Shares of Smith Micro Software, Inc. (NASDAQ:SMSI) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus target price of $5.00 for the company and are forecasting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given Smith Micro Software an industry rank of 71 out of 256 based on the ratings given to its competitors.
SMSI has been the topic of a number of recent research reports. ValuEngine raised Smith Micro Software from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. TheStreet raised Smith Micro Software from a “d” rating to a “c-” rating in a research note on Friday, May 10th. Zacks Investment Research lowered Smith Micro Software from a “buy” rating to a “sell” rating in a research note on Wednesday, May 15th. Finally, Chardan Capital initiated coverage on Smith Micro Software in a research note on Sunday, April 7th. They set a “buy” rating and a $5.00 price target on the stock.
Institutional investors have recently modified their holdings of the business. Vanguard Group Inc lifted its stake 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 worth $1,525,000 after purchasing an additional 252,500 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Smith Micro Software during the 4th quarter worth $108,000. FNY Investment Advisers LLC purchased a new position in shares of Smith Micro Software during the 1st quarter worth $106,000. Virtu Financial LLC purchased a new position in shares of Smith Micro Software during the 4th quarter worth $53,000. Finally, Vanguard Group Inc. lifted its stake 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 worth $1,525,000 after purchasing an additional 252,500 shares during the period. 7.41% of the stock is currently owned by institutional investors.
SMSI stock traded down $0.08 on Thursday, reaching $3.12. The company had a trading volume of 58,200 shares, compared to its average volume of 189,844. Smith Micro Software has a 1 year low of $1.62 and a 1 year high of $3.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.43 and a current ratio of 3.43. The firm has a market cap of $102.30 million, a P/E ratio of -22.29 and a beta of 0.33.
Smith Micro Software (NASDAQ:SMSI) last posted its earnings results on Wednesday, May 8th. The software maker reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Smith Micro Software had a positive return on equity of 16.96% and a negative net margin of 1.06%. The firm had revenue of $8.43 million for the quarter, compared to analyst estimates of $7.80 million. On average, research analysts predict that Smith Micro Software will post 0.06 earnings per share for the current year.
About Smith Micro Software
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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