Smartsheet Stock Price, News & Analysis (NYSE:SMAR)

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SMAR shares.
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14 analysts have issued 12 month target prices for Smartsheet's stock. Their SMAR share price targets range from $40.00 to $60.00. On average, they predict the company's stock price to reach $52.53 in the next twelve months. This suggests a possible upside of 18.3% from the stock's current price.
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Smartsheet's stock was trading at $39.36 at the beginning of the year. Since then, SMAR stock has increased by 12.8% and is now trading at $44.40.
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Smartsheet saw a drop in short interest during 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 trading volume, of 1,370,000 shares, the days-to-cover ratio is currently 1.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our SMAR earnings forecast.

Smartsheet will be holding an earnings conference call on Thursday, December 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.

Smartsheet Inc (NYSE:SMAR) posted its earnings results on Thursday, September, 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.09. The company earned $235.60 million during the quarter, compared to analysts' expectations of $229.57 million. Smartsheet had a negative trailing twelve-month return on equity of 27.44% and a negative net margin of 16.84%. The company's quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.46) earnings per share.

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).

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 (IPO) 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 acted 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 variety of retail and institutional 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.
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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.
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