Smartsheet (SMAR) Stock Forecast, Price & News

13 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 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SMAR shares.
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13 equities research analysts have issued 12 month target prices for Smartsheet's shares. Their SMAR share price forecasts range from $40.00 to $57.00. On average, they predict the company's share price to reach $51.53 in the next twelve months. This suggests a possible upside of 31.4% 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 decreased by 0.3% and is now trading at $39.23.
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Smartsheet saw a drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,210,000 shares, a drop 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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
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Smartsheet Inc (NYSE:SMAR) issued its quarterly earnings results on Thursday, September, 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 net margin of 16.84% and a negative trailing twelve-month return on equity of 27.44%. The business's quarterly revenue was up 26.2% on a year-over-year basis. During the same period last year, the firm posted ($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).

Smartsheet updated its FY24 earnings guidance on Thursday, September, 7th. The company provided 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.

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 served as the underwriters for the IPO and Canaccord Genuity, William Blair and SunTrust Robinson Humphrey were co-managers.

Smartsheet trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMAR."

Smartsheet's stock is owned by a variety of institutional and retail investors. Top institutional investors include Capital World Investors (11.86%), BlackRock Inc. (5.27%), Brown Capital Management LLC (4.76%), North Peak Capital Management LLC (2.69%), Capital Research Global Investors (2.66%) and Alliancebernstein L.P. (2.54%). 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, 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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One share of SMAR stock can currently be purchased for approximately $39.23.

Smartsheet (NYSE:SMAR) has a market capitalization of $5.30 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.

The company employs 3,191 workers across the globe.

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.