Smith Micro Software (NASDAQ:SMSI) Downgraded by StockNews.com to Sell

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 target price on shares of Smith Micro Software in a research report on Thursday, November 14th.

Smith Micro Software Stock Up 30.0 %

SMSI stock opened at $1.26 on Friday. Smith Micro Software has a twelve month low of $0.52 and a twelve month high of $7.52. The firm’s fifty day simple moving average is $0.84 and its two-hundred day simple moving average is $1.29. The stock has a market capitalization of $14.94 million, a price-to-earnings ratio of -0.24 and a beta of 0.76.

Institutional Trading of Smith Micro Software

A hedge fund recently bought a new stake in Smith Micro Software stock. Virtu Financial LLC purchased a new position in Smith Micro Software, Inc. (NASDAQ:SMSI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,961 shares of the software maker’s stock, valued at approximately $39,000. Virtu Financial LLC owned about 0.32% of Smith Micro Software at the end of the most recent quarter. 20.80% of the stock is owned by institutional investors.

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.