Smartsheet (SMAR) Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SMAR shares.
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16 brokers have issued 1-year price targets for Smartsheet's shares. Their SMAR share price forecasts range from $37.00 to $58.00. On average, they predict the company's stock price to reach $49.06 in the next year. This suggests a possible upside of 0.9% from the stock's current price.
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Smartsheet's stock was trading at $39.36 at the start of the year. Since then, SMAR stock has increased by 23.5% and is now trading at $48.61.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
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Smartsheet will be holding an earnings conference call on Wednesday, June 7th 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.

Smartsheet Inc (NYSE:SMAR) announced its earnings results on Tuesday, March, 14th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.06. The company earned $212.34 million during the quarter, compared to analysts' expectations of $206.08 million. Smartsheet had a negative trailing twelve-month return on equity of 43.31% and a negative net margin of 28.12%.

ETFs with the largest weight of Smartsheet (NYSE:SMAR) stock in their portfolio include MFAM Small-Cap Growth ETF (MFMS), Motley Fool Small-Cap Growth ETF (TMFS), Direxion Work From Home ETF (WFH), iShares Virtual Work and Life Multisector ETF (IWFH), Invesco DWA Technology Momentum ETF (PTF), Wedbush ETFMG Global Cloud Technology ETF (IVES), WisdomTree Cloud Computing Fund (WCLD) and ALPS O'Shares Global Internet Giants ETF (OGIG).

Smartsheet updated its first quarter 2024 earnings guidance on Tuesday, March, 14th. The company provided earnings per share guidance of $0.08-$0.09 for the period, compared to the consensus EPS estimate of -$0.06. The company issued revenue guidance of $213.00 million-$215.00 million, compared to the consensus revenue estimate of $217.10 million.

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.

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).

(SMAR) raised $128 million in an IPO 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.

Smartsheet trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMAR."

Smartsheet's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.22%), Brown Capital Management LLC (4.54%), Dorsey Asset Management LLC (2.58%), State Street Corp (1.59%), First Trust Advisors LP (1.41%) and Geode Capital Management LLC (1.35%). 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.
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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.
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One share of SMAR stock can currently be purchased for approximately $48.61.

Smartsheet (NYSE:SMAR) has a market capitalization of $6.44 billion and generates $766.91 million in revenue each year. The company earns $-215,640,000.00 in net income (profit) each year or ($1.67) on an earnings per share basis.

The company employs 3,191 workers across the globe.

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.