NYSE:SMAR

Smartsheet - SMAR Stock Forecast, Price & News

$35.03

-1.52 (-4.16%)

(As of 08/19/2022 12:00 AM ET)

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Today's Range: $34.59
▼
$36.01
50-Day Range: $27.45
▼
$38.18
52-Week Range: $27.05
▼
$85.65

Volume: 952,388 shs
Average Volume: 1.81 million shs
Market Capitalization: $4.53 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $57.80

Smartsheet MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 65.0% 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: 0.34
Based on 8 Articles This Week
Insider Trading: Selling Shares
$765,014 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.

2.50 out of 5 stars

Computer And Technology Sector

219th out of 653 stocks

Prepackaged Software Industry

68th out of 230 stocks

3.4

Analyst's Opinion

Consensus Rating
Smartsheet has received a consensus rating of Buy. The company's average rating score is 2.85, and is based on 11 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $57.80, Smartsheet has a forecasted upside of 65.0% from its current price of $35.03.
Amount of Analyst Coverage
Smartsheet has only been the subject of 4 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
3.92% of the float of Smartsheet has been sold short.
Short Interest Ratio / Days to Cover
Smartsheet has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Smartsheet has recently decreased by 26.79%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Smartsheet does not currently pay a dividend.
Dividend Growth
Smartsheet does not have a long track record of dividend growth.

3.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Smartsheet has received a 44.00% net impact score from Upright. Smartsheet seems to create the most significant positive value in categories "Taxes", "Relationships", and "Jobs". The positive contribution in the "Relationships" impact category is false driven by its "Collaboration software" and "Enterprise resource management software" products. See details.
Environmental Sustainability
The Environmental Impact score for Smartsheet is -0.46.

2.4

News and Social Media Coverage

News Sentiment
Smartsheet has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Smartsheet this week, compared to 4 articles on an average week.
Search Interest
Only 2 people have searched for SMAR on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
10 people have added Smartsheet to their MarketBeat watchlist in the last 30 days. This is an increase of 43% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Smartsheet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $765,014.00 in company stock.
Percentage Held by Insiders
Only 4.58% of the stock of Smartsheet is held by insiders.
Percentage Held by Institutions
88.88% of the stock of Smartsheet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Smartsheet are expected to grow in the coming year, from ($1.88) to ($1.60) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Smartsheet is -21.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Smartsheet is -21.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Smartsheet has a P/B Ratio of 8.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

Smartsheet Stock Performance

Shares of SMAR Stock traded down $1.78 during midday trading on Friday, reaching $34.77. 28,633 shares of the company were exchanged, compared to its average volume of 1,305,908. The company's 50 day moving average price is $32.36 and its two-hundred day moving average price is $43.41. The company has a market cap of $4.50 billion, a P/E ratio of -21.81 and a beta of 1.47. Smartsheet has a 12 month low of $27.05 and a 12 month high of $85.65.

Smartsheet (NYSE:SMAR - Get Rating) last released its earnings results on Tuesday, June 7th. The company reported ($0.53) earnings per share 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 during the quarter, compared to analyst estimates of $162.55 million. During the same quarter last year, the company earned ($0.28) earnings per share. The business's revenue for the quarter was up 43.8% on a year-over-year basis. As a group, sell-side analysts predict that Smartsheet will post -1.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SMAR shares. Guggenheim began coverage on shares of Smartsheet in a research note on Friday, August 12th. They issued a "buy" rating and a $48.00 target price on the stock. Wells Fargo & Company decreased their target price on Smartsheet from $55.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday, June 7th. JPMorgan Chase & Co. dropped their price target on Smartsheet from $80.00 to $58.00 in a research report on Wednesday, June 8th. BMO Capital Markets decreased their price objective on shares of Smartsheet from $50.00 to $43.00 in a report on Wednesday, June 8th. Finally, Jefferies Financial Group reduced their price target on shares of Smartsheet from $75.00 to $50.00 in a research report on Monday, May 23rd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.25.

