News headlines about Smartsheet (NYSE:SMAR) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Smartsheet earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.5483298186057 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of NYSE SMAR opened at $29.43 on Friday. The company has a debt-to-equity ratio of -0.03, a quick ratio of 0.83 and a current ratio of 0.83. Smartsheet has a 12-month low of $18.06 and a 12-month high of $32.79.

Smartsheet (NYSE:SMAR) last posted its quarterly earnings data on Monday, June 4th. The company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.06. The business had revenue of $36.30 million during the quarter, compared to analyst estimates of $33.24 million. Smartsheet’s revenue for the quarter was up 63.5% on a year-over-year basis. equities research analysts expect that Smartsheet will post -0.69 earnings per share for the current fiscal year.

Several analysts have issued reports on SMAR shares. Jefferies Financial Group started coverage on Smartsheet in a research report on Tuesday, May 22nd. They set a “buy” rating and a $25.00 target price on the stock. Morgan Stanley started coverage on Smartsheet in a research report on Tuesday, May 22nd. They set an “overweight” rating and a $24.00 target price on the stock. Zacks Investment Research cut Smartsheet from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Canaccord Genuity started coverage on Smartsheet in a research report on Tuesday, May 22nd. They set a “buy” rating and a $23.00 target price on the stock. Finally, William Blair started coverage on Smartsheet in a research report on Tuesday, May 22nd. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $26.83.

About Smartsheet

Smartsheet Inc provides cloud-based platform for execution of work. It enables teams and organizations to plan, capture, manage, automate, and report on work. The company offers Smartdashboards that provides the status of work to align individuals, managers, and executives; Smartportals to easily locate and access from any device the resources available for a project without IT assistance; Smartcards to organize, share, and act on workflows; and Smartgrids to keep teams on task by easily tracking multiple moving parts.

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