NYSE:SMARSmartsheet Stock Price, Forecast & News

Smartsheet's stock was trading at $38.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SMAR stock has increased by 37.2% and is now trading at $52.70. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 6 hold ratings and 9 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, September 2nd 2020. View our earnings forecast for Smartsheet.

Smartsheet Inc (NYSE:SMAR) announced its quarterly earnings data on Wednesday, June, 3rd. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.08. The business had revenue of $85.50 million for the quarter, compared to analyst estimates of $81.40 million. Smartsheet had a negative net margin of 34.62% and a negative return on equity of 19.19%. The business's revenue for the quarter was up 52.1% on a year-over-year basis. During the same period last year, the business posted ($0.12) EPS. View Smartsheet's earnings history.

Smartsheet issued an update on its FY21 earnings guidance on Wednesday, June, 3rd. The company provided EPS guidance of ($0.54)-($0.45) for the period, compared to the Thomson Reuters consensus estimate of ($0.56). The company issued revenue guidance of $360-$370 million, compared to the consensus revenue estimate of $371.51 million.

15 analysts have issued 1-year price objectives for Smartsheet's stock. Their forecasts range from $45.00 to $67.00. On average, they expect Smartsheet's share price to reach $52.20 in the next twelve months. This suggests that the stock has a possible downside of 0.9%. View analysts' price targets for Smartsheet.

Press coverage about SMAR stock has trended very negative this week, according to InfoTrie. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Smartsheet earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about Smartsheet.

Some companies that are related to Smartsheet include Atlassian (TEAM), Crowdstrike (CRWD), Paycom Software (PAYC), Coupa Software (COUP), Citrix Systems (CTXS), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Tableau Software (DATA), SS&C Technologies (SSNC), Tyler Technologies (TYL), Mongodb (MDB), Symantec (SYMC), Dynatrace (DT), Nice (NICE) and NortonLifeLock (NLOK). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Smartsheet investors own include NVIDIA (NVDA), Alibaba Group (BABA), Twilio (TWLO), Shopify (SHOP), Trade Desk (TTD), Okta (OKTA), Netflix (NFLX), Square (SQ), Docusign (DOCU) and Mongodb (MDB).

(SMAR) raised $128 million in an initial public offering (IPO) 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."

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 $52.70.

Smartsheet has a market capitalization of $6.31 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]