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NYSE:SMAR

Smartsheet (SMAR) Stock Forecast, Price & News

$40.20
+0.50 (+1.26%)
(As of 09:51 AM ET)
Compare
Today's Range
$39.87
$40.59
50-Day Range
$38.58
$44.41
52-Week Range
$25.09
$52.81
Volume
41,601 shs
Average Volume
1.47 million shs
Market Capitalization
$5.43 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$51.53

Smartsheet MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
29.8% Upside
$51.53 Price Target
Short Interest
Healthy
2.38% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.46
Upright™ Environmental Score
News Sentiment
0.67mentions of Smartsheet in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$8.16 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.00) to ($0.78) Per Share

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 stars

Computer And Technology Sector

73rd out of 595 stocks

Prepackaged Software Industry

15th out of 200 stocks


SMAR stock logo

About Smartsheet (NYSE:SMAR) Stock

Smartsheet, 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.

SMAR Price History

SMAR Stock News Headlines

Smartsheet (NYSE:SMAR) Given Overweight Rating at Morgan Stanley
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.
Smartsheet Inc (NYSE:SMAR) CRO Sells $36,876.84 in Stock
Smartsheet Inc (NYSE:SMAR) Insider Sells $85,320.18 in Stock
Smartsheet (NYSE:SMAR) Stock Rating Reaffirmed by Truist Financial
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.
William Blair Remains a Buy on Smartsheet (SMAR)
8 Analysts Have This to Say About Smartsheet
Smartsheet (SMAR) Receives a Buy from Jefferies
Why Smartsheet (SMAR) Might be Well Poised for a Surge
Smartsheet (SMAR) Gets a Buy from Berenberg Bank
Smartsheet vs. Wrike (2023): Which Is the Better Tool?
See More Headlines
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SMAR Company Calendar

Last Earnings
9/07/2023
Today
10/04/2023
Next Earnings (Estimated)
12/07/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
3,191
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
13 Analysts

Profitability

Net Income
$-215,640,000.00
Pretax Margin
-15.95%

Debt

Sales & Book Value

Annual Sales
$766.91 million
Book Value
$3.68 per share

Miscellaneous

Free Float
128,768,000
Market Cap
$5.37 billion
Optionable
Not Optionable
Beta
0.96
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Key Executives

  • Mark Mader
    Chief Executive Officer & President
  • Mike Arntz
    Chief Revenue Officer & EVP of Worldwide Field Operations
  • Jenny Ceran
    Chief Financial Officer & Treasurer
  • Gene FarrellGene Farrell
    Chief Product Officer
  • Paul PorriniPaul Porrini
    Chief Legal Officer & General Counsel
  • Kara HamiltonKara Hamilton
    Chief People & Culture Officer
  • Praerit Garg
    Chief Technology Officer & EVP of Engineering













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 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

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