Shares of Smith Micro Software, Inc. (NASDAQ:SMSI) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price objective of $4.00 for the company and are anticipating that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given Smith Micro Software an industry rank of 86 out of 257 based on the ratings given to its competitors.
Several brokerages have weighed in on SMSI. Zacks Investment Research upgraded Smith Micro Software from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a research note on Saturday, December 1st. Roth Capital began coverage on Smith Micro Software in a research note on Monday, October 1st. They set a “buy” rating and a $4.00 price objective on the stock.
NASDAQ SMSI traded down $0.06 during mid-day trading on Thursday, hitting $1.80. The company’s stock had a trading volume of 115,031 shares, compared to its average volume of 279,643. Smith Micro Software has a twelve month low of $1.45 and a twelve month high of $2.96. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 0.94. The company has a market cap of $52.58 million, a P/E ratio of -6.92 and a beta of -0.01.
Smith Micro Software (NASDAQ:SMSI) last posted its quarterly earnings results on Wednesday, October 24th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. Smith Micro Software had a negative net margin of 23.11% and a negative return on equity of 71.14%. The business had revenue of $6.53 million during the quarter, compared to the consensus estimate of $6.10 million. Sell-side analysts predict that Smith Micro Software will post -0.25 EPS for the current year.
Large investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in Smith Micro Software by 13.1% during the 2nd quarter. BlackRock Inc. now owns 351,215 shares of the software maker’s stock valued at $804,000 after acquiring an additional 40,629 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Smith Micro Software during the 3rd quarter valued at $122,000. Vanguard Group Inc. lifted its stake in Smith Micro Software by 71.6% during the 3rd quarter. Vanguard Group Inc. now owns 605,031 shares of the software maker’s stock valued at $1,525,000 after acquiring an additional 252,500 shares in the last quarter. Finally, Vanguard Group Inc lifted its stake in Smith Micro Software by 71.6% during the 3rd quarter. Vanguard Group Inc now owns 605,031 shares of the software maker’s stock valued at $1,525,000 after acquiring an additional 252,500 shares in the last quarter. Institutional investors and hedge funds own 6.89% of the company’s stock.
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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