Virtu Financial LLC Takes Position in Smith Micro Software, Inc. (NASDAQ:SMSI)

Virtu Financial LLC acquired a new position in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 37,961 shares of the software maker’s stock, valued at approximately $39,000.

Separately, XTX Topco Ltd acquired a new position in Smith Micro Software during the third quarter worth about $26,000. Institutional investors own 20.80% of the company’s stock.

Smith Micro Software Stock Up 2.0 %

Shares of SMSI opened at $0.97 on Friday. The stock has a market cap of $11.49 million, a PE ratio of -0.19 and a beta of 0.76. Smith Micro Software, Inc. has a 12-month low of $0.52 and a 12-month high of $7.52. The business has a 50-day simple moving average of $0.84 and a two-hundred day simple moving average of $1.31.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Smith Micro Software from a “hold” rating to a “sell” rating in a research note on Saturday. Benchmark restated a “buy” rating and issued a $5.00 target price on shares of Smith Micro Software in a research report on Thursday, November 14th.

About Smith Micro Software

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.