Insider Activity at Smartsheet

In related news, Director Elena Gomez sold 6,250 shares of the business's stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $30.47, for a total value of $190,437.50. Following the sale, the director now directly owns 6,003 shares in the company, valued at approximately $182,911.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Elena Gomez sold 6,250 shares of the firm's stock in a transaction on Friday, July 15th. The stock was sold at an average price of $30.47, for a total transaction of $190,437.50. Following the completion of the sale, 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 accessible through this hyperlink. Also, insider Jolene Lau Marshall sold 5,000 shares of Smartsheet stock in a transaction on Friday, July 1st. The stock was sold at an average price of $31.77, for a total value of $158,850.00. Following the completion of the transaction, the insider now owns 17,597 shares in the company, valued at $559,056.69. The disclosure for this sale can be found here. Insiders sold 23,279 shares of company stock valued at $765,014 over the last 90 days. 4.58% of the stock is currently owned by corporate insiders.

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SMAR Stock News Headlines

August 17, 2022 | americanbankingnews.com

Investors Purchase Large Volume of Call Options on Smartsheet (NYSE:SMAR)

August 16, 2022 | seekingalpha.com

Smartsheet stock gains after activist Sachem Head reports stake in 13-F filing (NYSE:SMAR) - Seeking Alpha

August 14, 2022 | americanbankingnews.com

Smartsheet (NYSE:SMAR) Coverage Initiated at Guggenheim

August 12, 2022 | forbes.com

Smartsheet Pricing And Fees 2022 Guide – Forbes Advisor - Forbes

August 11, 2022 | barrons.com

Stock Futures Rise Ahead of Preliminary Consumer Sentiment Gauge - Barron's

August 9, 2022 | businesswire.com

Thousands of Innovators to Hear from Smartsheet Executives, McLaren Racing CEO and Global Brands at ENGAGE 2022 - Business Wire

August 9, 2022 | finance.yahoo.com

Thousands of Innovators to Hear from Smartsheet Executives, McLaren Racing CEO and Global Brands at ENGAGE 2022

August 9, 2022 | nasdaq.com

EverCommerce (EVCM) Reports Q2 Loss, Tops Revenue Estimates - Nasdaq

August 5, 2022 | businesswire.com

Smartsheet Names Dennis Durkin to Board of Directors - Business Wire

August 5, 2022 | finance.yahoo.com

Smartsheet Names Dennis Durkin to Board of Directors

August 4, 2022 | finance.yahoo.com

Smartsheet to Announce Second Quarter of Fiscal Year 2023 Financial Results on September 1, 2022

July 30, 2022 | americanbankingnews.com

Smartsheet Inc (NYSE:SMAR) Given Average Recommendation of "Moderate Buy" by Brokerages

July 23, 2022 | seekingalpha.com

Smartsheet: The Best Deal In The Software Sector (NYSE:SMAR) - Seeking Alpha

July 18, 2022 | nasdaq.com

Interesting SMAR Put And Call Options For September 16th - Nasdaq

June 10, 2022 | barrons.com

NIO Stock Still Has Fans on Wall Street After This Week's Drop - Barron's

June 10, 2022 | investing.com

Pre-Open Stock Movers 06/08: Intel Falls on Negative Commentary; Roku Gains on Rumors (more...) By Investing.com - Investing.com

June 9, 2022 | benzinga.com

BMO Capital Maintains Outperform on Smartsheet, Lowers Price Target to $43 - Benzinga - Benzinga

June 9, 2022 | benzinga.com

What 13 Analyst Ratings Have To Say About Smartsheet - Benzinga - Benzinga

June 8, 2022 | benzinga.com

Morgan Stanley Maintains Overweight on Smartsheet, Lowers Price Target to $68 - Benzinga - Benzinga

June 8, 2022 | streetinsider.com

After-Hours Stock Movers 06/07: DocuSign Gains on Microsoft Deal; Smartsheet Falls on Earnings - StreetInsider.com

