Shares of Smith Micro Software, Inc. (NASDAQ:SMSI) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus price target of $5.00 for the company and are forecasting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Smith Micro Software an industry rank of 84 out of 256 based on the ratings given to its competitors.
A number of research analysts recently weighed in on SMSI shares. Chardan Capital started coverage on shares of Smith Micro Software in a research report on Sunday, April 7th. They set a “buy” rating and a $5.00 price objective on the stock. ValuEngine upgraded shares of Smith Micro Software from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. TheStreet upgraded shares of Smith Micro Software from a “d” rating to a “c-” rating in a research report on Friday, May 10th. Finally, Zacks Investment Research downgraded shares of Smith Micro Software from a “buy” rating to a “sell” rating in a research report on Wednesday, May 15th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in Smith Micro Software in the fourth quarter worth approximately $108,000. FNY Investment Advisers LLC bought a new position in Smith Micro Software in the first quarter worth approximately $106,000. Vanguard Group Inc. raised its position in Smith Micro Software by 71.6% in the third quarter. Vanguard Group Inc. now owns 605,031 shares of the software maker’s stock worth $1,525,000 after acquiring an additional 252,500 shares during the period. BlackRock Inc. raised its position in Smith Micro Software by 4.3% in the fourth quarter. BlackRock Inc. now owns 368,229 shares of the software maker’s stock worth $663,000 after acquiring an additional 15,165 shares during the period. Finally, Northern Trust Corp raised its position in Smith Micro Software by 54.4% in the fourth quarter. Northern Trust Corp now owns 32,448 shares of the software maker’s stock worth $58,000 after acquiring an additional 11,432 shares during the period. Institutional investors and hedge funds own 7.20% of the company’s stock.
Smith Micro Software stock traded up $0.11 during midday trading on Friday, reaching $3.17. 39,197 shares of the company traded hands, compared to its average volume of 76,648. The stock has a market cap of $101.66 million, a price-to-earnings ratio of 45.29 and a beta of 0.34. The company’s 50 day simple moving average is $3.04. Smith Micro Software has a 12 month low of $1.62 and a 12 month high of $3.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.43 and a quick ratio of 3.43.
Smith Micro Software (NASDAQ:SMSI) last issued its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. The company had revenue of $8.43 million for the quarter, compared to the consensus estimate of $7.80 million. Smith Micro Software had a negative net margin of 1.06% and a positive return on equity of 16.96%. Sell-side analysts forecast that Smith Micro Software will post 0.06 earnings per share for the current fiscal year.
Smith Micro Software Company Profile
Smith Micro Software, Inc develops and sells software to simplify and enhance the mobile experience to wireless service providers, device manufacturers, and enterprise businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Wireless and Graphics.
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