NYSE:SMARSmartsheet Stock Price, Forecast & News

Smartsheet's stock was trading at $38.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SMAR stock has increased by 37.2% and is now trading at $52.70. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 6 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Smartsheet.

Smartsheet is scheduled to release its next quarterly earnings announcement on Wednesday, September 2nd 2020. View our earnings forecast for Smartsheet.

Smartsheet Inc (NYSE:SMAR) issued its quarterly earnings results on Wednesday, June, 3rd. The company reported ($0.11) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.08. The business earned $85.50 million during the quarter, compared to analyst estimates of $81.40 million. Smartsheet had a negative net margin of 34.62% and a negative return on equity of 19.19%. The firm's quarterly revenue was up 52.1% compared to the same quarter last year. During the same period last year, the business earned ($0.12) earnings per share. View Smartsheet's earnings history.

Smartsheet updated its FY21 earnings guidance on Wednesday, June, 3rd. The company provided EPS guidance of ($0.54)-($0.45) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.56). The company issued revenue guidance of $360-$370 million, compared to the consensus revenue estimate of $371.51 million.

15 analysts have issued 12-month price objectives for Smartsheet's stock. Their forecasts range from $45.00 to $67.00. On average, they expect Smartsheet's share price to reach $52.20 in the next year. This suggests that the stock has a possible downside of 0.9%. View analysts' price targets for Smartsheet.

Media coverage about SMAR stock has trended somewhat negative on Friday, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Smartsheet earned a news impact score of -1.3 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Smartsheet.

Some companies that are related to Smartsheet include ANSYS (ANSS), Atlassian (TEAM), Crowdstrike (CRWD), Coupa Software (COUP), Paycom Software (PAYC), Citrix Systems (CTXS), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Tableau Software (DATA), SS&C Technologies (SSNC), Tyler Technologies (TYL), Mongodb (MDB), Symantec (SYMC), Ceridian HCM (CDAY) and Dynatrace (DT). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Smartsheet investors own include NVIDIA (NVDA), Alibaba Group (BABA), Twilio (TWLO), Shopify (SHOP), Trade Desk (TTD), Okta (OKTA), Netflix (NFLX), Square (SQ), Docusign (DOCU) and Mongodb (MDB).

(SMAR) raised $128 million in an initial public offering 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 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."

Shares of SMAR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SMAR stock can currently be purchased for approximately $52.70.

Smartsheet has a market capitalization of $6.31 billion and generates $270.88 million in revenue each year. The company earns $-95,940,000.00 in net income (profit) each year or ($0.82) on an earnings per share basis. Smartsheet employs 1,588 workers across the globe.

The official website for Smartsheet is www.smartsheet.com.

Smartsheet's mailing address is 10500 NE 8TH STREET SUITE 1300, BELLEVUE WA, 98004. The company can be reached via phone at 844-324-2360 or via email at [email protected]