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 shares have increased by 22.1% and is now trading at $46.90. 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) issued its quarterly earnings results on Wednesday, June, 3rd. The company reported ($0.11) EPS for the quarter, beating the Zacks' consensus estimate of ($0.19) by $0.08. The business earned $85.50 million during the quarter, compared to the consensus estimate of $81.40 million. Smartsheet had a negative return on equity of 19.19% and a negative net margin of 34.62%. The business's revenue for the quarter was up 52.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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 earnings per share estimate of ($0.56). The company issued revenue guidance of $360-$370 million, compared to the consensus revenue estimate of $371.51 million.

15 equities research analysts have issued 12 month price targets for Smartsheet's shares. Their forecasts range from $45.00 to $67.00. On average, they anticipate Smartsheet's stock price to reach $52.53 in the next twelve months. This suggests a possible upside of 12.0% from the stock's current price. View analysts' price targets for Smartsheet.

Media coverage about SMAR stock has been trending somewhat negative on Tuesday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 assigned media headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Smartsheet.

Some companies that are related to Smartsheet include Atlassian (TEAM), Crowdstrike (CRWD), Coupa Software (COUP), Citrix Systems (CTXS), Paycom Software (PAYC), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Tableau Software (DATA), Tyler Technologies (TYL), SS&C Technologies (SSNC), Symantec (SYMC), Nice (NICE), Cloudflare (NET), Mongodb (MDB) 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 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 acted 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 variety of institutional and retail investors. Top institutional investors include Clarius Group LLC (0.18%), Carnegie Capital Asset Management LLC (0.05%), Perkins Coie Trust Co (0.01%), Envestnet Asset Management Inc. (0.01%) and Diversified Trust Co (0.01%). 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 Clarius Group LLC, and Perkins Coie Trust Co. 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 bought by a variety of institutional investors in the last quarter, including Carnegie Capital Asset Management LLC, Envestnet Asset Management Inc., 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 $46.90.

Smartsheet has a market capitalization of $5.62 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]