Smith Micro Software (NASDAQ:SMSI) Upgraded to Hold at StockNews.com

Smith Micro Software (NASDAQ:SMSI) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Separately, Benchmark reiterated a “buy” rating and issued a $5.00 price target on shares of Smith Micro Software in a research note on Thursday, November 14th.

Smith Micro Software Stock Down 5.4 %

Shares of Smith Micro Software stock opened at $0.75 on Wednesday. The company has a 50-day simple moving average of $0.90 and a two-hundred day simple moving average of $1.56. Smith Micro Software has a twelve month low of $0.52 and a twelve month high of $7.52. The stock has a market capitalization of $8.89 million, a price-to-earnings ratio of -0.14 and a beta of 0.73.

Institutional Investors Weigh In On Smith Micro Software

A hedge fund recently bought a new stake in Smith Micro Software stock. XTX Topco Ltd bought a new stake in Smith Micro Software, Inc. (NASDAQ:SMSI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,867 shares of the software maker’s stock, valued at approximately $26,000. XTX Topco Ltd owned approximately 0.22% of Smith Micro Software at the end of the most recent quarter. 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.