Smartsheet Stock Forecast, Price & News

Smartsheet's stock was trading at $38.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SMAR shares have increased by 29.8% and is now trading at $49.85.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 6 hold ratings and 8 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, December 2nd 2020.
View our earnings forecast for Smartsheet.

Smartsheet Inc (NYSE:SMAR) issued its quarterly earnings data on Wednesday, September, 2nd. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.10. The company had revenue of $91.22 million for the quarter, compared to analysts' expectations of $86.53 million. Smartsheet had a negative return on equity of 20.90% and a negative net margin of 34.08%. Smartsheet's revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) earnings per share.
View Smartsheet's earnings history.

Smartsheet updated its FY21 earnings guidance on Wednesday, September, 2nd. The company provided earnings per share (EPS) guidance of $(0.54)-(0.49) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.50). The company issued revenue guidance of $367-373 million, compared to the consensus revenue estimate of $364.66 million.

14 analysts have issued 12-month price targets for Smartsheet's stock. Their forecasts range from $45.00 to $68.00. On average, they expect Smartsheet's share price to reach $59.00 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
View analysts' price targets for Smartsheet.

Smartsheet saw a decline in short interest in October. As of October 15th, there was short interest totaling 12,010,000 shares, a decline of 15.4% from the September 30th total of 14,200,000 shares. Based on an average daily volume of 1,670,000 shares, the short-interest ratio is presently 7.2 days.
View Smartsheet's Short Interest.

Some companies that are related to Smartsheet include Paycom Software (PAYC), Coupa Software (COUP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Cloudflare (NET), Palantir Technologies (PLTR), Tyler Technologies (TYL), SS&C Technologies (SSNC), Slack Technologies (WORK), NICE (NICE), Citrix Systems (CTXS), Black Knight (BKI), MongoDB (MDB), HubSpot (HUBS) and Symantec (SYMC).
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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), Square (SQ), Shopify (SHOP), The Trade Desk (TTD), salesforce.com (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 $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 many different retail and institutional investors. Top institutional investors include Artemis Investment Management LLP (0.63%), Clarius Group LLC (0.24%), State of New Jersey Common Pension Fund D (0.06%), Assenagon Asset Management S.A. (0.06%), Hamilton Lane Advisors LLC (0.03%) and Ingalls & Snyder LLC (0.02%). 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 Artemis Investment Management LLP, Hamilton Lane Advisors LLC, Fulcrum Asset Management LLP, BNP Paribas Arbitrage SA, State of New Jersey Common Pension Fund D, Great Valley Advisor Group Inc., Valeo Financial Advisors LLC, and Amalgamated Bank. 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 acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Clarius Group LLC, Comerica Bank, Ingalls & Snyder LLC, WINTON GROUP Ltd, Concorde Asset Management LLC, Nelson Van Denburg & Campbell Wealth Management Group LLC, 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 $49.85.

Smartsheet has a market capitalization of $6.01 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]