NYSE:SMARSmartsheet Stock Price, Forecast & News

Smartsheet's stock was trading at $38.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SMAR stock has increased by 33.9% and is now trading at $51.42. 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) released its quarterly earnings data on Wednesday, June, 3rd. The company reported ($0.11) EPS for the quarter, beating the Zacks' consensus estimate of ($0.19) by $0.08. The company 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 firm's quarterly revenue was up 52.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.12) EPS. View Smartsheet's earnings history.

Smartsheet updated its FY21 earnings guidance on Wednesday, June, 3rd. The company provided earnings per share 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 equities research analysts have issued 1 year price targets for Smartsheet's shares. Their forecasts range from $45.00 to $67.00. On average, they expect Smartsheet's share price to reach $52.53 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price. View analysts' price targets for Smartsheet.

Press coverage about SMAR stock has trended very negative recently, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Smartsheet earned a coverage optimism score of -3.8 on InfoTrie's scale. They also assigned media 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 company's share price in the immediate future. View the latest news about Smartsheet.

Some companies that are related to Smartsheet include Crowdstrike (CRWD), Atlassian (TEAM), Coupa Software (COUP), Citrix Systems (CTXS), Paycom Software (PAYC), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Tableau Software (DATA), SS&C Technologies (SSNC), Tyler Technologies (TYL), Mongodb (MDB), Symantec (SYMC), Dynatrace (DT), Cloudflare (NET) and Nice (NICE). 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 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 acted 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 number of retail and institutional investors. Top institutional shareholders include Clarius Group LLC (0.18%), Carnegie Capital Asset Management LLC (0.05%), Envestnet Asset Management Inc. (0.01%) and Diversified Trust Co (0.01%). 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 Clarius Group LLC. 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 purchased by a variety of institutional investors in the last quarter, including Carnegie Capital Asset Management LLC, Envestnet Asset Management Inc., and Diversified Trust Co. 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 $51.42.

Smartsheet has a market capitalization of $6.16 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]