Smith Micro Software (NASDAQ:SMSI) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Smith Micro Software, Inc. (NASDAQ:SMSI)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.01 and traded as high as $1.44. Smith Micro Software shares last traded at $1.39, with a volume of 152,784 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Benchmark restated a “buy” rating and set a $5.00 target price on shares of Smith Micro Software in a report on Thursday, November 14th. StockNews.com lowered shares of Smith Micro Software from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st.

Smith Micro Software Stock Performance

The business’s 50 day moving average is $1.28 and its 200 day moving average is $1.01. The stock has a market cap of $16.60 million, a price-to-earnings ratio of -0.27 and a beta of 0.67.

Hedge Funds Weigh In On Smith Micro Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in Smith Micro Software in the 3rd quarter worth approximately $39,000. XTX Topco Ltd acquired a new position in Smith Micro Software in the 3rd quarter worth approximately $26,000. Two Sigma Investments LP boosted its stake in Smith Micro Software by 178.4% in the 4th quarter. Two Sigma Investments LP now owns 31,710 shares of the software maker’s stock worth $42,000 after purchasing an additional 20,321 shares during the period. Jane Street Group LLC boosted its stake in shares of Smith Micro Software by 190.9% during the 4th quarter. Jane Street Group LLC now owns 51,480 shares of the software maker’s stock valued at $67,000 after buying an additional 33,784 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Smith Micro Software during the 4th quarter valued at $32,000. Institutional investors and hedge funds 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.