From MarketBeat:

Kevin William O’brien, an insider at EngageSmart, Inc., sold 3,000 shares in a transaction on January 2nd, with a total transaction of $68,700. The stock was sold at an average price of $22.90. O’brien now owns 22,094 shares of the company, valued at approximately $505,952.60.

EngageSmart stock performance shows that it traded up $0.01 during mid-day trading on Wednesday, reaching $22.91. The stock has a market capitalization of $3.85 billion, a PE ratio of 152.70, and a beta of 0.31. The company reported a net margin of 6.83% and a return on equity of 3.15%.

Institutional trading of EngageSmart shows that large investors have made changes to their positions in the stock. BlackRock Inc. lifted its stake in EngageSmart by 31.0% in the second quarter. Macquarie Group Ltd. lifted its stake by 57.3% in the fourth quarter, while Vanguard Group Inc. lifted its stake by 26.6% in the third quarter.

Wall Street analysts forecast growth for EngageSmart. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.38.

EngageSmart, Inc. provides vertically-tailored customer engagement and integrated payments solutions, operating through Enterprise Solutions and SMB Solutions segments. It offers SaaS solutions for customer-client engagement through electronic billing and digital payments.

If you’re considering investing in EngageSmart, it’s important to note that seeing positive ratings from analysts, there are other better buys as suggested by top-rated analysts. Needham & Company LLC, Truist Financial, Citigroup, The Street, and KeyCorp all reissued ‘hold’ ratings on EngageSmart.

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Read more: EngageSmart, Inc. (NYSE:ESMT) Insider Kevin William O’brien Sells 3,000 Shares