Brokerages Assign “Moderate Buy” Rating to Smartsheet Inc
August 13, 2023
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Smartsheet Inc ($NYSE:SMAR). (SMARTS) recently received a “Moderate Buy” rating from sixteen brokerages that are covering the company. Smartsheet Inc is a leading cloud-based work execution platform that allows organizations to plan, capture, track, automate, and report on work at scale. It enables teams and organizations to get from idea to impact fast, with better visibility and control over their work. The Moderate Buy rating is based on the average of the sixteen brokerages that are covering the company, indicating that they are confident in Smartsheet Inc’s performance in both the short and long-term.
This rating is further supported by strong fundamentals such as high growth potential and sound financials. With Smartsheet Inc.’s proven track record of successful product innovation and strong customer base, the Moderate Buy rating is well justified. Given the Moderate Buy rating and overall positive outlook on the company, investors should consider adding Smartsheet Inc. to their portfolios for the potential for strong returns in the near future.
Price History
On Monday, Smartsheet Inc saw a surge in stock prices, opening at $41.7 and closing at $43.0, up by 3.4% from its previous closing price of 41.6. This surge is due to brokerages assigning Smartsheet Inc a “Moderate Buy” rating. This rating is based on the positive outlook that analysts have on the company’s future prospects, and serves as a testament to the growing success of Smartsheet Inc. The “Moderate Buy” rating has further boosted investor confidence in Smartsheet Inc and its products, and is sure to continue positively affecting its stock prices in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Smartsheet Inc. More…
| Total Revenues | Net Income | Net Margin |
| 818.49 | -175.05 | -21.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Smartsheet Inc. More…
| Operations | Investing | Financing |
| 63.21 | -21.69 | 12.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Smartsheet Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.11k | 601.99 | 3.82 |
Key Ratios Snapshot
Some of the financial key ratios for Smartsheet Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 39.7% | – | -22.5% |
| FCF Margin | ROE | ROA |
| 6.1% | -23.1% | -10.4% |
Analysis
GoodWhale recently conducted an analysis on SMARTSHEET INC‘s wellbeing, using Star Chart to compare SMARTSHEET INC’s cashflows and debt. The analysis resulted in a score of 5/10, indicating that SMARTSHEET INC has an intermediate health rating and is likely to be able to safely ride out any crisis without the risk of bankruptcy. SMARTSHEET INC was identified as being strong in asset and growth, but weak in dividend and profitability. As SMARTSHEET INC is a ‘cheetah’ company, we believe that investors looking for short-term gains or those who are willing to accept higher risks for greater returns may be interested in this company. More…
Peers
There is fierce competition among Smartsheet Inc, Asana Inc, Monday.Com Ltd, and Microsoft Corp in the productivity software market. All four companies offer similar products and services that cater to businesses of all sizes.
However, each company has its own unique selling points that give it an edge over its competitors.
– Asana Inc ($NYSE:ASAN)
Asana is a work management platform that helps teams organize, track, and manage their work. It has a market cap of 3.98B as of 2022 and a Return on Equity of -184.09%. Asana was founded in 2008 by Justin Rosenstein and Dustin Moskovitz, and is headquartered in San Francisco, California.
– Monday.Com Ltd ($NASDAQ:MNDY)
Monday.com Ltd has a market cap of $4.38B as of 2022. The company has a Return on Equity of -16.76%. Monday.com is a software company that provides a platform for team collaboration and management. The company’s software enables users to manage tasks, projects, and processes in a single platform. Monday.com’s platform is used by organizations of all sizes, including Fortune 500 companies, small businesses, and startups.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market capitalization of $1.76 trillion as of April 2022 and a return on equity of 45.3%. The company develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.
Summary
Smartsheet Inc. is a publicly traded company which provides cloud-based software solutions for work management and collaboration. Recently, the company has been given an average recommendation of “Moderate Buy” by sixteen brokerages that are covering the stock. On the same day, the stock price rose, indicating a positive outlook for the company. In terms of investing analysis, Smartsheet Inc. is an attractive option that offers potential capital growth opportunities and good return on investments. The company has a strong financial position and is backed by a supportive customer base, making it a secure investment.
In addition, its growing product portfolio and innovative solutions should continue to drive demand for its services. As such, investors should take into consideration the potential upside that Smartsheet Inc. can offer when evaluating potential investment opportunities.
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