ESMT Stock Recent News

The headline numbers for EngageSmart (ESMT) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

EngageSmart is on track to be acquired by Vista Equity. Even though the deal is likely to be completed in the near future, now is probably not a good time to buy the stock.

EngageSmart Inc (NYSE: ESMT jumped more than 10% on Monday after Vista Equity Partners said it will buy the business-software company for $4.0 billion Vista proposal values EngageSmart stock at $23 The private-equity firm valued each share of EngageSmart at $23 – about a 14% premium on their previous close.

Payments software provider EngageSmart is set to become a privately held company after entering into a definitive agreement with Vista Equity Partners in a cash transaction valued at approximately $4 billion. Under the terms of the deal, shareholders will receive $23.00 per share in cash, representing a 23% premium to the stock's closing price on October 4.

Under the deal, stockholders of business-software company EngageSmart will receive $23 a share.

Shares of EngageSmart Inc. ESMT, -2.18% shot up 10.1% toward a one-year high in premarket trading Monday, before being halted for news, after The Wall Street Journal reported that Vista Equity Partners was close to buying the customer engagement software company in a deal valued at $4 billion. The WSJ report said that under terms of the deal, EngageSmart shareholders would receive $23 in cash for each EngageSmart share they own, which would represent a 13.9% premium to Friday's closing price of $20.20.

EngageSmart (ESMT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

BOSTON--(BUSINESS WIRE)--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.

EngageSmart, Inc. (NYSE:ESMT ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Josh Schmidt - Investor Relations Robert Bennett - Chief Executive Officer Cassandra Hudson - Chief Financial Officer Conference Call Participants Bhavin Shah - Deutsche Bank Robert Napoli - William Blair Tyler DuPont - Bank of America Merrill Lynch Terrell Tillman - Truist Securities, Inc. Michael Rackers - Needham & Company John Davis - Raymond James Jeffrey Van Rhee - Craig-Hallum Capital Group Tien-Tsin Huang - JPMorgan Operator Good morning. Thank you for attending today's EngageSmart Second Quarter 2023 Earnings Call.

Although the revenue and EPS for EngageSmart (ESMT) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.