NYSE:SMARSmartsheet Stock Price, Forecast & News

Smartsheet's stock was trading at $38.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SMAR shares have increased by 16.5% and is now trading at $44.75.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 6 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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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) announced its quarterly earnings data on Wednesday, June, 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.08. The firm earned $85.50 million during the quarter, compared to the consensus estimate of $81.40 million. Smartsheet had a negative return on equity of 19.19% and a negative net margin of 34.62%. The business's revenue for the quarter was up 52.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) earnings per share.
View Smartsheet's earnings history.

Smartsheet issued an update on 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 EPS estimate of ($0.56). The company issued revenue guidance of $360-$370 million, compared to the consensus revenue estimate of $371.51 million.

16 equities research analysts have issued 1-year target prices for Smartsheet's stock. Their forecasts range from $45.00 to $67.00. On average, they anticipate Smartsheet's share price to reach $53.00 in the next year. This suggests a possible upside of 18.4% from the stock's current price.
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Headlines about SMAR stock have trended positive on Friday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Smartsheet earned a media sentiment score of 2.1 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
View the latest news about Smartsheet.

Some companies that are related to Smartsheet include Coupa Software (COUP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Citrix Systems (CTXS), Paycom Software (PAYC), SS&C Technologies (SSNC), Tyler Technologies (TYL), Nice (NICE), Symantec (SYMC), NortonLifeLock (NLOK), Mongodb (MDB), Cloudflare (NET), Dynatrace (DT), HubSpot (HUBS) and Black Knight (BKI).
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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 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 many different retail and institutional investors. Top institutional shareholders include First Trust Advisors LP (2.97%), New York State Common Retirement Fund (0.79%), Glynn Capital Management LLC (0.44%), Swiss National Bank (0.20%), Clarius Group LLC (0.18%) and UBS Group AG (0.07%). Company insiders that own Smartsheet stock include Anna Griffin, Brent Frei, Elena Gomez, Eugene Farrell, Geoffrey T Barker, Insight Holdings Group, Llc, James N White, Jennifer Ceran, Kara Hamilton, Magdalena Yesil, Mark Patrick Mader, Matthew S Mcilwain, Michael Arntz, Paul Porrini and Venture Fund L P Madrona III.
View institutional ownership trends for Smartsheet.

SMAR stock was sold by a variety of institutional investors in the last quarter, including Glynn Capital Management LLC, Clarius Group LLC, SG Americas Securities LLC, Great Valley Advisor Group Inc., Perkins Coie Trust Co, Hodges Capital Management Inc., and Creative Planning. Company insiders that have sold Smartsheet company stock in the last year include Anna Griffin, Brent Frei, Elena Gomez, Eugene Farrell, Geoffrey T Barker, Jennifer Ceran, Kara Hamilton, Magdalena Yesil, Mark Patrick Mader, Matthew S Mcilwain, Michael Arntz, and Paul Porrini.
View insider buying and selling activity for Smartsheet.

SMAR stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, New York State Common Retirement Fund, UBS Group AG, Swiss National Bank, Vident Investment Advisory LLC, Vident Investment Advisory LLC, Granite Investment Partners LLC, and Highland Capital Management LLC.
View insider buying and selling activity for Smartsheet.

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 $44.75.

Smartsheet has a market capitalization of $5.36 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]