Smartsheet Stock Forecast, Price & News

Smartsheet's stock was trading at $49.39 on November 3rd, 2020 when the presidential election occured and Joe Biden was elected president. Since then, SMAR shares have increased by 8.6% and is now trading at $53.62.
View which stocks have been most impacted by the election.

Smartsheet's stock was trading at $38.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SMAR shares have increased by 39.6% and is now trading at $53.62.
View which stocks have been most impacted by COVID-19.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Smartsheet.

Wall Street analysts have given Smartsheet a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Smartsheet wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Smartsheet is scheduled to release its next quarterly earnings announcement on Monday, December 7th 2020.
View our earnings forecast for Smartsheet.

Smartsheet will be holding an earnings conference call on Monday, December 7th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Smartsheet Inc (NYSE:SMAR) released its quarterly earnings results on Wednesday, September, 2nd. The company reported ($0.06) EPS for the quarter, beating the Zacks' consensus estimate of ($0.16) by $0.10. The firm had revenue of $91.22 million for the quarter, compared to analysts' expectations of $86.53 million. Smartsheet had a negative return on equity of 20.90% and a negative net margin of 34.08%. The business's revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.08) EPS.
View Smartsheet's earnings history.

Smartsheet updated its FY21 earnings guidance on Wednesday, September, 2nd. The company provided earnings per share guidance of $(0.54)-(0.49) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.50). The company issued revenue guidance of $367-373 million, compared to the consensus revenue estimate of $364.66 million.

13 brokerages have issued 1-year target prices for Smartsheet's stock. Their forecasts range from $45.00 to $68.00. On average, they anticipate Smartsheet's share price to reach $59.64 in the next year. This suggests a possible upside of 11.2% from the stock's current price.
View analysts' price targets for Smartsheet.

Smartsheet saw a decline in short interest in the month of October. As of October 30th, there was short interest totaling 9,830,000 shares, a decline of 18.2% from the October 15th total of 12,010,000 shares. Based on an average daily volume of 1,610,000 shares, the days-to-cover ratio is presently 6.1 days.
View Smartsheet's Short Interest.

Some companies that are related to Smartsheet include Paycom Software (PAYC), Coupa Software (COUP), Cloudflare (NET), Take-Two Interactive Software (TTWO), SS&C Technologies (SSNC), Check Point Software Technologies (CHKP), HubSpot (HUBS), Tyler Technologies (TYL), Slack Technologies (WORK), MongoDB (MDB), NICE (NICE), Citrix Systems (CTXS), Black Knight (BKI), Avalara (AVLR) and Ceridian HCM (CDAY).
View all competitors.

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), Square (SQ), Shopify (SHOP), The Trade Desk (TTD), salesforce.com (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 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.56%), Champlain Investment Partners LLC (3.25%), 12 West Capital Management LP (2.93%), First Trust Advisors LP (2.71%), JPMorgan Chase & Co. (1.95%) and Alkeon Capital Management LLC (1.77%). 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 Morgan Stanley, BlackRock Inc., 12 West Capital Management LP, Artemis Investment Management LLP, First Trust Advisors LP, UBS Asset Management Americas Inc., Alkeon Capital Management LLC, and Allianz Asset Management GmbH. 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 Champlain Investment Partners LLC, Glynn Capital Management LLC, Bloom Tree Partners LLC, Charles Schwab Investment Management Inc., Keenan Capital LLC, Jennison Associates LLC, Ashford Capital Management Inc., and Nikko Asset Management Americas Inc..
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 $53.62.

Smartsheet has a market capitalization of $6.47 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]