Quantbot Technologies LP Boosts Stock Holdings in EngageSmart, Inc. (NYSE:ESMT)

Quantbot Technologies LP lifted its holdings in EngageSmart, Inc. (NYSE:ESMTFree Report) by 169.0% in the third quarter, HoldingsChannel reports. The fund owned 10,463 shares of the company’s stock after buying an additional 6,574 shares during the period. Quantbot Technologies LP’s holdings in EngageSmart were worth $188,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Barclays PLC lifted its holdings in shares of EngageSmart by 22.9% in the 3rd quarter. Barclays PLC now owns 62,754 shares of the company’s stock worth $1,129,000 after acquiring an additional 11,697 shares during the last quarter. Principal Financial Group Inc. raised its holdings in EngageSmart by 30.1% during the 3rd quarter. Principal Financial Group Inc. now owns 19,805 shares of the company’s stock valued at $356,000 after buying an additional 4,584 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in EngageSmart by 5.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 28,909 shares of the company’s stock valued at $520,000 after buying an additional 1,559 shares during the last quarter. Summit Creek Advisors LLC bought a new stake in EngageSmart during the 3rd quarter valued at $10,090,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in EngageSmart by 61.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,696 shares of the company’s stock valued at $228,000 after buying an additional 4,835 shares during the last quarter. 92.34% of the stock is currently owned by institutional investors.

Insider Transactions at EngageSmart

In other news, insider Kevin William O’brien sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $22.90, for a total value of $68,700.00. Following the sale, the insider now directly owns 22,094 shares of the company’s stock, valued at approximately $505,952.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Patrick F. Donovan sold 32,000 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $22.85, for a total transaction of $731,200.00. Following the sale, the chief accounting officer now directly owns 4,130 shares of the company’s stock, valued at approximately $94,370.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin William O’brien sold 3,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $22.90, for a total transaction of $68,700.00. Following the sale, the insider now directly owns 22,094 shares in the company, valued at $505,952.60. The disclosure for this sale can be found here. Insiders have sold 38,000 shares of company stock valued at $868,360 in the last three months. 2.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ESMT shares. Truist Financial lowered shares of EngageSmart from a “buy” rating to a “hold” rating and lowered their price target for the company from $30.00 to $23.00 in a report on Friday, October 27th. KeyCorp reiterated a “sector weight” rating on shares of EngageSmart in a report on Tuesday, October 24th. Needham & Company LLC reiterated a “hold” rating on shares of EngageSmart in a report on Tuesday, October 24th. TheStreet upgraded shares of EngageSmart from a “d+” rating to a “c” rating in a report on Monday, October 23rd. Finally, Raymond James reissued a “market perform” rating on shares of EngageSmart in a research report on Tuesday, October 24th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.14.

Read Our Latest Research Report on ESMT

EngageSmart Price Performance

NYSE:ESMT opened at $23.05 on Monday. The firm’s 50-day moving average price is $22.95 and its 200-day moving average price is $20.81. The company has a market capitalization of $3.88 billion, a PE ratio of 153.67, a P/E/G ratio of 3.34 and a beta of 0.31. EngageSmart, Inc. has a 1-year low of $15.45 and a 1-year high of $23.15.

EngageSmart Company Profile

(Free Report)

EngageSmart, Inc provides vertically-tailored customer engagement and integrated payments solutions. The company operates through Enterprise Solutions and SMB Solutions segments. The Enterprise Solutions segment offers SaaS solutions to customer-client engagement through electronic billing and digital payments.

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Institutional Ownership by Quarter for EngageSmart (NYSE:ESMT)

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