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NYSE:SMAR

Smartsheet - SMAR Stock Forecast, Price & News

$37.33
+1.50 (+4.19%)
(As of 08/12/2022 12:00 AM ET)
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Compare
Today's Range
$36.25
$37.54
50-Day Range
$27.45
$40.58
52-Week Range
$27.05
$85.65
Volume
1.20 million shs
Average Volume
1.31 million shs
Market Capitalization
$4.83 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$58.50

Smartsheet MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
54.8% Upside
$57.80 Price Target
Short Interest
Healthy
3.92% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.46
Upright™ Environmental Score
News Sentiment
0.52mentions of Smartsheet in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$531,326 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.88) to ($1.60) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Computer And Technology Sector

242nd out of 659 stocks

Prepackaged Software Industry

72nd out of 230 stocks

SMAR stock logo

About Smartsheet (NYSE:SMAR) Stock

Smartsheet, Inc. engages in managing and automating collaborative work. Its platform provides solutions that eliminate the obstacles to capturing information, including a familiar and intuitive spreadsheet interface as well as easily customizable forms. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason and Brent R. Frei in June 2005 and is headquartered in Bellevue, WA.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SMAR. Guggenheim began coverage on shares of Smartsheet in a research report on Friday. They set a "buy" rating and a $48.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of Smartsheet from $75.00 to $68.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 8th. Jefferies Financial Group decreased their price objective on shares of Smartsheet from $75.00 to $50.00 in a research report on Monday, May 23rd. Wells Fargo & Company decreased their price objective on shares of Smartsheet from $55.00 to $50.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Smartsheet from $80.00 to $58.00 in a research report on Wednesday, June 8th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $58.25.

Smartsheet Stock Performance

Shares of NYSE:SMAR traded up $1.50 on Friday, reaching $37.33. The company's stock had a trading volume of 1,204,973 shares, compared to its average volume of 1,827,066. Smartsheet has a 52-week low of $27.05 and a 52-week high of $85.65. The company has a market cap of $4.83 billion, a P/E ratio of -23.19 and a beta of 1.47. The company has a 50-day simple moving average of $32.48 and a 200 day simple moving average of $44.11.

Smartsheet (NYSE:SMAR - Get Rating) last released its quarterly earnings results on Tuesday, June 7th. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of ($0.52) by ($0.01). Smartsheet had a negative return on equity of 36.73% and a negative net margin of 33.96%. The firm had revenue of $168.31 million for the quarter, compared to analysts' expectations of $162.55 million. During the same period in the prior year, the firm posted ($0.28) earnings per share. Smartsheet's revenue for the quarter was up 43.8% on a year-over-year basis. On average, equities research analysts forecast that Smartsheet will post -1.88 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Elena Gomez sold 6,250 shares of Smartsheet stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $30.47, for a total transaction of $190,437.50. Following the completion of the transaction, the director now directly owns 6,003 shares of the company's stock, valued at approximately $182,911.41. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Jolene Lau Marshall sold 5,000 shares of Smartsheet stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $31.77, for a total transaction of $158,850.00. Following the completion of the sale, the insider now owns 17,597 shares in the company, valued at approximately $559,056.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Elena Gomez sold 6,250 shares of Smartsheet stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $30.47, for a total transaction of $190,437.50. Following the sale, the director now owns 6,003 shares of the company's stock, valued at approximately $182,911.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,029 shares of company stock valued at $531,326. Company insiders own 4.58% of the company's stock.

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SMAR Stock News Headlines

Smartsheet Names Dennis Durkin to Board of Directors
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SMAR Company Calendar

Last Earnings
6/07/2022
Today
8/13/2022
Next Earnings (Confirmed)
9/01/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
2,539
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$57.80
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+56.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
14 Analysts

Profitability

Net Income
$-171,100,000.00
Pretax Margin
-33.89%

Debt

Sales & Book Value

Annual Sales
$550.83 million
Book Value
$3.95 per share

Miscellaneous

Free Float
123,521,000
Market Cap
$4.83 billion
Optionable
Not Optionable
Beta
1.47














SMAR Stock - Frequently Asked Questions

Should I buy or sell Smartsheet stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last twelve months. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SMAR shares.
View SMAR analyst ratings
or view top-rated stocks.

What is Smartsheet's stock price forecast for 2022?

14 brokerages have issued twelve-month price targets for Smartsheet's shares. Their SMAR share price forecasts range from $38.00 to $100.00. On average, they expect the company's stock price to reach $57.80 in the next year. This suggests a possible upside of 54.8% from the stock's current price.
View analysts price targets for SMAR
or view top-rated stocks among Wall Street analysts.

How have SMAR shares performed in 2022?

Smartsheet's stock was trading at $77.45 on January 1st, 2022. Since then, SMAR shares have decreased by 51.8% and is now trading at $37.33.
View the best growth stocks for 2022 here
.

Are investors shorting Smartsheet?

Smartsheet saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 4,810,000 shares, a decline of 26.8% from the July 15th total of 6,570,000 shares. Based on an average daily trading volume, of 2,110,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 3.9% of the shares of the company are sold short.
View Smartsheet's Short Interest
.

When is Smartsheet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our SMAR earnings forecast
.

How can I listen to Smartsheet's earnings call?

Smartsheet will be holding an earnings conference call on Thursday, September 1st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199.

How were Smartsheet's earnings last quarter?

Smartsheet Inc (NYSE:SMAR) released its quarterly earnings results on Tuesday, June, 7th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.52) by $0.01. The business earned $168.31 million during the quarter, compared to analysts' expectations of $162.55 million. Smartsheet had a negative net margin of 33.96% and a negative trailing twelve-month return on equity of 36.73%. The business's revenue for the quarter was up 43.8% on a year-over-year basis. During the same period last year, the company posted ($0.28) earnings per share.

What guidance has Smartsheet issued on next quarter's earnings?

Smartsheet updated its second quarter 2023 earnings guidance on Tuesday, July, 5th. The company provided earnings per share (EPS) guidance of -$0.21--$0.19 for the period, compared to the consensus EPS estimate of -$0.17. The company issued revenue guidance of $180.00 million-$181.00 million, compared to the consensus revenue estimate of $179.52 million.

What is Mark Mader's approval rating as Smartsheet's CEO?

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.

What other stocks do shareholders of Smartsheet own?

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).

When did Smartsheet IPO?

(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.

What is Smartsheet's stock symbol?

Smartsheet trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMAR."

Who are Smartsheet's major shareholders?

Smartsheet's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include TimesSquare Capital Management LLC (1.47%), JPMorgan Chase & Co. (1.41%), Allianz Asset Management GmbH (1.25%), Clearbridge Investments LLC (1.14%), Sachem Head Capital Management LP (1.04%) and Bank of Nova Scotia (0.60%). 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
.

How do I buy shares of Smartsheet?

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.

What is Smartsheet's stock price today?

One share of SMAR stock can currently be purchased for approximately $37.33.

How much money does Smartsheet make?

Smartsheet (NYSE:SMAR) has a market capitalization of $4.83 billion and generates $550.83 million in revenue each year. The company earns $-171,100,000.00 in net income (profit) each year or ($1.61) on an earnings per share basis.

How many employees does Smartsheet have?

The company employs 2,539 workers across the globe.

How can I contact Smartsheet?

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.

This page (NYSE:SMAR) was last updated on 8/13/2022 by MarketBeat.com Staff

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