Shares of Smith Micro Software Inc. (NASDAQ:SMSI) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation. Smith Micro Software’s rating score has improved by 50% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a one year consensus price target of $3.00 for the company and are forecasting that the company will post ($0.09) earnings per share for the current quarter, according to Zacks. Zacks has also given Smith Micro Software an industry rank of 158 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Smith Micro Software from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research report on Saturday, September 10th.
Shares of Smith Micro Software (NASDAQ:SMSI) opened at 1.58 on Tuesday. Smith Micro Software has a 12-month low of $1.28 and a 12-month high of $3.36. The stock’s market capitalization is $19.47 million. The firm has a 50-day moving average of $1.66 and a 200 day moving average of $2.35.
Smith Micro Software (NASDAQ:SMSI) last issued its quarterly earnings results on Wednesday, October 26th. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.08. Smith Micro Software had a negative net margin of 38.16% and a negative return on equity of 84.44%. The business earned $6.50 million during the quarter, compared to analysts’ expectations of $8.20 million. Equities analysts forecast that Smith Micro Software will post ($0.62) earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Smith Micro Software stock. Miracle Mile Advisors LLC acquired a new position in shares of Smith Micro Software Inc. (NASDAQ:SMSI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 612,772 shares of the company’s stock, valued at approximately $435,000. Miracle Mile Advisors LLC owned 1.30% of Smith Micro Software as of its most recent filing with the SEC. Institutional investors and hedge funds own 19.47% of the company’s stock.
Smith Micro Software Company Profile
Smith Micro Software, Inc is a provider of software solutions. The Company operates through two segments: Wireless and Graphics. The Company offers multi-platform, modular solutions organized into three product families, including NetWise, CommSuite and QuickLink. For mobile network operators, NetWise helps reduce cellular congestion and optimize data traffic across third-generation (3G), fourth-generation (4G) and wireless fidelity (Wi-Fi) networks.