Smith Micro Software (NASDAQ:SMSI) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Smith Micro Software (NASDAQ:SMSI) from a hold rating to a sell rating in a report issued on Saturday morning.

Separately, Benchmark reaffirmed a “buy” rating and set a $5.00 price objective on shares of Smith Micro Software in a report on Thursday, November 14th.

Smith Micro Software Trading Up 30.0 %

Shares of SMSI stock opened at $1.26 on Friday. The stock has a market capitalization of $14.94 million, a price-to-earnings ratio of -0.24 and a beta of 0.76. Smith Micro Software has a 12-month low of $0.52 and a 12-month high of $7.52. The stock’s 50-day moving average price is $0.84 and its 200-day moving average price is $1.29.

Institutional Trading of Smith Micro Software

A hedge fund recently bought a new stake in Smith Micro Software stock. XTX Topco Ltd purchased a new position in Smith Micro Software, Inc. (NASDAQ:SMSI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 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. 20.80% of the stock is currently owned by institutional investors and hedge funds.

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.