Weekly Investment Analysts’ Ratings Changes for Smith Micro Software (SMSI)

anlene
4 Min Read

Smith Micro Software logoSeveral brokerages have updated their recommendations and price targets on shares of Smith Micro Software (NASDAQ: SMSI) in the last few weeks:

  • 3/7/2023 – Smith Micro Software had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $5.00 price target on the stock.
  • 2/28/2023 – Smith Micro Software had its price target lowered by analysts at Roth Mkm from $7.50 to $5.50. They now have a “buy” rating on the stock.
  • 2/28/2023 – Smith Micro Software had its price target lowered by analysts at B. Riley from $3.50 to $2.25. They now have a “buy” rating on the stock.
  • 2/28/2023 – Smith Micro Software had its price target lowered by analysts at Dawson James from $8.30 to $3.50.
  • 1/25/2023 – Smith Micro Software was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 1/16/2023 – Smith Micro Software was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Smith Micro Software Stock Performance

NASDAQ:SMSI opened at $1.17 on Tuesday. Smith Micro Software, Inc. has a twelve month low of $1.15 and a twelve month high of $4.18. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $2.62 and a 200-day moving average of $2.39. The firm has a market cap of $65.79 million, a price-to-earnings ratio of -2.13 and a beta of 1.09.

Hedge Funds Weigh In On Smith Micro Software

Large investors have recently made changes to their positions in the business. Millennium Management LLC acquired a new position in shares of Smith Micro Software in the second quarter worth about $1,060,000. Renaissance Technologies LLC boosted its holdings in shares of Smith Micro Software by 24.6% in the second quarter. Renaissance Technologies LLC now owns 723,204 shares of the software maker’s stock worth $1,786,000 after buying an additional 142,903 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Smith Micro Software by 5.4% in the first quarter. Vanguard Group Inc. now owns 2,619,350 shares of the software maker’s stock worth $9,875,000 after buying an additional 134,131 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Smith Micro Software by 38.7% in the first quarter. Dimensional Fund Advisors LP now owns 457,774 shares of the software maker’s stock worth $1,726,000 after buying an additional 127,715 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Smith Micro Software in the fourth quarter worth about $177,000. Institutional investors own 16.01% of the company’s stock.

Smith Micro Software, Inc. engages in the provision of software solutions. It operates through the Wireless segment. The Wireless segment refers to wireless internet solutions to access information and entertainment anytime and anywhere. Its products include SafePath Family, SafePath IoT, SafePath Home, CommSuite VVM, CommSuite VTT, and ViewSpot.

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