Should I buy or sell Smartsheet stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 1 sell rating, 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SMAR shares. View SMAR analyst ratings or view top-rated stocks .

What is Smartsheet's stock price target for 2024?

16 equities research analysts have issued 12-month price targets for Smartsheet's stock. Their SMAR share price targets range from $36.00 to $63.00. On average, they expect the company's stock price to reach $49.75 in the next twelve months. This suggests a possible upside of 35.4% from the stock's current price. View analysts price targets for SMAR or view top-rated stocks among Wall Street analysts .

How have SMAR shares performed in 2024?

Smartsheet's stock was trading at $47.82 on January 1st, 2024. Since then, SMAR shares have decreased by 23.2% and is now trading at $36.73. View the best growth stocks for 2024 here .

When is Smartsheet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 5th 2024. View our SMAR earnings forecast .

How were Smartsheet's earnings last quarter?

Smartsheet Inc (NYSE:SMAR) announced its quarterly earnings data on Thursday, March, 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.17. The firm had revenue of $256.95 million for the quarter, compared to the consensus estimate of $254.99 million. Smartsheet had a negative trailing twelve-month return on equity of 16.57% and a negative net margin of 10.92%.

What ETFs hold Smartsheet's stock?

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) , WisdomTree Cloud Computing Fund (WCLD) , iShares Factors US Growth Style ETF (STLG) , Amplify Global Cloud Technology ETF (IVES) and First Trust Dow Jones Internet Index Fund (FDN) .

What guidance has Smartsheet issued on next quarter's earnings?

Smartsheet updated its first quarter 2025 earnings guidance on Thursday, March, 14th. The company provided EPS guidance of 0.260-0.270 for the period, compared to the consensus estimate of 0.200. The company issued revenue guidance of $257.0 million-$259.0 million, compared to the consensus revenue estimate of $263.6 million.

What is Mark Mader's approval rating as Smartsheet's CEO?

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.

What other stocks do shareholders of Smartsheet own?

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) .

When did Smartsheet IPO?

Smartsheet (SMAR) raised $128 million in an initial public offering (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 served as the underwriters for the IPO and Canaccord Genuity, William Blair and SunTrust Robinson Humphrey were co-managers.

Who are Smartsheet's major shareholders?

Smartsheet's stock is owned by a number of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.58%), Moody National Bank Trust Division (0.03%), Washington Capital Management Inc. (0.01%) and Banque Cantonale Vaudoise (0.00%). Insiders that own company stock include Alissa Jamese Abdullah , Andrew Lee Bennett , Anna Griffin , Brendan Walsh, Brent Frei , Elena Gomez , Eugene Farrell , Geoffrey T Barker , James N White , Jolene Lau Marshall , Joseph M Jr Manko, Magdalena Yesil , Mark Patrick Mader , Matthew S Mcilwain , Megan Hansen , Michael Arntz , Michael P Gregoire , Paul Porrini , Pete Godbole and Stephen Robert Branstetter . View institutional ownership trends .

How do I buy shares of Smartsheet?

Shares of SMAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NYSE:SMAR

Smartsheet (SMAR) Stock Price, News & Analysis

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$36.61

-0.10 (-0.27%)

(As of 03:22 PM ET)

Compare

Today's Range: $36.27
▼
$36.87
50-Day Range: $36.70
▼
$47.93
52-Week Range: $35.52
▼
$52.81

Volume: 869,019 shs
Average Volume: 1.56 million shs
Market Capitalization: $5.03 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $49.75

Get Smartsheet alerts:

Smartsheet MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.69 Rating Score
Upside/Downside: 35.4% Upside
$49.75 Price Target
Short Interest: Healthy
1.72% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.46
Upright™ Environmental Score
News Sentiment: 0.81
Based on 15 Articles This Week
Insider Trading: Selling Shares
$1.36 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.43) to ($0.17) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.74 out of 5 stars

Computer And Technology Sector

47th out of 592 stocks

Prepackaged Software Industry

12th out of 200 stocks

4.3

Analyst's Opinion

Consensus Rating
Smartsheet has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 12 buy ratings, 3 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Smartsheet has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.72% of the outstanding shares of Smartsheet have been sold short.
Short Interest Ratio / Days to Cover
Smartsheet has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Smartsheet has recently decreased by 15.41%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Smartsheet does not currently pay a dividend.
Dividend Growth
Smartsheet does not have a long track record of dividend growth.

