Shares of Smith Micro Software, Inc. (NASDAQ:SMSI) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus target price of $4.55 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Smith Micro Software an industry rank of 11 out of 255 based on the ratings given to related companies.
SMSI has been the subject of several research reports. ValuEngine cut Smith Micro Software from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Chardan Capital initiated coverage on Smith Micro Software in a report on Sunday, April 7th. They set a “buy” rating and a $5.00 price objective for the company. Finally, Zacks Investment Research raised Smith Micro Software from a “hold” rating to a “buy” rating and set a $2.00 price objective for the company in a report on Wednesday, January 16th.
Shares of SMSI traded down $0.01 during mid-day trading on Tuesday, hitting $2.87. The company’s stock had a trading volume of 140,871 shares, compared to its average volume of 289,386. Smith Micro Software has a 1-year low of $1.62 and a 1-year high of $3.35.
Smith Micro Software (NASDAQ:SMSI) last posted its quarterly earnings results on Wednesday, March 13th. The software maker reported $0.10 EPS for the quarter, beating the consensus estimate of $0.01 by $0.09. The business had revenue of $7.35 million during the quarter, compared to analysts’ expectations of $6.70 million. Smith Micro Software had a positive return on equity of 9.62% and a negative net margin of 10.42%. As a group, research analysts forecast that Smith Micro Software will post 0.07 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc increased its position in Smith Micro Software by 71.6% during the third quarter. Vanguard Group Inc now owns 605,031 shares of the software maker’s stock worth $1,525,000 after buying an additional 252,500 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Smith Micro Software during the 4th quarter valued at approximately $108,000. FNY Investment Advisers LLC bought a new position in shares of Smith Micro Software during the 1st quarter valued at approximately $106,000. Virtu Financial LLC bought a new position in shares of Smith Micro Software during the 4th quarter valued at approximately $53,000. Finally, Vanguard Group Inc. boosted its position in shares of 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 during the last quarter. 6.78% of the stock is owned by institutional investors.
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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