Smartsheet Inc. (NYSE:SMAR) has a beta value of 0 and has seen 1,286,719 shares traded in the last trading session. The company, currently valued at $5.77 Billion, closed the last trade at $47.84 per share which meant it gained $0.91 on the day or 1.94% during that session. The SMAR stock price is -27.09% off its 52-week high price of $60.8 and 35.39% above the 52-week low of $30.91. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.42 Million shares traded. The 3-month trading volume is 1.92 Million shares.
The consensus among analysts is that Smartsheet Inc. (SMAR) is an Overweight stock at the moment, with a recommendation rating of 2.1. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 5 out of 15 have rated it as a Hold, with 10 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.21.
Smartsheet Inc. (NYSE:SMAR) trade information
Sporting 1.94% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Sep 10 when the SMAR stock price touched $49.53- or saw a rise of 3.42%. Year-to-date, Smartsheet Inc. shares have moved 6.5%, while the 5-day performance has seen it change -0.35%. Over the past 30 days, the shares of Smartsheet Inc. (NYSE:SMAR) have changed 10.64%. Short interest in the company has seen 13.9 Million shares shorted with days to cover at 7.24.
Wall Street analysts have a consensus price target for the stock at $60.6, which means that the shares’ value could jump 26.67% from current levels. The projected low price target is $50 while the price target rests at a high of $68. In that case, then, we find that the current price level is +42.14% off the targeted high while a plunge would see the stock lose 4.52% from current levels.
Smartsheet Inc. (SMAR) estimates and forecasts
Earnings growth for 2020 is a modest -31%.
Smartsheet Inc. (NYSE:SMAR)’s Major holders
Insiders own 6.45% of the company shares, while shares held by institutions stand at 86.94% with a share float percentage of 92.93%. Investors are also buoyed by the number of investors in a company, with Smartsheet Inc. having a total of 290 institutions that hold shares in the company. The top two institutional holders are Capital World Investors with over 14.24 Million shares worth more than $724.93 Million. As of June 29, 2020, Capital World Investors held 11.8% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 9.71 Million shares as of June 29, 2020. The firm’s total holdings are worth over $494.23 Million and represent 8.05% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are New Perspective Fund Inc and Smallcap World Fund. As of June 29, 2020, the former fund manager holds about 5.9% shares in the company for having 7117994 shares of worth $362.45 Million while later fund manager owns 5.83 Million shares of worth $296.98 Million as of June 29, 2020, which makes it owner of about 4.84% of company’s outstanding stock.