Smith Micro Software (NASDAQ:SMSI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Smith Micro Software (NASDAQ:SMSI) in a report released on Sunday. The brokerage issued a hold rating on the software maker’s stock.

Smith Micro Software Stock Performance

Shares of SMSI opened at $1.14 on Friday. Smith Micro Software has a one year low of $0.52 and a one year high of $10.72. The stock has a 50-day moving average price of $1.39 and a 200 day moving average price of $2.09. The company has a market capitalization of $12.57 million, a P/E ratio of -0.21 and a beta of 0.66.

Smith Micro Software (NASDAQ:SMSI) last announced its earnings results on Thursday, August 1st. The software maker reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.14). Smith Micro Software had a negative net margin of 163.04% and a negative return on equity of 23.88%. The business had revenue of $5.14 million during the quarter, compared to analyst estimates of $5.40 million. During the same period in the previous year, the company earned ($0.24) earnings per share. As a group, equities research analysts forecast that Smith Micro Software will post -1.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Smith Micro Software stock. Lindbrook Capital LLC increased its holdings in Smith Micro Software, Inc. (NASDAQ:SMSI) by 7.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 73,250 shares of the software maker’s stock after buying an additional 5,000 shares during the period. Lindbrook Capital LLC owned about 0.76% of Smith Micro Software worth $25,000 as of its most recent filing with the SEC. 20.80% of the stock is owned by institutional investors and hedge funds.

Smith Micro Software Company Profile

Smith Micro Software, Inc engages in the development and sale of software to enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa. The company offers SafePath Family, SafePath IoT, SafePath Home, and SafePath Premium product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service provides deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language voice-to-text (VTT) transcription messaging.