Smartsheet - SMAR Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SMAR shares.
View SMAR analyst ratings or view top-rated stocks.

15 brokerages have issued 1 year target prices for Smartsheet's shares. Their SMAR share price forecasts range from $36.00 to $65.00. On average, they anticipate the company's stock price to reach $47.29 in the next year. This suggests a possible upside of 28.3% 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 $77.45 at the beginning of the year. Since then, SMAR shares have decreased by 52.4% and is now trading at $36.85.
View the best growth stocks for 2022 here.

Smartsheet Inc (NYSE:SMAR) posted its quarterly earnings results on Thursday, December, 2nd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.08. The firm earned $144.60 million during the quarter, compared to analysts' expectations of $139.93 million. Smartsheet had a negative net margin of 31.75% and a negative trailing twelve-month return on equity of 44.84%. The firm's quarterly revenue was up 46.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.27) EPS.

Smartsheet updated its fourth quarter 2023 earnings guidance on Thursday, December, 1st. The company provided earnings per share (EPS) guidance of -$0.02-0 for the period, compared to the consensus EPS estimate of -$0.09. The company issued revenue guidance of $205.00 million-$207.00 million, compared to the consensus revenue estimate of $204.38 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 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 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 Vanguard Group Inc. (9.08%), BlackRock Inc. (5.07%), Alliancebernstein L.P. (2.94%), Eminence Capital LP (1.87%), 12 West Capital Management LP (1.85%) and First Trust Advisors LP (1.56%). 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, Paul Porrini, Pete Godbole and Stephen Robert Branstetter.
View institutional ownership trends.

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.

One share of SMAR stock can currently be purchased for approximately $36.85.

Smartsheet (NYSE:SMAR) has a market capitalization of $4.77 billion and generates $550.83 million in revenue each year. The company earns $-171,100,000.00 in net income (profit) each year or ($1.76) on an earnings per share basis.

The company employs 2,539 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.