Smith Micro Software, Inc. (NASDAQ:SMSI) Director Thomas G. Campbell sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $3.20, for a total value of $16,000.00. Following the completion of the transaction, the director now owns 57,000 shares of the company’s stock, valued at $182,400. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of SMSI traded up $0.02 on Thursday, hitting $3.28. The company’s stock had a trading volume of 62,658 shares, compared to its average volume of 196,473. Smith Micro Software, Inc. has a fifty-two week low of $1.62 and a fifty-two week high of $3.48. The firm has a market capitalization of $105.01 million, a PE ratio of -23.39 and a beta of 0.33.
Smith Micro Software (NASDAQ:SMSI) last issued its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The business had revenue of $8.43 million during the quarter, compared to analyst estimates of $7.80 million. Smith Micro Software had a positive return on equity of 24.68% and a negative net margin of 1.06%. As a group, research analysts anticipate that Smith Micro Software, Inc. will post 0.06 EPS for the current fiscal year.
Several brokerages recently issued reports on SMSI. Zacks Investment Research lowered Smith Micro Software from a “buy” rating to a “sell” rating in a research report on Wednesday. TheStreet upgraded Smith Micro Software from a “d” rating to a “c-” rating in a research report on Friday, May 10th. ValuEngine upgraded Smith Micro Software from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Finally, Chardan Capital began coverage on Smith Micro Software in a research report on Sunday, April 7th. They issued a “buy” rating and a $5.00 price objective for the company. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. Smith Micro Software presently has a consensus rating of “Buy” and a consensus price target of $3.67.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp lifted its stake in Smith Micro Software by 54.4% in the 4th quarter. Northern Trust Corp now owns 32,448 shares of the software maker’s stock valued at $58,000 after acquiring an additional 11,432 shares in the last quarter. BlackRock Inc. lifted its stake in Smith Micro Software by 4.3% in the 4th quarter. BlackRock Inc. now owns 368,229 shares of the software maker’s stock valued at $663,000 after acquiring an additional 15,165 shares in the last quarter. Virtu Financial LLC bought a new stake in Smith Micro Software in the 4th quarter valued at approximately $53,000. FNY Investment Advisers LLC bought a new stake in Smith Micro Software in the 1st quarter valued at approximately $106,000. Finally, Renaissance Technologies LLC bought a new stake in Smith Micro Software in the 1st quarter valued at approximately $115,000. Hedge funds and other institutional investors own 6.91% of the company’s stock.
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Smith Micro Software Company Profile
Smith Micro Software, Inc develops and sells software to simplify and enhance the mobile experience to wireless service providers, device manufacturers, and enterprise businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Wireless and Graphics.
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