Smartsheet (NYSE:SMAR) Upgraded by Zacks Investment Research to Buy

Smartsheet stock has undergone multiple analysts rating changes in the recent past.  Smartsheet Upgraded by Zacks Investment Research on 10/14/2021. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.

Shares of Smartsheet traded up $0.09 on Wednesday, reaching $65.99. 1 shares of the stock traded hands, compared to its average volume of 1258981. Shares of Smartsheet were trading at $65.99 on Wednesday. The firm’s 50 day moving average is $72.38 and its 200 day moving average is $68.54.Smartsheet has a 12 month low of $65.07 and a 12 month high of $85.65. While on yearly highs and lows, Smartsheet’s today has traded high as $67.25 and has touched $65.07 on the downward trend. See More Analyst Rating at: RATING

Smartsheet Earnings and What to expect: 

Smartsheet last issued its quarterly earnings results on September 6th, 2021. The reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.08. The business had revenue of $131.74 million for the quarter, compared to the consensus estimate of $125.47 million. Its revenue was up 44.4% on a year-over-year basis. Smartsheet has generated ($0.92) earnings per share over the last year (($1.14) diluted earnings per share). Earnings for Smartsheet are expected to grow in the coming year, from ($1.35) to ($1.24) per share. Smartsheet has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, December 6th, 2021 based off prior year’s report dates.

Earnings for Smartsheet are expected to grow in the coming year, from ($1.35) to ($1.24) per share. The P/E ratio of Smartsheet is -57.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Smartsheet is -57.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Smartsheet has a P/B Ratio of 16.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Smartsheet (NYSE:SMAR) Moving Average Technical Analysis

5 day Moving Average is $65.57 And 5 day price change is $0.07 (0.11%)  with average volume for 5 day average is 1,032,320. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $70.05 and 20 day price change is -$6.84 (-9.39%) and average 20 day moving volume is 969,675. 50 day moving average is $72.38  and 50 day price change is -$5.30 ( -7.43%)  and with average volume for 50 days is : 1,095,828. 200 day moving average is $68.54  and 200 day price change is -$4.46 (-6.33%)  and with average volume for 200 days is : 1,128,626.

Other owners latest trading in Smartsheet :

  • On 10/12/2021 shares held by Koshinski Asset Management Inc. were 809 which equates to market value of $56K and appx 0.00% owners of Smartsheet
  • On 10/12/2021 shares held by Level Four Advisory Services LLC were 4,283 which equates to market value of $0.30M and appx 0.00% owners of Smartsheet
  • On 10/7/2021 shares held by CAPROCK Group Inc. were 3,315 which equates to market value of $0.23M and appx 0.00% owners of Smartsheet
  • In total Institutional ownership equates to Institutional Ownership Percentage: 87.47% for Smartsheet

See More Analyst Rating at: RATING