Smartsheet - SMAR Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last twelve months. There are currently 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SMAR shares.
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15 equities research analysts have issued 12 month target prices for Smartsheet's shares. Their SMAR share price forecasts range from $38.00 to $65.00. On average, they anticipate the company's stock price to reach $47.59 in the next year. This suggests a possible upside of 64.8% from the stock's current price.
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Smartsheet's stock was trading at $77.45 on January 1st, 2022. Since then, SMAR stock has decreased by 62.7% and is now trading at $28.87.
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Smartsheet saw a drop in short interest during the month of October. As of October 15th, there was short interest totaling 3,530,000 shares, a drop of 12.4% from the September 30th total of 4,030,000 shares. Based on an average daily trading volume, of 1,490,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.9% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 1st 2022.
View our SMAR earnings forecast.

Smartsheet will be holding an earnings conference call on Thursday, December 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.

Smartsheet Inc (NYSE:SMAR) released its earnings results on Thursday, September, 1st. The company reported ($0.46) EPS for the quarter, beating analysts' consensus estimates of ($0.56) by $0.10. The firm had revenue of $186.70 million for the quarter, compared to analyst estimates of $180.56 million. Smartsheet had a negative trailing twelve-month return on equity of 42.47% and a negative net margin of 33.88%. The firm's quarterly revenue was up 41.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.28) EPS.

Smartsheet updated its third quarter 2023 earnings guidance on Thursday, September, 29th. The company provided earnings per share guidance of -$0.16--$0.15 for the period, compared to the consensus earnings per share estimate of -$0.15. The company issued revenue guidance of $193.00 million-$194.00 million, compared to the consensus revenue estimate of $195.06 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 (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 number 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.
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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 $28.87.

Smartsheet (NYSE:SMAR) has a market capitalization of $3.74 billion and generates $550.83 million in revenue each year. The company earns $-171,100,000.00 in net income (profit) each year or ($1.74) 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.