StockNews.com Begins Coverage on Smith Micro Software (NASDAQ:SMSI)

Equities researchers at StockNews.com assumed coverage on shares of Smith Micro Software (NASDAQ:SMSI) in a report released on Sunday. The brokerage set a “hold” rating on the software maker’s stock.

Smith Micro Software Stock Performance

Shares of NASDAQ:SMSI opened at $0.52 on Friday. The firm has a market cap of $5.77 million, a P/E ratio of -0.10 and a beta of 0.66. Smith Micro Software has a 52-week low of $0.52 and a 52-week high of $10.72. The business’s 50 day simple moving average is $1.39 and its two-hundred day simple moving average is $2.09.

Smith Micro Software (NASDAQ:SMSI) last issued 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). The company had revenue of $5.14 million for the quarter, compared to the consensus estimate of $5.40 million. Smith Micro Software had a negative return on equity of 23.88% and a negative net margin of 163.04%. During the same quarter last year, the business posted ($0.24) EPS. On average, equities analysts forecast that Smith Micro Software will post -1.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Smith Micro Software

A hedge fund recently raised its stake in Smith Micro Software stock. Lindbrook Capital LLC increased its stake in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) by 7.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,250 shares of the software maker’s stock after purchasing an additional 5,000 shares during the quarter. Lindbrook Capital LLC owned 0.76% of Smith Micro Software worth $25,000 as of its most recent SEC filing. 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.