Smartsheet - SMAR Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last twelve months. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SMAR shares.
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16 Wall Street analysts have issued 12-month price targets for Smartsheet's stock. Their SMAR share price forecasts range from $36.00 to $65.00. On average, they anticipate the company's share price to reach $47.17 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price.
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Smartsheet's stock was trading at $39.36 on January 1st, 2023. Since then, SMAR stock has increased by 15.1% and is now trading at $45.32.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 21st 2023.
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Smartsheet Inc (NYSE:SMAR) announced its earnings results on Thursday, December, 1st. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.51) by $0.21. The business earned $199.58 million during the quarter, compared to analysts' expectations of $193.66 million. Smartsheet had a negative trailing twelve-month return on equity of 45.17% and a negative net margin of 31.75%.

Smartsheet issued an update on its fourth quarter 2023 earnings guidance on Saturday, December, 31st. The company provided EPS guidance of -$0.02-0 for the period, compared to the consensus 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 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 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 New York State Common Retirement Fund (0.78%), Glynn Capital Management LLC (0.48%), Clarius Group LLC (0.15%), State of New Jersey Common Pension Fund D (0.06%), Fort Washington Investment Advisors Inc. OH (0.03%) and Bank of Montreal Can (0.03%). 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.
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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.
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One share of SMAR stock can currently be purchased for approximately $45.32.

Smartsheet (NYSE:SMAR) has a market capitalization of $5.95 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.