Roth Mkm Reiterates Buy Rating for Smith Micro Software (NASDAQ:SMSI)

Roth Mkm reissued their buy rating on shares of Smith Micro Software (NASDAQ:SMSI) in a report released on Wednesday, Benzinga reports. Roth Mkm currently has a $4.50 price target on the software maker’s stock.

SMSI has been the topic of a number of other reports. Benchmark reaffirmed a buy rating and issued a $4.50 price target on shares of Smith Micro Software in a research note on Thursday, August 31st. StockNews.com lowered Smith Micro Software from a hold rating to a sell rating in a research note on Thursday, September 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $3.35.

Smith Micro Software Trading Down 3.0 %

Shares of SMSI opened at $1.31 on Wednesday. Smith Micro Software has a 12 month low of $0.95 and a 12 month high of $3.47. The stock’s 50 day moving average is $1.36 and its two-hundred day moving average is $1.24. The firm has a market cap of $87.44 million, a P/E ratio of -2.79 and a beta of 0.90.

Smith Micro Software (NASDAQ:SMSI) last issued its quarterly earnings data on Wednesday, August 9th. The software maker reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). Smith Micro Software had a negative return on equity of 23.19% and a negative net margin of 62.80%. The company had revenue of $10.34 million for the quarter, compared to analyst estimates of $10.67 million. Equities research analysts forecast that Smith Micro Software will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Smith Micro Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMSI. Capital Investment Advisors LLC acquired a new position in Smith Micro Software during the first quarter worth $28,000. Virtu Financial LLC acquired a new position in Smith Micro Software during the fourth quarter worth $31,000. Verition Fund Management LLC acquired a new position in Smith Micro Software during the second quarter worth $35,000. XTX Topco Ltd acquired a new position in Smith Micro Software during the second quarter worth $37,000. Finally, Acadian Asset Management LLC acquired a new position in Smith Micro Software during the first quarter worth $43,000. Institutional investors and hedge funds own 13.91% 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, Africa, and internationally. The company offers SafePath Family, SafePath IoT, and SafePath Home 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 providers deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language Voice-to-Text transcription messaging.