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

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

Smith Micro Software Stock Performance

SMSI stock opened at $1.14 on Friday. Smith Micro Software has a 1 year low of $0.52 and a 1 year high of $10.72. The stock has a market capitalization of $12.57 million, a price-to-earnings ratio of -0.21 and a beta of 0.66. The stock’s fifty day moving average is $1.39 and its two-hundred day moving average is $2.09.

Smith Micro Software (NASDAQ:SMSI) last posted 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 firm had revenue of $5.14 million for the quarter, compared to analyst estimates of $5.40 million. During the same period in the previous year, the firm earned ($0.24) earnings per share. As a group, analysts predict that Smith Micro Software will post -1.84 EPS for the current fiscal year.

Institutional Trading of Smith Micro Software

An institutional investor recently raised its position in Smith Micro Software stock. Pacific Ridge Capital Partners LLC raised its stake in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) by 21.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,128,190 shares of the software maker’s stock after buying an additional 374,963 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 2.96% of Smith Micro Software worth $1,758,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 20.80% of the company’s stock.

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.