3.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Smartsheet has received a 44.00% net impact score from Upright. Smartsheet seems to create the most significant positive value in categories "Taxes", "Relationships", and "Jobs". The positive contribution in the "Relationships" impact category is false driven by its "Collaboration software" and "Enterprise resource management software" products. See details.
Environmental Sustainability
The Environmental Impact score for Smartsheet is -0.46.

2.7

News and Social Media Coverage

News Sentiment
Smartsheet has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for Smartsheet this week, compared to 8 articles on an average week.
Search Interest
Only 14 people have searched for SMAR on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Smartsheet to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Smartsheet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,355,207.00 in company stock.
Percentage Held by Insiders
Only 4.71% of the stock of Smartsheet is held by insiders.
Percentage Held by Institutions
90.01% of the stock of Smartsheet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Smartsheet are expected to grow in the coming year, from ($0.43) to ($0.17) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Smartsheet is -46.49, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Smartsheet is -46.49, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Smartsheet has a P/B Ratio of 8.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Smartsheet Stock (NYSE:SMAR)

Smartsheet, Inc. engages in managing and automating collaborative work. Its platform provides solutions that eliminate the obstacles to capturing information, including a familiar and intuitive spreadsheet interface as well as easily customizable forms. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason and Brent R. Frei in June 2005 and is headquartered in Bellevue, WA.

SMAR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SMAR Stock News Headlines

April 16, 2024 | insidertrades.com

Pete Godbole Sells 10,129 Shares of Smartsheet Inc (NYSE:SMAR) Stock

March 31, 2024 | insidertrades.com

Stephen Robert Branstetter Sells 5,737 Shares of Smartsheet Inc (NYSE:SMAR) Stock

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.

March 27, 2024 | insidertrades.com

Insider Selling: Smartsheet Inc (NYSE:SMAR) CRO Sells 7,702 Shares of Stock

March 25, 2024 | marketbeat.com

2 Earnings Dumpers Worth a Second Look

Every earnings season comes with its winners and losers. In most cases, an actual earnings beat doesn't matter as much as the forward guidance.

March 25, 2024 | marketbeat.com

2 Earnings Dumpers Worth a Second Look

Here are two companies worth a second look despite giving weak guidance in their earnings reports that caused each stock's shares to topple.

April 16, 2024 | americanbankingnews.com

Smartsheet Inc (NYSE:SMAR) CFO Pete Godbole Sells 10,129 Shares of Stock

April 15, 2024 | businesswire.com

Smartsheet Appoints Jo Deal as Chief People Officer

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 15, 2024 | finance.yahoo.com

When Can We Expect A Profit From Smartsheet Inc. (NYSE:SMAR)?

April 13, 2024 | marketwatch.com

Smartsheet Review 2024 (Pricing, Pros and Cons)

April 13, 2024 | finance.yahoo.com

Higher Logic Announces Winners of its Super Forum 2024 Customer Awards

April 10, 2024 | americanbankingnews.com

Smartsheet Inc (NYSE:SMAR) Receives Consensus Rating of "Moderate Buy" from Analysts

April 9, 2024 | msn.com

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April 9, 2024 | theglobeandmail.com

3 Overlooked AI Stocks for Growth Investors

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Meet the nominees in boys swimming and diving for the Coastal Empire High School Sports Awards

April 9, 2024 | businessinsider.com

These 8 stocks will post unexpectedly strong Q1 earnings during one of the best settings for stock-pickers in almost 20 years, according to Evercore

April 4, 2024 | msn.com

Tech Moves: Ex-Smartsheet CMO lands at Conga; former Panopto CMO joins Valid8

April 1, 2024 | bizjournals.com

Rock-clearing startup TerraClear raises $15 million

March 30, 2024 | finance.yahoo.com

Insider Sell: COO Stephen Branstetter Sells 5,737 Shares of Smartsheet Inc (SMAR)

March 25, 2024 | bizjournals.com

Smartsheet co-founder leaving company's board

March 22, 2024 | finance.yahoo.com

Smartsheet Names Katie Rooney to Board of Directors

March 22, 2024 | businesswire.com

Smartsheet Names Katie Rooney to Board of Directors

March 19, 2024 | seekingalpha.com

Smartsheet Q4 Earnings: Turnaround Postponed [Downgrade]

