The Vanguard Group, Inc. recently announced the acquisition of new stake in Engagesmart Inc (NYSE:ESMT). The institutional investor has increased its shareholding in the Technology company by 2.20% to 5.11 million shares with purchase of 0.11 million shares. This fresh investment now brings its stake to 3.04% valued currently at $116.6 million. In addition, BlackRock Fund Advisors raised its holdings by 0.3 million to 3.53 million shares. And Millennium Management LLC has lifted its position by 2.87% or 74610.0 shares – to 2.67 million shares.
With over 0.47 million Engagesmart Inc (ESMT) shares trading Friday and a closing price of $22.88 on the day, the dollar volume was approximately $10.75 million. Currently, there are 166.08M common shares owned by the public and among those 42.48M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Insiders at the company have transacted a total of 140 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 51 of these insider trades were purchases, accounting for 461,642 shares. Insider sales of the common stock occurred on 89 occasions, with total insider shares sold totaling 10,671,522 shares.
The top 3 mutual fund holders in Engagesmart Inc are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market ETF owns 1.42 million shares of the company’s stock, all valued at over $32.35 million. iShares Russell 2000 ETF bought 582.0 shares to see its total holdings expand to 1.18 million shares valued at over $27.0 million and representing 0.70% of the shares outstanding. Vanguard Small Cap Index Fund bought 3344.0 shares to bring its total holdings to over 1.09 million shares at a value of $24.77 million. Vanguard Small Cap Index Fund now owns shares totaling to 0.65% of the shares outstanding.
Shares of Engagesmart Inc (NYSE: ESMT) opened at $22.87, down -$0.01 from a prior closing price of $22.88. The company’s stock has a 5-day price change of 0.13% and 28.40% over the past three months. ESMT shares are trading 30.00% year to date (YTD), with the 12-month market performance up to 32.25% higher. It has a 12-month low price of $15.45 and touched a high of $23.10 over the same period. ESMT has an average intraday trading volume of 1.28 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.14%, 1.71%, and 19.56% respectively.
Institutional ownership of Engagesmart Inc (NYSE: ESMT) shares accounts for 22.72% of the company’s 166.08M shares outstanding. Mutual fund holders own 70.46%, while other institutional holders and individual stakeholders account for 9.92% and 12.77% respectively.
It has a market capitalization of $3.84B and a beta (3y monthly) value of 0.32. The stock’s trailing 12-month PE ratio is 156.39, while the earnings-per-share (ttm) stands at $0.15. The company has a PEG of 5.67 and a Quick Ratio of 6.71 with the debt-to-equity ratio at 0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.22% over the week and 0.27% over the month.
Analysts forecast that Engagesmart Inc (ESMT) will achieve an EPS of $Elbit Systems Ltd. for the current quarter, $216.80 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Empire State Realty Trust, Inc. while analysts give the company a high EPS estimate of $PriceSmart, Inc.. Comparatively, EPS for the current quarter was $Essent Group Ltd. a year ago. Earnings per share for the fiscal year are expected to increase by 7.60%, and 23.98% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Engagesmart Inc (ESMT) as a “Moderate Buy” at a consensus score of 2.78. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 8 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
