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Smartsheet (SMAR) Stock Price, News & Analysis

Smartsheet logo
$55.95 -0.05 (-0.09%)
(As of 11/29/2024 ET)
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About Smartsheet Stock (NYSE:SMAR)

Key Stats

Today's Range
$55.93
▼
$56.03
50-Day Range
$52.08
▼
$56.51
52-Week Range
$35.52
▼
$56.55
Volume
1.19 million shs
Average Volume
2.94 million shs
Market Capitalization
$7.77 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$55.82
Consensus Rating
Hold

Company Overview

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.

Smartsheet Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
83rd Percentile Overall Score

SMAR MarketRank™: 

Smartsheet scored higher than 83% of companies evaluated by MarketBeat, and ranked 198th out of 665 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Smartsheet has received a consensus rating of Hold. The company's average rating score is 2.05, and is based on 2 buy ratings, 17 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Smartsheet has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Smartsheet's stock forecast and price target.

  • Earnings Growth

    Earnings for Smartsheet are expected to grow in the coming year, from ($0.05) to $0.09 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Smartsheet is -180.48, 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 -180.48, 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 12.63. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Smartsheet's valuation and earnings.

  • Percentage of Shares Shorted

    1.89% 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 0.6, 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 15.76%, indicating that investor sentiment is improving significantly.

  • Dividend Yield

    Smartsheet does not currently pay a dividend.

  • Dividend Growth

    Smartsheet does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.89% 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 0.6, 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 15.76%, indicating that investor sentiment is improving significantly.

  • News Sentiment

    Smartsheet has a news sentiment score of 1.47. 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 0.77 average news sentiment score of Computer and Technology companies.

  • News Coverage This Week

    MarketBeat has tracked 11 news articles for Smartsheet this week, compared to 9 articles on an average week.

  • Search Interest

    Only 2 people have searched for SMAR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

  • MarketBeat Follows

    1 people have added Smartsheet to their MarketBeat watchlist in the last 30 days.

  • 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 $2,248,098.00 in company stock.

  • Percentage Held by Insiders

    Only 4.52% 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.

  • Read more about Smartsheet's insider trading history.
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SMAR Stock News Headlines

Smartsheet Inc (NYSE:SMAR) Insider Sells $179,223.60 in Stock
November 20, 2024 | insidertrades.com
Smartsheet Inc (NYSE:SMAR) CEO Sells $280,250.00 in Stock
November 7, 2024 | insidertrades.com
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December 1, 2024 | MyBankTracker (Ad)
Smartsheet (SMAR) is Poised for Growth With Strong Enterprise Relationships
November 28 at 1:20 PM | msn.com
SMAR Alert: Wohl & Fruchter LLP Files Class Action Lawsuit on Behalf of Shareholders of Smartsheet, Inc., in the U.S. District Court for the Southern District of New York
November 21, 2024 | globenewswire.com
Smartsheet Inc (NYSE:SMAR) Receives Average Rating of "Hold" from Brokerages
November 21, 2024 | americanbankingnews.com
SMARTSHEET INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Smartsheet Inc. - SMAR
November 15, 2024 | businesswire.com
Guggenheim Downgrades Smartsheet (SMAR)
November 13, 2024 | msn.com
See More Headlines

SMAR Stock Analysis - Frequently Asked Questions

Smartsheet's stock was trading at $47.82 at the beginning of 2024. Since then, SMAR shares have increased by 17.0% and is now trading at $55.95.
View the best growth stocks for 2024 here.

Smartsheet Inc (NYSE:SMAR) announced its quarterly earnings data on Thursday, September, 5th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.15. The business's revenue was up 17.3% compared to the same quarter last year.

Smartsheet's board initiated a stock buyback program on Thursday, September 5th 2024, which authorizes the company to repurchase $150,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Smartsheet (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.

Top institutional investors of Smartsheet include ArrowMark Colorado Holdings LLC (2.77%), Brown Capital Management LLC (2.53%), State Street Corp (1.79%) and Champlain Investment Partners LLC (1.74%). Insiders that own company stock include Mark Patrick Mader, Geoffrey T Barker, Stephen Robert Branstetter, Pete Godbole, James N White, Jolene Lau Marshall, Michael P Gregoire, Michael Arntz, Alissa Jamese Abdullah, Elena Gomez, Megan Hansen, Matthew S Mcilwain, Paul Porrini, Magdalena Yesil, Eugene Farrell, Andrew Lee Bennett and Brent Frei.
View institutional ownership trends.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Smartsheet investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), Netflix (NFLX), Alphabet (GOOG) and PayPal (PYPL).

Company Calendar

Last Earnings
9/05/2024
Today
12/01/2024
Next Earnings (Estimated)
12/05/2024
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
$55.82
High Stock Price Target
$62.00
Low Stock Price Target
$45.00
Potential Upside/Downside
-0.2%
Consensus Rating
Hold
Rating Score (0-4)
2.05
Research Coverage
20 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.31)
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
-4.07%
Pretax Margin
-4.02%
Return on Equity
-4.29%
Return on Assets
-2.03%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
1.45
Quick Ratio
1.45

Sales & Book Value

Annual Sales
$958.34 million
Price / Sales
8.11
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$4.43 per share
Price / Book
12.63

Miscellaneous

Outstanding Shares
138,950,000
Free Float
132,670,000
Market Cap
$7.77 billion
Optionable
Optionable
Beta
0.74
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This page (NYSE:SMAR) was last updated on 12/1/2024 by MarketBeat.com Staff
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