NYSE:SMAR Smartsheet (SMAR) Stock Forecast, Price & News $40.20 +0.50 (+1.26%) (As of 09:51 AM ET) Add Compare Share Share Today's Range$39.87▼$40.5950-Day Range$38.58▼$44.4152-Week Range$25.09▼$52.81Volume41,601 shsAverage Volume1.47 million shsMarket Capitalization$5.43 billionP/E RatioN/ADividend YieldN/APrice Target$51.53 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability Smartsheet MarketRank™ ForecastAnalyst RatingModerate Buy2.69 Rating ScoreUpside/Downside29.8% Upside$51.53 Price TargetShort InterestHealthy2.38% of Shares Sold ShortDividend StrengthN/ASustainability-0.46Upright™ Environmental ScoreNews Sentiment0.67Based on 10 Articles This WeekInsider TradingSelling Shares$8.16 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.00) to ($0.78) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.85 out of 5 starsComputer And Technology Sector73rd out of 595 stocksPrepackaged Software Industry15th out of 200 stocks 4.3 Analyst's Opinion Consensus RatingSmartsheet has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 9 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $51.53, Smartsheet has a forecasted upside of 29.8% from its current price of $39.71.Amount of Analyst CoverageSmartsheet has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.38% of the outstanding shares of Smartsheet have been sold short.Short Interest Ratio / Days to CoverSmartsheet has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Smartsheet has recently decreased by 15.53%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldSmartsheet does not currently pay a dividend.Dividend GrowthSmartsheet does not have a long track record of dividend growth. Previous Next 3.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSmartsheet has received a 44.00% net impact score from Upright. Smartsheet seems to create the most significant positive value in categories "Taxes", "Relationships", and "Jobs". The positive contribution in the "Relationships" impact category is false driven by its "Collaboration software" and "Enterprise resource management software" products. See details.Environmental SustainabilityThe Environmental Impact score for Smartsheet is -0.46. Previous Next 3.2 News and Social Media Coverage News SentimentSmartsheet has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Smartsheet this week, compared to 6 articles on an average week.Search Interest16 people have searched for SMAR on MarketBeat in the last 30 days. This is an increase of 700% compared to the previous 30 days.MarketBeat Follows6 people have added Smartsheet to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Smartsheet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,161,737.00 in company stock.Percentage Held by InsidersOnly 4.71% of the stock of Smartsheet is held by insiders.Percentage Held by Institutions88.99% of the stock of Smartsheet is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Smartsheet are expected to grow in the coming year, from ($1.00) to ($0.78) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Smartsheet is -35.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Smartsheet is -35.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSmartsheet has a P/B Ratio of 10.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Smartsheet (NYSE:SMAR) StockSmartsheet, Inc. engages in managing and automating collaborative work. Its platform provides solutions that eliminate the obstacles to capturing information, including a familiar and intuitive spreadsheet interface as well as easily customizable forms. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason and Brent R. Frei in June 2005 and is headquartered in Bellevue, WA.Read More SMAR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SMAR Stock News HeadlinesOctober 4, 2023 | americanbankingnews.comSmartsheet (NYSE:SMAR) Given Overweight Rating at Morgan StanleyOctober 3, 2023 | finance.yahoo.comSmartsheet Named to Fast Company’s Annual List of "Brands That Matter"October 4, 2023 | Wall Street Fundamentals (Ad)Would Buffett Approve of This Growth Strategy?Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.October 2, 2023 | americanbankingnews.comSmartsheet Inc (NYSE:SMAR) CRO Sells $36,876.84 in StockSeptember 28, 2023 | americanbankingnews.comInsider Selling: Smartsheet Inc (NYSE:SMAR) CEO Sells 21,120 Shares of StockSeptember 25, 2023 | americanbankingnews.comSmartsheet Inc (NYSE:SMAR) Insider Sells $85,320.18 in StockSeptember 24, 2023 | finance.yahoo.comAre Investors Undervaluing Smartsheet Inc. (NYSE:SMAR) By 49%?September 24, 2023 | americanbankingnews.comSmartsheet (NYSE:SMAR) Stock Rating Reaffirmed by Truist FinancialOctober 4, 2023 | Wall Street Fundamentals (Ad)Would Buffett Approve of This Growth Strategy?Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.September 22, 2023 | msn.comTruist Securities Reiterates Smartsheet Inc - (SMAR) Buy RecommendationSeptember 22, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Technology Stocks: Smartsheet (SMAR), Oracle (ORCL) and Cisco Systems (CSCO)September 20, 2023 | stocknews.com3 Software Stocks to Watch for Potential Breakout Growth This WeekSeptember 20, 2023 | nasdaq.comNeedham Reiterates Smartsheet Inc - (SMAR) Buy RecommendationSeptember 20, 2023 | markets.businessinsider.comWilliam Blair Remains a Buy on Smartsheet (SMAR)September 20, 2023 | markets.businessinsider.comSmartsheet's Engage Conference Reveals Future Growth Drivers: Analyst Weighs In On AI And ScalabilitySeptember 20, 2023 | benzinga.com8 Analysts Have This to Say About SmartsheetSeptember 20, 2023 | markets.businessinsider.comSmartsheet (SMAR) Receives a Buy from JefferiesSeptember 19, 2023 | finance.yahoo.comSmartsheet Unveils the Next Generation of its Enterprise Work Management Platform to Unlock Customer Potential at ScaleSeptember 16, 2023 | msn.comSmartsheet: Once A Highly Valued Highflyer Now A Profitable GARP StorySeptember 15, 2023 | stocknews.comAnalyzing Palantir Technologies (PLTR) and Smartsheet (SMAR): Is Now the Time to Invest in These Software Stocks?September 15, 2023 | finance.yahoo.comWall Street Analysts Predict a 27% Upside in Smartsheet (SMAR): Here's What You Should KnowSeptember 15, 2023 | finance.yahoo.comWall Street Analysts Predict a 27% Upside in Smartsheet (SMAR): Here's What You Should KnowSeptember 15, 2023 | finance.yahoo.comInsider Sell: Director Geoffrey Barker Sells 10,000 Shares of Smartsheet IncSeptember 14, 2023 | finance.yahoo.comWhy Smartsheet (SMAR) Might be Well Poised for a SurgeSeptember 14, 2023 | finance.yahoo.comUnveiling Smartsheet (SMAR)'s Value: Is It Really Priced Right? A Comprehensive GuideSeptember 13, 2023 | markets.businessinsider.comSmartsheet (SMAR) Gets a Buy from Berenberg BankSeptember 12, 2023 | techrepublic.comSmartsheet vs. Wrike (2023): Which Is the Better Tool?See More Headlines Receive SMAR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Smartsheet and its competitors with MarketBeat's FREE daily newsletter. Email Address SMAR Company Calendar Last Earnings9/07/2023Today10/04/2023Next Earnings (Estimated)12/07/2023Fiscal Year End1/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:SMAR CUSIPN/A CIK1366561 Webwww.smartsheet.com Phone844-324-2360FaxN/AEmployees3,191Year FoundedN/APrice Target and Rating Average Stock Price Forecast$51.53 High Stock Price Forecast$57.00 Low Stock Price Forecast$40.00 Forecasted Upside/Downside+29.8%Consensus RatingModerate Buy Rating Score (0-4)2.69 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)($1.12) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-215,640,000.00 Net Margins-16.84% Pretax Margin-15.95% Return on Equity-27.44% Return on Assets-12.51% Debt Debt-to-Equity RatioN/A Current Ratio1.31 Quick Ratio1.31 Sales & Book Value Annual Sales$766.91 million Price / Sales7.00 Cash FlowN/A Price / Cash FlowN/A Book Value$3.68 per share Price / Book10.79Miscellaneous Outstanding Shares135,130,000Free Float128,768,000Market Cap$5.37 billion OptionableNot Optionable Beta0.96 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMark MaderChief Executive Officer & PresidentMike ArntzChief Revenue Officer & EVP of Worldwide Field OperationsJenny CeranChief Financial Officer & TreasurerGene FarrellChief Product OfficerPaul PorriniChief Legal Officer & General CounselKara HamiltonChief People & Culture OfficerPraerit GargChief Technology Officer & EVP of EngineeringMore ExecutivesKey CompetitorsFreshworksNASDAQ:FRSHWorkivaNYSE:WKQualysNASDAQ:QLYSTenableNASDAQ:TENBSentinelOneNYSE:SView All CompetitorsInsiders & InstitutionsMichael ArntzSold 921 sharesTotal: $36,876.84 ($40.04/share)Mark Patrick MaderSold 21,120 sharesTotal: $830,227.20 ($39.31/share)Michael ArntzSold 12,618 sharesTotal: $501,313.14 ($39.73/share)Jolene Lau MarshallSold 2,102 sharesTotal: $85,320.18 ($40.59/share)James N WhiteSold 150,000 sharesTotal: $6.71 M ($44.72/share)View All Insider TransactionsView All Institutional Transactions SMAR Stock - Frequently Asked Questions Should I buy or sell Smartsheet stock right now? 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SMAR shares. View SMAR analyst ratings or view top-rated stocks. What is Smartsheet's stock price forecast for 2023? 