EngageSmart Inc. (ESMT) stock hits $18.10: Is it a good time to buy or wait for a dip?

EngageSmart Inc. [ESMT] stock prices are up 2.14% to $18.10 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ESMT shares have gain 2.84% over the last week, with a monthly amount glided 9.10%, and seem to be holding up well over a long-time horizon.

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On 30, August 2023, EngageSmart to Present at the Goldman Sachs Communacopia & Technology Conference in San Francisco on September 6, 2023. In a post published today on Yahoo Finance, EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today announced that company executives will participate in the Goldman Sachs Communacopia & Technology Conference, taking place in San Francisco, California. Chief Executive Officer Bob Bennett will be interviewed in a fireside chat on Wednesday, September 6, 2023, at 10:50 a.m. PT (1:50 p.m. ET). Management will conduct meetings with investors at the conference that day.

From an analyst’s perspective:

EngageSmart Inc. [NYSE: ESMT] stock has seen the most recent analyst activity on July 13, 2023, when Goldman downgraded its rating to a Neutral but kept the price target unchanged to $21 for it.

The stock price of EngageSmart Inc. [ESMT] has been fluctuating between $15.01 and $22.56 over the past year. Currently, Wall Street analysts expect the stock to reach $24.30 within the next 12 months. EngageSmart Inc. [NYSE: ESMT] shares were valued at $18.10 at the most recent close of the market. An investor can expect a potential return of 34.25% based on the average ESMT price forecast.

Analyzing the ESMT fundamentals

The most recent quarter, EngageSmart Inc. [NYSE:ESMT] reported sales of 94.41 billion, representing a surge of 27.70%. The company generates $312,997 in revenue per employee, while its income per employee is $21,208. Gross Margin for this corporation currently stands at +73.25% with Operating Margin at +5.42%, Pretax Margin comes in at +6.38%, and Net Margin reading is +6.78%. To continue investigating profitability, this company’s Return on Assets is posted at 2.38, Equity is 2.64, Total Capital is 2.07, and Invested Capital is 2.59. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 3.80 and enduring liabilities to the whole assets at 3.49.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.66 points at the first support level, and at 17.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.47, and for the 2nd resistance point, it is at 18.85.

EngageSmart Inc. [ESMT] reported earnings per share of $0.08 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.07/share, meaning a difference of $0.01 and a surprise factor of 14.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.07 per share as compared to estimates of $0.06 per share, a difference of $0.01 representing a surprise of 16.70%.

Ratios To Look Out For

It’s worth pointing out that EngageSmart Inc. [NYSE:ESMT]’s Current Ratio is 7.10. On the other hand, the Quick Ratio is 6.49, and the Cash Ratio is 5.94. Considering the valuation of this stock, the price to sales ratio is 9.80, the price to book ratio is 3.63 and the P/E (TTM) ratio is 152.10.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 16 insider purchases totaling 135,418 shares and 22 insider sales totaling 176,848 shares over the past 3 months. Recent insider trading involved Seltzer Jonathan Cole, President, SMB Solutions, that happened on Sep 01 when 3500.0 shares were sold., O’Brien Kevin William completed a deal on Sep 01 to sell 3000.0 shares. Meanwhile, President, SMB Solutions Seltzer Jonathan Cole sold 15000.0 shares on Aug 14.