Smartsheet (SMAR) Stock Price, News & Analysis

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last twelve months. There are currently 4 hold ratings and 11 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.

15 brokerages have issued 12-month target prices for Smartsheet's shares. Their SMAR share price targets range from $40.00 to $60.00. On average, they predict the company's stock price to reach $53.13 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price.
View analysts price targets for SMAR or view top-rated stocks among Wall Street analysts.

Smartsheet's stock was trading at $39.36 at the beginning of 2023. Since then, SMAR shares have increased by 12.2% and is now trading at $44.16.
View the best growth stocks for 2023 here.

Smartsheet saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 2,600,000 shares, a drop of 16.7% from the October 15th total of 3,120,000 shares. Based on an average daily volume of 1,370,000 shares, the days-to-cover ratio is presently 1.9 days.
View Smartsheet's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 12th 2024.
View our SMAR earnings forecast.

Smartsheet Inc (NYSE:SMAR) released its quarterly earnings data on Thursday, December, 7th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.07. The company had revenue of $245.90 million for the quarter, compared to analysts' expectations of $241.36 million. Smartsheet had a negative net margin of 15.15% and a negative trailing twelve-month return on equity of 24.43%. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.30) EPS.

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).

Smartsheet issued an update on its FY24 earnings guidance on Thursday, December, 7th. The company provided EPS guidance of $0.68-0.69 for the period, compared to the consensus estimate of $0.55. The company issued revenue guidance of $955-957 million, compared to the consensus revenue estimate of $951.96 million.

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.

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).

(SMAR) raised $128 million in an initial public offering on Friday, April 27th 2018. The company issued 11,600,000 shares at $10.00-$12.00 per share. Morgan Stanley, J.P. Morgan, Jefferies and RBC Capital Markets served as the underwriters for the IPO and Canaccord Genuity, William Blair and SunTrust Robinson Humphrey were co-managers.

Smartsheet's stock is owned by a number of institutional and retail investors. Top institutional investors include Eminence Capital LP (2.46%), Westfield Capital Management Co. LP (1.84%), TimesSquare Capital Management LLC (1.55%), JPMorgan Chase & Co. (1.20%), Alkeon Capital Management LLC (0.99%) and RGM Capital LLC (0.93%). Insiders that own company stock include Alissa Jamese Abdullah, Andrew Lee Bennett, Anna Griffin, Brendan Walsh, Brent Frei, Elena Gomez, Eugene Farrell, Geoffrey T Barker, James N White, Jolene Lau Marshall, Joseph M Jr Manko, Kara Hamilton, Magdalena Yesil, Mark Patrick Mader, Matthew S Mcilwain, Megan Hansen, Michael Arntz, Michael P Gregoire, Paul Porrini, Pete Godbole and Stephen Robert Branstetter.
View institutional ownership trends.

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.