June 8, 2022 | morningstar.com

Smartsheet stock declines following wider-than-expected loss forecast - Morningstar

June 8, 2022 | barrons.com

Smartsheet Stock Is Sliding After Earnings, but Analysts Remain Bullish - Barron's

June 8, 2022 | finance.yahoo.com

Smartsheet Stock Is Sliding After Earnings, but Analysts Remain Bullish

June 8, 2022 | marketwatch.com

Smartsheet Shares Slip 6.9% on Wider 1Q Loss, Guidance - MarketWatch

June 8, 2022 | seekingalpha.com

Smartsheet Inc. (SMAR) CEO Mark Mader on Q1 2023 Results - Earnings Call Transcript - Seeking Alpha

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SMAR Company Calendar

Last Earnings: 6/07/2022
Today: 8/19/2022
Next Earnings (Confirmed): 9/01/2022
Fiscal Year End: 1/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:SMAR
CUSIP: N/A
CIK: 1366561
Web: www.smartsheet.com
Phone: 844-324-2360
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: +65.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.61)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-171,100,000.00
Net Margins: -33.96%
Pretax Margin: -33.89%
Return on Equity: -36.73%
Return on Assets: -19.20%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.38
Quick Ratio: 1.38

Sales & Book Value

Annual Sales: $550.83 million
Price / Sales: 8.23
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.95 per share
Price / Book: 8.87

Miscellaneous

Outstanding Shares: 129,450,000
Free Float: 123,521,000
Market Cap: $4.53 billion
Optionable: Not Optionable
Beta: 1.47

Key Executives

Mark Mader
Chief Executive Officer & President

Mike Arntz
Chief Revenue Officer & EVP of Worldwide Field Operations

Jenny Ceran
Chief Financial Officer & Treasurer

Gene Farrell
Chief Product Officer

Paul Porrini
Chief Legal Officer & General Counsel

Kara Hamilton
Chief People & Culture Officer

Praerit Garg
Chief Technology Officer & EVP of Engineering

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SMAR Stock - Frequently Asked Questions

Should I buy or sell Smartsheet stock right now?: 13 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 11 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?: 13 Wall Street analysts have issued 1-year target prices for Smartsheet's stock. Their SMAR share price forecasts range from $38.00 to $100.00. On average, they predict the company's stock price to reach $57.80 in the next year. This suggests a possible upside of 65.0% 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 at the beginning of 2022. Since then, SMAR shares have decreased by 54.8% and is now trading at $35.03.
View the best growth stocks for 2022 here.
Are investors shorting Smartsheet?: Smartsheet saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 4,810,000 shares, a drop of 26.8% from the July 15th total of 6,570,000 shares. Based on an average trading volume of 2,110,000 shares, the days-to-cover ratio is presently 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 data on Tuesday, June, 7th. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of ($0.52) by $0.01. The company earned $168.31 million during the quarter, compared to analyst estimates of $162.55 million. Smartsheet had a negative trailing twelve-month return on equity of 36.73% and a negative net margin of 33.96%. The company's revenue for the quarter was up 43.8% compared to the same quarter last year. During the same period last year, the company earned ($0.28) EPS.
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 guidance of -$0.21--$0.19 for the period, compared to the consensus 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 acted 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 retail and institutional investors. Top institutional investors include Millennium Management LLC (2.38%), Goldman Sachs Group Inc. (2.17%), State Street Corp (1.53%), TimesSquare Capital Management LLC (1.47%), JPMorgan Chase & Co. (1.41%) and Allianz Asset Management GmbH (1.25%). 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 $35.03.
How much money does Smartsheet make?: Smartsheet (NYSE:SMAR) has a market capitalization of $4.53 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 8/19/2022 by MarketBeat.com Staff

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Smartsheet - SMAR Stock Forecast, Price & News

Smartsheet MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability