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How to Buy Smartsheet Stock

Smartsheet Inc

Smartsheet Inc. provides cloud-based platform for execution of work. It enables teams and organizations to plan, capture, manage, automate, and report on work.

Smartsheet stock last closed at $39.68, down 2.58% from the previous day, and has decreased 16.3% in one year. It has underperformed other stocks in the Software - Application industry by 0.47 percentage points. Smartsheet stock is currently +11.71% from its 52-week low of $35.52, and -24.87% from its 52-week high of $52.81.

At the moment, there are 137.42M SMAR shares outstanding. The market value of SMAR is $5.45B. In the past 24 hours, 884,705 SMAR shares were traded.

How to Buy Smartsheet Stock

Wondering how to invest in Smartsheet stock? Here's how.
  1. Choose where to buy Smartsheet stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Smartsheet stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Choose your payment method and add your details.
  4. Analyze Smartsheet stock: The Smartsheet ticker symbol is SMAR. Is Smartsheet stock a good investment? Should you buy shares of SMAR? How do SMAR's underlying business fundamentals look? Do top analysts think Smartsheet is a good buy? Why has SMAR's stock price moved recently? (Hint: Our stock research website can help you understand if SMAR is a good stock to buy).
  5. Execute your SMAR trade: Decide if you will purchase SMAR shares at the current market price or use a limit order to buy SMAR shares at a particular price.
  6. Watch your investment in SMAR: Create a watchlist to important notifications about your new investment in Smartsheet shares.

Step 1: Choose where to buy Smartsheet stock

You need a brokerage account to access the NYSE market and buy SMAR stock.

A brokerage account is an investment account that allows you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our analysis, eToro is the best online stock brokerage. eToro gives you:

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  • Social investing: eToro has a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
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Step 2: Create a brokerage account

Now that you've selected the right brokerage, you'll need to fill out some personal details so you can invest in SMAR stock today.

How to Open a New Investment Account on eToro

  1. Click here to get started.
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  2. Input your personal data to create a new brokerage account.
  1. Send your info by hitting the "Create Account" button.
  2. Get started with eToro today
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Step 3: Deposit funds into your brokerage account

Now that you have opened your account on the stock trading app, you need to deposit funds:

Check out the walkthrough below if you need help transferring funds into your brokerage account.

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Step 4: Analyze Smartsheet stock

After you have chosen the best place to buy Smartsheet stock, it's very important to research their stock prior to buying, so you actually comprehend the risk and upside.

Smartsheet quick stats

SMAR Price
$39.68
1w %
-5.59%
1y %
-16.3%
5y %
-8.42%
P/E
-50.87x
P/B
9x
P/S
5.57x
PEG
N/A
Revenue
$958.34M
Earnings
-$104.63M
Fore. Rev. Growth
15.19%
Fore. Earn. Growth
N/A
Market Cap
$5.45B
Next Earnings
Jun 5, 2024
Next Dividend
N/A

SMAR Fundamentals

WallStreetZen was designed to help average investors do more in-depth fundamental analysis in less time.

You can view all of the due diligence checks on SMAR's stock page.

Is SMAR stock undervalued?

You can use many financial metrics, analyses, models, and charts to gauge SMAR's intrinsic value.

Using relative valuations metrics:

  • SMAR could be overvalued based on its P/B ratio of 9x, relative to Software - Application industry P/B ratio of 6.33x

You can do additional valuation analysis on SMAR's stock here.

A quick look at SMAR Financials

Passed Financial Due Diligence Checks:

  • There are more short-term assets than short-term liabilities on the SMAR balance sheet.
  • SMAR profit margin has gone up from -28.1% to -10.9% in the past year.
  • There are more short-term assets than long-term liabilities on the SMAR balance sheet.
  • SMAR's operating cash flow of $157.88M allows it to safely service it's debt of $49.81M.

Failed Financial Due Diligence Checks:

  • Total SMAR debt is higher than 5 years ago, relative to shareholder equity.
  • SMAR has a relatively high debt to equity ratio of 1.21.
  • SMAR earnings of -$96.14M is not sufficient to cover its interest payments.

Is SMAR stock a Buy, Hold, or Sell, according to analysts?

Out of 15 sell side analysts who give ratings on SMAR, the consensus analyst rating on SMAR is a Strong Buy

Please note that analyst forecasts are not stock recommendations, nor are they investment advice.

Latest SMAR Analyst Upgrades/Downgrades

Robert Simmons, a top 40% analyst from DA Davidson maintains SMAR with a strong buy rating and lowers their SMAR price target from $65.00 to $55.00, on Mar 15, 2024.

Taylor McGinnis, a bottom 9% analyst from UBS maintains SMAR with a strong buy rating and lowers their SMAR price target from $60.00 to $54.00, on Mar 15, 2024.

George Iwanyc, a bottom 10% analyst from Oppenheimer maintains SMAR with a buy rating and lowers their SMAR price target from $60.00 to $55.00, on Mar 15, 2024.

Michael Berg, a top 47% analyst from Wells Fargo maintains SMAR with a strong buy rating and lowers their SMAR price target from $55.00 to $47.00, on Mar 15, 2024.

Brent Thill, a top 2% analyst from Jefferies maintains SMAR with a strong buy rating and lowers their SMAR price target from $57.00 to $50.00, on Mar 15, 2024.

You can dig deeper into what analysts are saying on the Smartsheet stock forecast page.

SMAR Trading Indicators

SMA10
41.22
SMA20
40.02
SMA50
38.96
SMA100
41.76
SMA200
41.87
MACD
0.63
MACD Signal
0.62
MACD Histogram
0.01
RSI
47.24
Stochastic %K
56.04
Stochastic %D
71.51
StochRSI %K
34.06
StochRSI %D
59.49

SMAR Growth Numbers

Last year, SMAR revenue was $958.34M. During the past five year, SMAR's revenue has grown by 40.07% per year. This was faster than the Software - Application industry average of 29.89%.

Dive into SMAR's earnings and revenue performance here.

Who is buying/selling SMAR?

Over the past 12 months, insiders at SMAR have sold more shares than they have bought.

Stephen Robert Branstetter, Chief Operating Officer of SMAR, was the latest SMAR insider to sell. They sold $58,484.97 worth of SMAR stock on May 15, 2024.

Get more info about who owns SMAR stock here.

Can I rely on SMAR as an income stream?

No, Smartsheet doesn't provide an income stream by paying out dividends.

Get opinions from other investors

One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to see what other investors have to say.

Step 5: Execute your SMAR trade

There are two primary options:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually sufficient.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at a particular dollar amount, place a limit order.

Press the Open button and your broker will place your order.

If you need more info about buying stocks on eToro, watch the how to video below:

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Step 6: Watch your investment in SMAR

Now that you own some SMAR stock, you'll want to stay up-to-date on your new stock purchase.

Put SMAR on a watchlist to get the latest updates about your SMAR stock.

SMAR Feed

How to Buy Stock in Smartsheet

To reiterate, here are the 6 steps to buy stock in Smartsheet:

  1. Choose where to buy Smartsheet stock
  2. Create a brokerage account
  3. Deposit funds into your brokerage account
  4. Analyze Smartsheet stock
  5. Execute your SMAR trade
  6. Watch your investment in SMAR

If you need a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your new investment in Smartsheet, click below.

NYSE: SMAR
$39.68-1.05 (-2.58%)
Updated May 24, 2024
Open eToro Account
NYSE: SMAR
$39.68-1.05 (-2.58%)
Updated May 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Smartsheet share?

As of May 24, 2024, it costs $39.68 to buy one share of Smartsheet stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.252 shares of SMAR.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Smartsheet stock?

According to 15 Wall Street analysts who monitor Smartsheet, their consensus recommendation is to buy Smartsheet stock.

What is the best way to buy Smartsheet stock?

One way to place an order for Smartsheet stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.