EngageSmart, LLC. 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. It also provides HealthPay24, a patient engagement and payment platform that helps health systems, physician groups, dental practices, and medical billers to drive patient self-pay collections; and DonorDrive, a fundraising software platform that helps non-profits, healthcare organizations, and higher education institutions produce virtual events, launch branded donation campaigns, and create peer-to-peer fundraising experiences. The company was formerly known as Hancock Parent, LLC, and changed its name to EngageSmart, LLC. in January 24, 2020. EngageSmart, LLC. was founded in 2018 and is based in Braintree, Massachusetts.
IPO Year: 2021
Exchange: NYSE
Website: engagesmart.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2023 | Outperform → Mkt Perform | William Blair | |
| 10/31/2023 | $22.00 → $23.00 | Buy → Neutral | Citigroup |
| 10/27/2023 | $30.00 → $23.00 | Buy → Hold | Truist |
| 7/13/2023 | $21.00 | Buy → Neutral | Goldman |
| 5/5/2023 | $22.00 | Buy | Craig Hallum |
| 2/16/2022 | $34.00 → $35.00 | Strong Buy | Raymond James |
| 2/16/2022 | $25.00 → $30.00 | Overweight | Keybanc |
| 1/26/2022 | $31.00 → $26.00 | Buy | Citigroup |
| 1/25/2022 | $40.00 → $25.00 | Overweight | Keybanc |
| 1/11/2022 | $40.00 → $34.00 | Strong Buy | Raymond James |
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Global growth equity firm partners with Celcoin to support its continued expansion and commitment to expanding financial access for Brazilian consumers Celcoin, a leading company in the Banking as a Service (BaaS) financial technology market, today announced a US$125 million investment led by global growth equity investor Summit Partners. Summit has a long history of partnering with market-leading fintech companies, including EngageSmart (NYSE:ESMT), Corpay (NYSE:CPAY) and Calypso Technology. Existing investor Innova Capital is also participating in the round, along with experienced financial technology executive John Coughlin, a former senior executive with Corpay. The new funding will s
DonorDrive customers can now benefit from a streamlined fundraising platform DonorDrive, an EngageSmart solution and creator of an advanced enterprise digital fundraising platform, today announced it has updated DonorDrive for Salesforce on Salesforce AppExchange, a leading enterprise marketplace for partner apps and experts, providing Salesforce Nonprofit Cloud customers new ways to more effectively engage their communities with hyper-personalized experiences and raise funds with data-driven donor insights. As an industry leader in nonprofit fundraising solutions, DonorDrive is excited to offer the DonorDrive for Salesforce app, which nonprofits can integrate with Salesforce Nonprofit
EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, has appointed Dan Freund as Chief Sales Officer, Enterprise Solutions. In this role, Freund will lead sales for EngageSmart's Enterprise Solutions, including InvoiceCloud and DonorDrive. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240108067118/en/EngageSmart Chief Sales Officer, Enterprise Solutions Dan Freund (Photo: Business Wire) Freund brings more than 25 years of global experience leading commercial sales teams and fueling revenue growth for enterprise software companies. Before EngageSmart
Integration to Enhance Connection Between Therapists, Health Plans and 6 Million Members SimplePractice, an EngageSmart ((ESMT) solution and industry-leading platform simplifying the health and wellness experience for more than 185,000 solo and small group practitioners, and Lucet, the behavioral health optimization company for health plans, have announced an alliance to improve the referral experience for solo and small group behavioral health providers and the 6 million members seeking mental health services. "Solo and small group clinicians are the largest segment of outpatient behavioral healthcare providers, but are often the hardest to schedule with," said Jonathan Seltzer, Presid
InvoiceCloud, an EngageSmart ((ESMT) solution for online bill payment services, and Harris, a global vertical market software provider and enterprise acquirer, announced that nearly 400 joint customers saw an average increase of 147% in AutoPay enrollment within their first year following implementation of the InvoiceCloud-Harris integrated solution. On average, Harris and InvoiceCloud's joint Electronic Bill Payment and Presentment (EBPP) customers also achieved a 38% increase in electronic payment adoption and a 71% increase in paperless enrollment in their first 12 months following implementation and conversion. InvoiceCloud's seamless integrations with Harris solutions offer end-users
The survey data found forgotten passwords cause issues, mobile is the most preferred channel, due dates determine bill priority, and more InvoiceCloud, an EngageSmart ((ESMT) solution for online bill payment services, released its annual State of Online Payments report in conjunction with Regina Corso Consulting, offering key insights into customer payment preferences and behaviors. This is the fourth year InvoiceCloud has released this report to help enterprise businesses within the financial services, tax, utilities, and insurance sectors keep ahead of important payment preferences and trends by using the survey data to improve customer satisfaction and drive their organization's bottom
