESMT’s latest balance sheet shows that the firm has $254.29M in Cash & Short Term Investments as of fiscal 2021. There were $116.10M in debt and $36.91M in liabilities at the time. Its Book Value Per Share was $4.94, while its Total Shareholder’s Equity was $757.10M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ESMT is Buy with a score of 4.36.

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