SmartRent, Inc. (NYSE:SMRT – Get Free Report) insider Sangeeth Ponathil acquired 10,000 shares of SmartRent stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $1.25 per share, for a total transaction of $12,500.00. Following the acquisition, the insider owned 10,000 shares in the company, valued at approximately $12,500. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
SmartRent Stock Performance
NYSE:SMRT opened at $1.26 on Friday. The stock’s fifty day moving average price is $1.37 and its two-hundred day moving average price is $1.63. SmartRent, Inc. has a 52-week low of $0.78 and a 52-week high of $2.20. The company has a market cap of $242.01 million, a price-to-earnings ratio of -9.65 and a beta of 1.57.
SmartRent (NYSE:SMRT – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). SmartRent had a negative return on equity of 10.61% and a negative net margin of 16.58%.The firm had revenue of $36.63 million for the quarter, compared to the consensus estimate of $36.82 million. On average, equities analysts predict that SmartRent, Inc. will post -0.1 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Read Our Latest Report on SMRT
Institutional Trading of SmartRent
Several institutional investors and hedge funds have recently made changes to their positions in SMRT. CTC Alternative Strategies Ltd. bought a new stake in shares of SmartRent during the 1st quarter valued at $26,000. Kanen Wealth Management LLC bought a new stake in shares of SmartRent during the 3rd quarter valued at $26,000. Neuberger Berman Group LLC bought a new stake in shares of SmartRent during the 4th quarter valued at $30,000. SummitTX Capital L.P. bought a new stake in shares of SmartRent during the 1st quarter valued at $34,000. Finally, Dean Jacobson Financial Services LLC bought a new stake in shares of SmartRent during the 4th quarter valued at $35,000. Institutional investors own 59.42% of the company’s stock.
SmartRent Company Profile
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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