NYSE:SMAR Smartsheet (SMAR) Stock Forecast, Price & News $49.57 +1.49 (+3.10%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$48.12▼$49.7850-Day Range$39.13▼$48.0852-Week Range$25.09▼$49.78Volume1.89 million shsAverage Volume1.27 million shsMarket Capitalization$6.57 billionP/E RatioN/ADividend YieldN/APrice Target$49.06 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability Smartsheet MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside1.0% Downside$49.06 Price TargetShort InterestHealthy3.22% of Shares Sold ShortDividend StrengthN/ASustainability-0.46Upright™ Environmental ScoreNews Sentiment0.63Based on 14 Articles This WeekInsider TradingSelling Shares$1.12 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.27) to ($1.08) 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.1.95 out of 5 starsComputer And Technology Sector408th out of 621 stocksPrepackaged Software Industry129th out of 219 stocks 2.4 Analyst's Opinion Consensus RatingSmartsheet has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 12 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $49.06, Smartsheet has a forecasted downside of 1.0% from its current price of $49.57.Amount of Analyst CoverageSmartsheet has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.22% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Smartsheet has recently increased by 2.40%, indicating that investor sentiment is decreasing. 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 2.0 News and Social Media Coverage News SentimentSmartsheet has a news sentiment score of 0.63. 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 14 news articles for Smartsheet this week, compared to 5 articles on an average week.Search InterestOnly 1 people have searched for SMAR on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Smartsheet to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% 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 $1,115,359.00 in company stock.Percentage Held by InsidersOnly 4.71% of the stock of Smartsheet is held by insiders.Percentage Held by Institutions89.50% 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 ($1.27) to ($1.08) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Smartsheet is -29.68, 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 -29.68, 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 13.47. 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 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 Stock News HeadlinesMay 22, 2023 | marketbeat.commonday.com Surges on Price and Volume after Blowout Results (SMAR)monday.com Ltd. (NASDAQ: MNDY) provides workflow collaboration and customer relationship management (CRM) software applications used by over 180,000 companiesMay 10, 2023 | marketbeat.com3 Attractive Mid-Cap Tech Stocks Getting Set to Report (SMAR)With plenty more earnings reports yet to come, traders may want to keep an eye on these potentially bullish mid-cap tech releases.May 31, 2023 | Behind the Markets (Ad)"How war impacts the stock market"Russia's invasion of Ukraine has already sent the stock market down 10%. But that's just the opening act for the new Russia-China Alliance. There's a major event involving China that's heating up... and it could boil over as soon as April 16th, 2023. Click Here to Learn How to Protect Your RetirementMay 30, 2023 | sports.yahoo.comSWFL 2023 All-Region Teams: Baseball, Softball, Lacrosse, Track, Tennis, Boys WeightliftingMay 30, 2023 | msn.comSee all spring sports nominees for the Sarasota, Manatee, and Charlotte High School Sports AwardsMay 29, 2023 | forbes.comBest Project Management Software In Canada For May 2023May 27, 2023 | msn.comTop 5 China Stocks To Buy And WatchMay 26, 2023 | msn.comMonday.com Versus SmartsheetMay 31, 2023 | Behind the Markets (Ad)"How war impacts the stock market"Russia's invasion of Ukraine has already sent the stock market down 10%. But that's just the opening act for the new Russia-China Alliance. There's a major event involving China that's heating up... and it could boil over as soon as April 16th, 2023. Click Here to Learn How to Protect Your RetirementMay 25, 2023 | msn.com10 Best Manufacturing Project Management Tools In 2023May 25, 2023 | msn.com10 Best Manufacturing Project Management Tools [2023]May 25, 2023 | msn.com10 Best Manufacturing Project Management Tools in [2023]May 25, 2023 | finance.yahoo.comHow Smartsheet Sticks Out In The Work Management Software MarketMay 24, 2023 | msn.com8 Best Project Management Tools for Educational InstitutesMay 24, 2023 | americanbankingnews.comSmartsheet Inc (NYSE:SMAR) Receives $49.06 Average Target Price from BrokeragesMay 22, 2023 | finance.yahoo.comWith Smartsheet Inc. (NYSE:SMAR) It Looks Like You'll Get What You Pay ForMay 19, 2023 | americanbankingnews.comJolene Lau Marshall Sells 1,051 Shares of Smartsheet Inc (NYSE:SMAR) StockMay 17, 2023 | msn.comBest Project Management Software for StudentsMay 16, 2023 | benzinga.comVisual Layer Announces $7 Million in Seed Funding from Madrona and Insight Partners to Provide Billion-Scale Visual Data Management PlatformMay 16, 2023 | finance.yahoo.comSmartsheet (SMAR) Upgraded to Buy: Here's What You Should KnowMay 15, 2023 | msn.com20 Employee Plan Template Options for Your Small BusinessMay 14, 2023 | marketwatch.comGlobal "Kanban Software Market" Trends 2023: Size and Forecast to 2030May 13, 2023 | msn.comBarron's Weekend Stock Picks: SoFi, General Dynamics And Why One Analyst Believes In SmartsheetMay 12, 2023 | msn.comSmartsheet gains amid