13 Wall Street analysts have issued 1-year price targets for Smartsheet's shares. Their SMAR share price forecasts range from $40.00 to $57.00. On average, they anticipate the company's stock price to reach $51.53 in the next twelve months. This suggests a possible upside of 29.8% from the stock's current price. View analysts price targets for SMAR or view top-rated stocks among Wall Street analysts. How have SMAR shares performed in 2023? Smartsheet's stock was trading at $39.36 at the beginning of the year. Since then, SMAR stock has increased by 0.9% and is now trading at $39.71. View the best growth stocks for 2023 here. Are investors shorting Smartsheet? Smartsheet saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 3,210,000 shares, a decrease of 15.5% from the August 31st total of 3,800,000 shares. Based on an average daily trading volume, of 1,470,000 shares, the short-interest ratio is presently 2.2 days. View Smartsheet's Short Interest. When is Smartsheet's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023. View our SMAR earnings forecast. How were Smartsheet's earnings last quarter? Smartsheet Inc (NYSE:SMAR) released its earnings results on Thursday, September, 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.09. The firm earned $235.60 million during the quarter, compared to analyst estimates of $229.57 million. Smartsheet had a negative net margin of 16.84% and a negative trailing twelve-month return on equity of 27.44%. Smartsheet's quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.46) EPS. What ETFs hold Smartsheet's stock? ETFs with the largest weight of Smartsheet (NYSE:SMAR) stock in their portfolio include Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), Invesco Dynamic Software ETF (PSJ), Direxion Work From Home ETF (WFH), iShares Virtual Work and Life Multisector ETF (IWFH), WisdomTree Cloud Computing Fund (WCLD), ALPS O'Shares Global Internet Giants ETF (OGIG) and Wedbush ETFMG Global Cloud Technology ETF (IVES). What guidance has Smartsheet issued on next quarter's earnings? Smartsheet updated its FY24 earnings guidance on Thursday, September, 7th. The company provided earnings per share (EPS) guidance of $0.53-$0.57 for the period, compared to the consensus EPS estimate of $0.42. The company issued revenue guidance of $950-$953 million, compared to the consensus revenue estimate of $945.98 million. What is Mark Mader's approval rating as Smartsheet's CEO? 182 employees have rated Smartsheet Chief Executive Officer Mark Mader on Glassdoor.com. Mark Mader has an approval rating of 90% among the company's employees. What other stocks do shareholders of Smartsheet own? Based on aggregate information from My MarketBeat watchlists, some companies that other Smartsheet investors own include NVIDIA (NVDA), DocuSign (DOCU), Twilio (TWLO), Alibaba Group (BABA), Okta (OKTA), Block (SQ), Shopify (SHOP), Trade Desk (TTD), Salesforce (CRM) and Tesla (TSLA). When did Smartsheet IPO? (SMAR) raised $128 million in an initial public offering (IPO) on Friday, April 27th 2018. The company issued 11,600,000 shares at a price of $10.00-$12.00 per share. Morgan Stanley, J.P. Morgan, Jefferies and RBC Capital Markets acted as the underwriters for the IPO and Canaccord Genuity, William Blair and SunTrust Robinson Humphrey were co-managers. What is Smartsheet's stock symbol? Smartsheet trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMAR." How do I buy shares of Smartsheet? Shares of SMAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Smartsheet's stock price today? One share of SMAR stock can currently be purchased for approximately $39.71. How much money does Smartsheet make? Smartsheet (NYSE:SMAR) has a market capitalization of $5.37 billion and generates $766.91 million in revenue each year. The company earns $-215,640,000.00 in net income (profit) each year or ($1.12) on an earnings per share basis. How many employees does Smartsheet have? The company employs 3,191 workers across the globe. How can I contact Smartsheet? Smartsheet's mailing address is 10500 NE 8TH STREET SUITE 1300, BELLEVUE WA, 98004. The official website for the company is www.smartsheet.com. The company can be reached via phone at 844-324-2360 or via email at investorrelations@smartsheet.com. This page (NYSE:SMAR) was last updated on 10/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Smartsheet Inc Please log in to your account or sign up in order to add this asset to your watchlist. 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