March 18, 2024 | markets.businessinsider.com

15 Analysts Have This To Say About Smartsheet

March 18, 2024 | finance.yahoo.com

Smartsheet Full Year 2024 Earnings: EPS Beats Expectations

March 17, 2024 | seekingalpha.com

Smartsheet: Ignore Common Sentiment And Buy

See More Headlines

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Company Calendar

Last Earnings: 3/14/2024
Today: 4/16/2024
Next Earnings (Estimated): 6/05/2024
Fiscal Year End: 1/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NYSE:SMAR
CUSIP: N/A
CIK: 1366561
Web: www.smartsheet.com
Phone: 844-324-2360
Fax: N/A
Employees: 3,330
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $49.75
High Stock Price Target: $63.00
Low Stock Price Target: $36.00
Potential Upside/Downside: +35.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.69
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.79)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-104,630,000.00
Net Margins: -10.92%
Pretax Margin: -10.03%
Return on Equity: -16.57%
Return on Assets: -7.60%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.34
Quick Ratio: 1.34

Sales & Book Value

Annual Sales: $958.34 million
Price / Sales: 5.26
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.43 per share
Price / Book: 8.28

Miscellaneous

Outstanding Shares: 137,424,000
Free Float: 130,951,000
Market Cap: $5.04 billion
Optionable: Optionable
Beta: 0.73

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Key Executives

Mark Mader
Chief Executive Officer & President
Mike Arntz
Chief Revenue Officer & EVP of Worldwide Field Operations
Jenny Ceran
Chief Financial Officer & Treasurer
Gene Farrell
Chief Product Officer
Paul Porrini
Chief Legal Officer & General Counsel
Kara Hamilton
Chief People & Culture Officer
Praerit Garg
Chief Technology Officer & EVP of Engineering

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SMAR Stock Analysis - Frequently Asked Questions

Should I buy or sell Smartsheet stock right now?: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 1 sell rating, 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SMAR shares.
View SMAR analyst ratings or view top-rated stocks.
What is Smartsheet's stock price target for 2024?: 16 equities research analysts have issued 12-month price targets for Smartsheet's stock. Their SMAR share price targets range from $36.00 to $63.00. On average, they expect the company's stock price to reach $49.75 in the next twelve months. This suggests a possible upside of 35.4% from the stock's current price.
View analysts price targets for SMAR or view top-rated stocks among Wall Street analysts.
How have SMAR shares performed in 2024?: Smartsheet's stock was trading at $47.82 on January 1st, 2024. Since then, SMAR shares have decreased by 23.2% and is now trading at $36.73.
View the best growth stocks for 2024 here.
When is Smartsheet's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 5th 2024.
View our SMAR earnings forecast.
How were Smartsheet's earnings last quarter?: Smartsheet Inc (NYSE:SMAR) announced its quarterly earnings data on Thursday, March, 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.17. The firm had revenue of $256.95 million for the quarter, compared to the consensus estimate of $254.99 million. Smartsheet had a negative trailing twelve-month return on equity of 16.57% and a negative net margin of 10.92%.
What ETFs hold Smartsheet's stock?: 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), WisdomTree Cloud Computing Fund (WCLD), iShares Factors US Growth Style ETF (STLG), Amplify Global Cloud Technology ETF (IVES) and First Trust Dow Jones Internet Index Fund (FDN).

What guidance has Smartsheet issued on next quarter's earnings?: Smartsheet updated its first quarter 2025 earnings guidance on Thursday, March, 14th. The company provided EPS guidance of 0.260-0.270 for the period, compared to the consensus estimate of 0.200. The company issued revenue guidance of $257.0 million-$259.0 million, compared to the consensus revenue estimate of $263.6 million.
What is Mark Mader's approval rating as Smartsheet's CEO?: 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.
What other stocks do shareholders of Smartsheet own?: 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).
When did Smartsheet IPO?: Smartsheet (SMAR) raised $128 million in an initial public offering (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 served as the underwriters for the IPO and Canaccord Genuity, William Blair and SunTrust Robinson Humphrey were co-managers.
Who are Smartsheet's major shareholders?: Smartsheet's stock is owned by a number of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.58%), Moody National Bank Trust Division (0.03%), Washington Capital Management Inc. (0.01%) and Banque Cantonale Vaudoise (0.00%). Insiders that own company stock include Alissa Jamese Abdullah, Andrew Lee Bennett, Anna Griffin, Brendan Walsh, Brent Frei, Elena Gomez, Eugene Farrell, Geoffrey T Barker, James N White, Jolene Lau Marshall, Joseph M Jr Manko, Magdalena Yesil, Mark Patrick Mader, Matthew S Mcilwain, Megan Hansen, Michael Arntz, Michael P Gregoire, Paul Porrini, Pete Godbole and Stephen Robert Branstetter.
View institutional ownership trends.
How do I buy shares of Smartsheet?: Shares of SMAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SMAR) was last updated on 4/16/2024 by MarketBeat.com Staff

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