NYSE:SMAR - Smartsheet Stock Price, Forecast & 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. Since then, SMAR shares have increased by 14.5% and is now trading at $43.97. View which stocks have been mosted impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 2 hold ratings and 11 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, June 3rd 2020. View our earnings forecast for Smartsheet.

Smartsheet Inc (NYSE:SMAR) issued its quarterly earnings data on Tuesday, March, 17th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.16) by $0.03. The firm had revenue of $78.52 million for the quarter, compared to the consensus estimate of $77.70 million. Smartsheet had a negative net margin of 35.42% and a negative return on equity of 22.63%. The company's quarterly revenue was up 50.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) EPS. View Smartsheet's earnings history.

Smartsheet issued an update on its FY21 earnings guidance on Tuesday, March, 17th. The company provided earnings per share (EPS) guidance of $(0.62)-(0.55) for the period, compared to the Thomson Reuters consensus estimate of ($0.53). The company issued revenue guidance of $373-378 million, compared to the consensus revenue estimate of $375.64 million.

13 Wall Street analysts have issued 12 month price objectives for Smartsheet's stock. Their forecasts range from $37.00 to $60.00. On average, they anticipate Smartsheet's share price to reach $48.77 in the next year. This suggests a possible upside of 10.9% from the stock's current price. View analysts' price targets for Smartsheet.

Media headlines about SMAR stock have trended somewhat positive on Tuesday, according to InfoTrie. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Smartsheet earned a media sentiment score of 1.5 on InfoTrie's scale. They also gave news articles about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutSmartsheet.

Some companies that are related to Smartsheet include Splunk (SPLK), ANSYS (ANSS), Synopsys (SNPS), Cadence Design Systems (CDNS), Atlassian (TEAM), Citrix Systems (CTXS), Check Point Software Technologies (CHKP), Okta (OKTA), Docusign (DOCU), Tableau Software (DATA), Twilio (TWLO), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Paycom Software (PAYC), Crowdstrike (CRWD) and Symantec (SYMC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Smartsheet investors own include Alibaba Group (BABA), NVIDIA (NVDA), Twilio (TWLO), Netflix (NFLX), Advanced Micro Devices (AMD), Baidu (BIDU), Okta (OKTA), Mongodb (MDB), Shopify (SHOP) and Micron Technology (MU).

(SMAR) raised $128 million in an 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 $43.97.

Smartsheet has a market capitalization of $5.17 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 1,101 workers across the globe. View additional information about Smartsheet.

The official website for Smartsheet is http://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]martsheet.com.