SmartRent, Inc. (NYSE:SMRT – Get Free Report) Director Thomas Bohjalian bought 15,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average cost of $1.36 per share, with a total value of $20,400.00. Following the completion of the transaction, the director owned 781,062 shares in the company, valued at $1,062,244.32. The trade was a 1.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
SmartRent Trading Up 5.2%
NYSE SMRT opened at $1.42 on Friday. The firm has a market capitalization of $272.09 million, a PE ratio of -14.20 and a beta of 1.52. The business’s 50-day moving average price is $1.15 and its two-hundred day moving average price is $1.35. SmartRent, Inc. has a 12 month low of $0.91 and a 12 month high of $2.20.
SmartRent (NYSE:SMRT – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $38.39 million for the quarter, compared to analyst estimates of $39.62 million. SmartRent had a negative return on equity of 8.50% and a negative net margin of 12.97%. As a group, analysts forecast that SmartRent, Inc. will post -0.1 earnings per share for the current fiscal year.
Analyst Ratings Changes
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Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. LPL Financial LLC raised its holdings in SmartRent by 60.9% during the 4th quarter. LPL Financial LLC now owns 37,000 shares of the company’s stock valued at $75,000 after acquiring an additional 14,000 shares during the period. Neuberger Berman Group LLC purchased a new position in shares of SmartRent in the fourth quarter valued at $30,000. Invesco Ltd. grew its position in shares of SmartRent by 4.8% in the fourth quarter. Invesco Ltd. now owns 331,584 shares of the company’s stock valued at $670,000 after purchasing an additional 15,124 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of SmartRent by 111.3% during the 4th quarter. Squarepoint Ops LLC now owns 31,774 shares of the company’s stock valued at $64,000 after purchasing an additional 16,734 shares during the period. Finally, CTC Alternative Strategies Ltd. bought a new stake in shares of SmartRent during the 1st quarter valued at $26,000. 59.42% of the stock is currently owned by hedge funds and other institutional investors.
About SmartRent
SmartRent Inc is a technology company that develops smart home and smart building automation solutions for the residential rental housing industry. Its integrated hardware and software platform enables property managers and owners to remotely monitor, manage and control access, energy use and overall resident experience. The company’s product portfolio includes smart locks, thermostats, leak and flood sensors, door and window sensors, security cameras, and a centralized management dashboard that interfaces with leading property management systems.
SmartRent’s platform is designed to streamline operations for multifamily communities and single-family rental portfolios by automating routine tasks such as digital resident self-showings, remote lease turnovers, package management and preventative maintenance alerts.
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