Transaction Is Expected to Close in the First Quarter of 2024 EngageSmart, Inc. (NYSE:ESMT) ("EngageSmart" or "the Company"), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today announced the expiration of the 30-day "go-shop" period under the terms of the previously announced definitive merger agreement, pursuant to which an affiliate of Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, will acquire EngageSmart for $23.00 per share in cash. The "go-shop" period expired at 11:59 p.m. ET on November 22, 2023. Pursuant to the defin
The new solution integrates into the existing platform to simplify evidence-based approach to patient care SimplePractice, an EngageSmart ((ESMT) solution and industry-leading platform simplifying the health and wellness experience for more than 185,000 solo and small group practitioners, announced a new solution for mental health practitioners to integrate measurement-based care (MBC) into their treatment plans. The new solution will enable practitioners to more easily use systematic assessments of a patient's progress to inform treatment decisions. The SimplePractice MBC solution seamlessly integrates into practitioners' existing workflows, offering evidence-based and data-interpretin
Company's 269% Revenue Growth is Attributed to Dedicated Customer Support and Streamlined Technology EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, has been ranked 452 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year. Award winners were selected based on percentage fiscal year revenue growth from 2019 to 2022. EngageSmart grew 269% during this period. EngageSmart's Chief Executive Officer, Bob Bennett, credits the company's dedication to customer succ
Third Quarter 2023 Revenue of $97.7 million, up 24% year over year Third Quarter 2023 Net Income of $11.5 million and Adjusted EBITDA of $18.8 million Company enters into definitive agreement to be acquired by Vista Equity Partners for approximately $4.0 billion EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today reported financial results for the third quarter ended September 30, 2023. "Driven by persistent demand for our true SaaS solutions, we delivered record revenue of $97.7 million, net income of $11.5 million and Adjusted EBITDA of $18.8 million in the third quarter," said Bob Bennett, Enga
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Shares of EngageSmart to be Acquired for $23.00 Per Share in Cash Represents a 30% Premium to the 30-Day Unaffected Volume-Weighted Average Price (VWAP) EngageSmart to Become Privately Held Company Upon Completion of the Transaction; General Atlantic to Retain Minority Ownership Position EngageSmart, Inc. (NYSE:ESMT) ("EngageSmart" or "the Company"), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today announced that it has entered into a definitive agreement to be acquired by an affiliate of Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data and technology-enable
EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, has been named a 2023 Top Workplaces in Culture Excellence for Employee Well-Being, DE&I Practices, Employee Appreciation, and Professional Development. The recognition comes via Energage, a purpose-driven organization that develops solutions to build and brand Top Workplaces. The Top Workplaces program has a 17-year history of surveying and celebrating people-first organizations nationally and across 60 regional markets through a research-backed employee engagement survey. In the past year, EngageSmart has also earned spots on several other Top Workplace
EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, has been named to Energage's 2023 Top Workplaces in Technology list. The confidential survey uniquely measures 15 culture drivers that are critical to the success of any organization, including alignment, execution, and connection, just to name a few. The list is based entirely on employee feedback gathered through a third-party survey administered by Energage, LLC, an employee engagement technology company. In the past year, EngageSmart has earned spots on several other prestigious Top Workplace lists including: Top Workplaces USA 2023 Top Workplaces
EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payment solutions, has been named to Energage's Top Workplaces for Leadership, Innovation, Work-Life Flexibility, Compensation & Benefits, and Purpose & Values for 2023. In the past year, EngageSmart has also been named one of Energage's Top Workplaces USA and Energage's Top Workplaces for Employee Well-Being. The list, based solely on confidential employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage, LLC, uniquely measures 15 culture drivers critical to the success of any organization, including alignment, exec
EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, will report first quarter 2023 financial results before the market opens on Thursday, May 4, 2023. Management will host a conference call to discuss the results at 8:30 a.m. ET. The conference call will be webcast live on EngageSmart's investor relations website at https://investors.engagesmart.com/events-and-presentations/events./. A replay will be available on the investor relations website following the call. For investors and analysts wishing to participate in the call, the dial-in numbers are (800) 343-4849 for domestic callers and (203) 518-9843 for
EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, will report fourth quarter and full year 2022 financial results before the market opens on Thursday, February 9, 2023. Management will host a conference call to discuss the results at 8:30 a.m. ET. The conference call will be webcast live on EngageSmart's investor relations website at https://investors.engagesmart.com/events-and-presentations/events./. A replay will be available on the investor relations website following the call. For investors and analysts wishing to participate in the call, the dial-in numbers are (800) 225-9448 for domestic callers and (
EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, will report third quarter 2022 financial results before the market opens on Thursday, November 3, 2022. Management will host a conference call to discuss the results at 8:30 a.m. ET. The conference call will be webcast live on EngageSmart's investor relations website at https://investors.engagesmart.com/events-and-presentations/events./. A replay will be available on the investor relations website following the call. For investors and analysts wishing to participate in the call, the dial-in numbers are (800) 267-6316 for domestic callers and (203) 518-9783 f
EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, will report second quarter 2022 financial results before the market opens on Thursday, August 4, 2022. Management will host a conference call to discuss the results at 8:30 a.m. ET. The conference call will be webcast live on EngageSmart's investor relations website at https://investors.engagesmart.com/events-and-presentations/events./. A replay will be available on the investor relations website following the call. For investors and analysts wishing to participate in the call, the dial-in numbers are (800) 891-3840 for domestic callers and (785) 424-1675 fo
EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, will report first quarter 2022 financial results before the market opens on Thursday, May 5, 2022. Management will host a conference call to discuss the results at 8:30 a.m. ET. The conference call will be webcast live on EngageSmart's investor relations website at https://investors.engagesmart.com/events-and-presentations/events./. A replay will be available on the investor relations website following the call. For investors and analysts wishing to participate in the call, the dial-in numbers are (866) 518-6930 for domestic callers and (203) 518-9822 for in
EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, will report fourth quarter and full year 2021 financial results after the close of the market on Tuesday, February 15, 2022. Management will host a conference call to discuss the results at 5:00 p.m. ET. The conference call will be webcast live on EngageSmart's investor relations website at https://investors.engagesmart.com/events-and-presentations/events./. A replay will be available on the investor relations website following the call. For investors and analysts wishing to participate in the call, the dial-in numbers are (844) 200-6205 for domestic callers
EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, has appointed Dan Freund as Chief Sales Officer, Enterprise Solutions. In this role, Freund will lead sales for EngageSmart's Enterprise Solutions, including InvoiceCloud and DonorDrive. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240108067118/en/EngageSmart Chief Sales Officer, Enterprise Solutions Dan Freund (Photo: Business Wire) Freund brings more than 25 years of global experience leading commercial sales teams and fueling revenue growth for enterprise software companies. Before EngageSmart
EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, has appointed Mark Daoust as Chief Customer Officer, Enterprise Solutions. In this role, Daoust will oversee Implementations, Onboarding, Pricing, Settlement Operations, Client Services, and Customer Success across EngageSmart's Enterprise solutions including InvoiceCloud, HealthPay24 and DonorDrive. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230213005678/en/EngageSmart Chief Customer Officer, Enterprise Solutions Mark Daoust (Photo: Business Wire) Daoust has over 25 years of experience in the e
EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, announced the appointment of Scott Semel as Senior Vice President, General Counsel. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220301005125/en/Scott Semel, Senior Vice President, General Counsel of EngageSmart (Photo: Business Wire) Semel has held several chief legal officer roles at public companies, including Carbonite, Intralinks, Inc., and Novell, Inc. Semel led the global legal, security, and compliance functions company-wide in his role as Executive Vice President and General Counsel at In
EngageSmart, Inc. ((ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, has appointed Kevin O'Brien as President, Enterprise Solutions. As a member of the EngageSmart Executive team, O'Brien will be responsible for unlocking the potential of the Enterprise solutions and helping to meet the company's growth goals. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220202005177/en/EngageSmart President, Enterprise Solutions Kevin O'Brien (Photo: Business Wire) Prior to joining EngageSmart, O'Brien spent over five years at PTC, most recently as Divisional Vice President and Ge
