Smith Micro Software (NASDAQ:SMSI) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Smith Micro Software (NASDAQ:SMSI) in a report released on Saturday. The brokerage issued a hold rating on the software maker’s stock.

Smith Micro Software Stock Performance

Smith Micro Software stock opened at $0.56 on Friday. The stock has a market cap of $6.17 million, a PE ratio of -0.10 and a beta of 0.67. Smith Micro Software has a one year low of $0.52 and a one year high of $11.92. The stock has a fifty day moving average of $1.56 and a 200 day moving average of $2.19.

Smith Micro Software (NASDAQ:SMSI) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.14). The firm had revenue of $5.14 million for the quarter, compared to analysts’ expectations of $5.40 million. Smith Micro Software had a negative net margin of 163.04% and a negative return on equity of 23.88%. During the same quarter last year, the company posted ($0.24) EPS. As a group, sell-side analysts predict that Smith Micro Software will post -1.84 EPS for the current fiscal year.

Institutional Trading of Smith Micro Software

A hedge fund recently raised its stake in Smith Micro Software stock. Lindbrook Capital LLC boosted its position in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) by 7.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,250 shares of the software maker’s stock after acquiring an additional 5,000 shares during the quarter. Lindbrook Capital LLC owned 0.76% of Smith Micro Software worth $25,000 at the end of the most recent reporting period. 20.80% of the stock is owned by hedge funds and other institutional investors.

About Smith Micro Software

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.