M Science positive noteMay 12, 2023 | msn.comThe T&G Hometeam gymnastics all-stars for winter 2022-23May 10, 2023 | marketwatch.com2023, A Research Report on the Task Management Software Market With Statistics and ForecastsMay 10, 2023 | yahoo.comDevin McCourty guest speaker for Central Mass High School Sports AwardsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Earnings3/14/2023Today5/31/2023Next Earnings (Confirmed)6/07/2023Fiscal 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$49.06 High Stock Price Forecast$58.00 Low Stock Price Forecast$37.00 Forecasted Upside/Downside0.0%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage16 Analysts Profitability EPS (Most Recent Fiscal Year)($1.67) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-215,640,000.00 Net Margins-28.12% Pretax Margin-27.75% Return on Equity-43.31% Return on Assets-20.21% Debt Debt-to-Equity RatioN/A Current Ratio1.24 Quick Ratio1.24 Sales & Book Value Annual Sales$766.91 million Price / Sales8.48 Cash FlowN/A Price / Cash FlowN/A Book Value$3.68 per share Price / Book13.34Miscellaneous Outstanding Shares132,530,000Free Float126,284,000Market Cap$6.50 billion OptionableNot Optionable Beta1.07 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 CompetitorsCyberArk SoftwareNASDAQ:CYBRThe Descartes Systems GroupNASDAQ:DSGXSentinelOneNYSE:SGuidewire SoftwareNYSE:GWRENutanixNASDAQ:NTNXView All CompetitorsInsiders & InstitutionsLegato Capital Management LLCBought 10,601 shares on 5/25/2023Ownership: 0.008%Ameriprise Financial Inc.Bought 1,167,191 shares on 5/22/2023Ownership: 0.941%Putnam Investments LLCSold 6,873 shares on 5/22/2023Ownership: 0.081%American TrustBought 4,760 shares on 5/22/2023Ownership: 0.004%JPMorgan Chase & Co.Sold 36,025 shares on 5/18/2023Ownership: 1.242%View All Insider TransactionsView All Institutional Transactions SMAR Stock - Frequently Asked Questions Should I buy or sell Smartsheet stock right now? 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last twelve months. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SMAR shares. View SMAR analyst ratings or view top-rated stocks. What is Smartsheet's stock price forecast for 2023? 16 brokers have issued twelve-month price targets for Smartsheet's shares. Their SMAR share price forecasts range from $37.00 to $58.00. On average, they predict the company's share price to reach $49.06 in the next year. This suggests that the stock has a possible downside of 1.0%. 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 on January 1st, 2023. Since then, SMAR shares have increased by 25.9% and is now trading at $49.57. View the best growth stocks for 2023 here. When is Smartsheet's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023. View our SMAR earnings forecast. How can I listen to Smartsheet's earnings call? Smartsheet will be holding an earnings conference call on Wednesday, June 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199. How were Smartsheet's earnings last quarter? Smartsheet Inc (NYSE:SMAR) announced its quarterly earnings data on Tuesday, March, 14th. The company reported ($0.31) EPS for the quarter, beating analysts' consensus estimates of ($0.37) by $0.06. The firm earned $212.34 million during the quarter, compared to the consensus estimate of $206.08 million. Smartsheet had a negative trailing twelve-month return on equity of 43.31% and a negative net margin of 28.12%. What ETFs hold Smartsheet's stock? ETFs with the largest weight of Smartsheet (NYSE:SMAR) stock in their portfolio include MFAM Small-Cap Growth ETF (MFMS), Motley Fool Small-Cap Growth ETF (TMFS), Direxion Work From Home ETF (WFH), iShares Virtual Work and Life Multisector ETF (IWFH), Invesco DWA Technology Momentum ETF (PTF), Wedbush ETFMG Global Cloud Technology ETF (IVES), WisdomTree Cloud Computing Fund (WCLD) and ALPS O'Shares Global Internet Giants ETF (OGIG). What guidance has Smartsheet issued on next quarter's earnings? Smartsheet issued an update on its first quarter 2024 earnings guidance on Tuesday, March, 14th. The company provided earnings per share (EPS) guidance of $0.08-$0.09 for the period, compared to the consensus earnings per share estimate of -$0.06. The company issued revenue guidance of $213.00 million-$215.00 million, compared to the consensus revenue estimate of $217.10 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 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." Who are Smartsheet's major shareholders? Smartsheet's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.22%), Brown Capital Management LLC (4.54%), Dorsey Asset Management LLC (2.58%), State Street Corp (1.59%), First Trust Advisors LP (1.41%) and Geode Capital Management LLC (1.35%). Insiders that own company stock include Andrew Lee Bennett, Anna Griffin, Brendan Walsh, Brent Frei, Elena Gomez, Eugene Farrell, Geoffrey T Barker, James N White, Jennifer Ceran, Jolene Lau Marshall, Joseph M Jr Manko, Kara Hamilton, Magdalena Yesil, Mark Patrick Mader, Matthew S Mcilwain, Megan Hansen, Michael Arntz, Paul Porrini, Pete Godbole and Stephen Robert Branstetter. View institutional ownership trends. 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 $49.57. How much money does Smartsheet make? Smartsheet (NYSE:SMAR) has a market capitalization of $6.57 billion and generates $766.91 million in revenue each year. The company earns $-215,640,000.00 in net income (profit) each year or ($1.67) 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. 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