EngageSmart (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today announced the appointment of Diego Rodriguez to the Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220125006151/en/EngageSmart Board Member Diego Rodriguez (Photo: Business Wire) "Mr. Rodriguez has first-hand experience driving innovation for both enterprise and SMB clients and helping companies to deepen their relationship with existing customers while also pursuing new markets," says Paul Stamas, Chairman of the Board of Directors at EngageSmart. "We are excited to collabo
EngageSmart (NYSE:ESMT), the leading provider of vertically focused software solutions for essential tasks and services, today announced the appointment of Alan Canzano as Executive Vice President, Corporate Development and Strategy, to the Company's enterprise leadership team. Prior to joining EngageSmart, Canzano spent seven years at Salesforce Inc., most recently as Senior Director of Product Management. While in that role, he drove the development and launch of Salesforce Payments, Salesforce's new payments processing solution. "Alan Canzano brings a wealth of expertise in product development, strategic partnerships, and M&A—all areas that are critical to the continued growth and succ
EngageSmart (NYSE:ESMT), the leading provider of vertically-focused software solutions for essential tasks and services, today announced the appointment of Debbie Dunnam to its Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211206005102/en/Debbie Dunnam (Photo: Business Wire) "We are excited to expand our board and welcome Ms. Dunnam," said Paul Stamas, Chairman of the Board of Directors at EngageSmart. "Her experience in leading sales and marketing operations, along with deep insights into successful execution within fast-paced, global, customer-driven businesses will be a valuable asset to EngageSmart." Ms.
William Blair downgraded EngageSmart from Outperform to Mkt Perform
Citigroup downgraded EngageSmart from Buy to Neutral and set a new price target of $23.00 from $22.00 previously
Truist downgraded EngageSmart from Buy to Hold and set a new price target of $23.00 from $30.00 previously
Goldman downgraded EngageSmart from Buy to Neutral and set a new price target of $21.00
Craig Hallum initiated coverage of EngageSmart with a rating of Buy and set a new price target of $22.00
Raymond James reiterated coverage of Engagesmart with a rating of Strong Buy and set a new price target of $35.00 from $34.00 previously
Keybanc reiterated coverage of Engagesmart with a rating of Overweight and set a new price target of $30.00 from $25.00 previously
Citigroup reiterated coverage of Engagesmart with a rating of Buy and set a new price target of $26.00 from $31.00 previously
Keybanc reiterated coverage of Engagesmart with a rating of Overweight and set a new price target of $25.00 from $40.00 previously
Raymond James reiterated coverage of Engagesmart with a rating of Strong Buy and set a new price target of $34.00 from $40.00 previously
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The new solution integrates into the existing platform to simplify evidence-based approach to patient care
William Blair analyst Robert Napoli downgrades Engagesmart (NYSE:ESMT) from Outperform to Market Perform.
Engagesmart (NYSE:ESMT) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.06 by 16.67 percent. This is a 75 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $97.73 million which beat the analyst consensus estimate of $95.66 million by 2.17 percent. This is a 24.03 percent increase over sales of $78.80 million the same period last year.
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Engagesmart (NYSE:ESMT) is set to give its latest quarterly earnings report on Thursday, 2023-11-02. Here's what investors need to know before the announcement. Analysts estimate that Engagesmart will report an earnings per share (EPS) of $0.06. Engagesmart bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.04, which was followed by a 0.52% increase in the sh
Truist Securities analyst Terry Tillman downgrades Engagesmart (NYSE:ESMT) from Buy to Hold and lowers the price target from $30 to $23.
The most overbought stocks in the information technology sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. EngageSmart, Inc. (NYSE:ESMT) EngageSmart announced it would be acquired by Vista Equity Partners for $23 per share. The company’s stock has a 52-week high of $22.7
Truist Securities analyst Terry Tillman downgrades Engagesmart (NYSE:ESMT) from Buy to Hold and lowers the price target from $30 to $23.
Partners aim to enhance the payment experience for mutual utility customersInvoiceCloud, an EngageSmart ((ESMT) solution for online bill payment services, has announced a new integrated solution with Oracle Energy and Water to enhance the utility payment experience for joint customers. Oracle and InvoiceCloud now provide Oracle-supported, pre-built, real-time integration with Oracle Utilities Customer Information Systems (CIS), including Oracle Utilities Customer Care and Billing (Oracle Utilities CC&B), Oracle Utilities Customer to Meter (Oracle Utilities C2M), and Oracle Utilities Customer Cloud Service (Oracle Utilities CCS).This press release features multimedia. View the full release he