Smith Micro Software (NASDAQ:SMSI) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Smith Micro Software (NASDAQ:SMSI) from a hold rating to a sell rating in a report published on Saturday.

Separately, Benchmark restated a “buy” rating and set a $5.00 price objective on shares of Smith Micro Software in a research report on Thursday, November 14th.

Smith Micro Software Stock Up 2.0 %

Shares of NASDAQ:SMSI opened at $0.97 on Friday. The firm has a market cap of $11.49 million, a P/E ratio of -0.19 and a beta of 0.76. Smith Micro Software has a 12-month low of $0.52 and a 12-month high of $7.52. The business has a fifty day simple moving average of $0.84 and a 200 day simple moving average of $1.30.

Hedge Funds Weigh In On Smith Micro Software

An institutional investor recently bought a new position in Smith Micro Software stock. Virtu Financial LLC purchased a new position in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) in the third quarter, according to its most recent filing with the SEC. The firm purchased 37,961 shares of the software maker’s stock, valued at approximately $39,000. Virtu Financial LLC owned 0.32% of Smith Micro Software at the end of the most recent quarter. 20.80% of the stock is owned by institutional investors.

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.