A number of firms have modified their ratings and price targets on shares of Smartsheet (NYSE: SMAR) recently:
- 9/6/2024 – Smartsheet had its price target raised by analysts at Royal Bank of Canada from $43.00 to $51.00. They now have a “sector perform” rating on the stock.
- 9/6/2024 – Smartsheet had its price target raised by analysts at Morgan Stanley from $55.00 to $57.00. They now have an “overweight” rating on the stock.
- 9/6/2024 – Smartsheet had its price target raised by analysts at BMO Capital Markets from $48.00 to $59.00. They now have an “outperform” rating on the stock.
- 9/6/2024 – Smartsheet had its price target raised by analysts at Barclays PLC from $45.00 to $50.00. They now have an “equal weight” rating on the stock.
- 9/6/2024 – Smartsheet had its price target raised by analysts at Citigroup Inc. from $55.00 to $63.00. They now have a “buy” rating on the stock.
- 9/6/2024 – Smartsheet had its price target raised by analysts at Guggenheim from $60.00 to $62.00. They now have a “buy” rating on the stock.
- 9/6/2024 – Smartsheet had its price target raised by analysts at Canaccord Genuity Group Inc. from $52.00 to $60.00. They now have a “buy” rating on the stock.
- 9/6/2024 – Smartsheet had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $55.00 price target on the stock.
- 9/6/2024 – Smartsheet had its price target raised by analysts at Truist Financial Co. from $55.00 to $60.00. They now have a “buy” rating on the stock.
- 9/6/2024 – Smartsheet had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $57.00 price target on the stock.
- 8/29/2024 – Smartsheet had its price target raised by analysts at UBS Group AG from $56.00 to $61.00. They now have a “buy” rating on the stock.
- 8/26/2024 – Smartsheet had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $55.00 price target on the stock.
- 8/20/2024 – Smartsheet had its price target raised by analysts at Morgan Stanley from $53.00 to $55.00. They now have an “overweight” rating on the stock.
Smartsheet Stock Up 0.2 %
Shares of SMAR stock traded up $0.10 during trading hours on Monday, reaching $51.54. 231,413 shares of the company’s stock were exchanged, compared to its average volume of 1,522,528. Smartsheet Inc has a fifty-two week low of $35.52 and a fifty-two week high of $54.50. The business has a fifty day moving average price of $48.61 and a 200-day moving average price of $43.18. The stock has a market capitalization of $7.13 billion, a P/E ratio of -83.13 and a beta of 0.74.
Smartsheet (NYSE:SMAR – Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15. The company had revenue of $276.41 million during the quarter, compared to analysts’ expectations of $274.23 million. Smartsheet had a negative net margin of 4.07% and a negative return on equity of 4.29%. The business’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.23) EPS. As a group, research analysts expect that Smartsheet Inc will post -0.05 EPS for the current fiscal year.
Insider Buying and Selling at Smartsheet
Institutional Trading of Smartsheet
A number of large investors have recently added to or reduced their stakes in SMAR. International Assets Investment Management LLC bought a new position in shares of Smartsheet during the second quarter worth approximately $25,000. Banque Cantonale Vaudoise acquired a new position in Smartsheet in the first quarter valued at about $29,000. Versant Capital Management Inc acquired a new stake in Smartsheet during the second quarter worth about $31,000. Plato Investment Management Ltd acquired a new stake in Smartsheet during the first quarter worth about $35,000. Finally, First Horizon Advisors Inc. increased its holdings in Smartsheet by 37.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 894 shares of the company’s stock valued at $39,000 after buying an additional 244 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.
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.
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