Smartsheet (SMAR) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $50.58 to $52.05
• 50-Day Range: $43.09 to $52.72
• 52-Week Range: $35.52 to $54.50
• Volume: 3.17 million shs
• Average Volume: 1.52 million shs
• Market Capitalization: $7.06 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $55.06
• Consensus Rating: Moderate Buy

Smartsheet Stock Analysis - MarketRank™

Smartsheet scored higher than 78% of companies evaluated by MarketBeat, and ranked 235th out of 668 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Smartsheet has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 13 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Smartsheet has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

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 -81.95, 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 -81.95, 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 10.52. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.24% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Smartsheet has recently increased by 5.52%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Smartsheet does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: 3.6 / 5
• Environmental Score: -0.46

Percentage of Shares Shorted

1.24% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Smartsheet has recently increased by 5.52%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.55

News Sentiment

Smartsheet has a news sentiment score of 0.55. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for Smartsheet this week, compared to 8 articles on an average week.

Search Interest

10 people have searched for SMAR on MarketBeat in the last 30 days. This is an increase of 43% compared to the previous 30 days.

MarketBeat Follows

10 people have added Smartsheet to their MarketBeat watchlist in the last 30 days. This is an increase of 900% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $1,215,523.00 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.

SMAR Stock Analysis - Frequently Asked Questions

How have SMAR shares performed this year?

Smartsheet's stock was trading at $47.82 at the beginning of the year. Since then, SMAR shares have increased by 6.3% and is now trading at $50.81.
View the best growth stocks for 2024 here.

How were Smartsheet's earnings last quarter?

Smartsheet Inc (NYSE:SMAR) posted its earnings results on Thursday, September, 5th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.15. The company's revenue was up 17.3% compared to the same quarter last year.

Is Smartsheet buying back stock?

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

When did Smartsheet IPO?

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 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 top institutional investors include Eminence Capital LP (3.07%), Dorsal Capital Management LP (2.08%), Dorsey Asset Management LLC (1.79%) and RGM Capital LLC (1.61%). Insiders that own company stock include Mark Patrick Mader, Geoffrey T Barker, Stephen Robert Branstetter, Pete Godbole, James N White, Michael P Gregoire, Jolene Lau Marshall, Michael Arntz, Alissa Jamese Abdullah, Elena Gomez, Megan Hansen, Matthew S Mcilwain, Paul Porrini, Andrew Lee Bennett, Brent Frei, Anna Griffin, Eugene Farrell and Magdalena Yesil.
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.

What other stocks do shareholders of Smartsheet own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Smartsheet investors own include NVIDIA (NVDA), DocuSign (DOCU), Twilio (TWLO), Alibaba Group (BABA), Okta (OKTA), Block (SQ) and Shopify (SHOP).

Company Calendar

• Last Earnings: 9/05/2024
• Today: 9/19/2024
• Next Earnings (Estimated): 12/05/2024
• Fiscal Year End: 1/31/2025

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: $55.06
• High Stock Price Target: $63.00
• Low Stock Price Target: $45.00
• Potential Upside/Downside: +8.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.62)
• 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: 1.40

Sales & Book Value

• Annual Sales: $1.04 billion
• Price / Sales: 6.76
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.85 per share
• Price / Book: 10.50

Miscellaneous

• Outstanding Shares: 138,342,000
• Free Float: 132,089,000
• Market Cap: $7.04 billion
• Optionable: Optionable
• Beta: 0.74