Cantor Fitzgerald Comments on SmartRent FY2025 Earnings

SmartRent, Inc. (NYSE:SMRT) – Investment analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for SmartRent in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst B. Knoblauch anticipates that the company will post earnings of $0.02 per share for the year. The consensus estimate for SmartRent’s current full-year earnings is ($0.14) per share.

SmartRent (NYSE:SMRT) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). SmartRent had a negative net margin of 12.77% and a negative return on equity of 6.08%. The company had revenue of $40.50 million for the quarter, compared to the consensus estimate of $45.94 million. During the same period last year, the business earned ($0.04) EPS. The firm’s quarterly revenue was down 30.3% on a year-over-year basis.

SmartRent Stock Performance

Shares of SmartRent stock opened at $1.55 on Thursday. The business has a 50-day moving average price of $1.68 and a 200-day moving average price of $1.76. SmartRent has a twelve month low of $1.17 and a twelve month high of $3.47.

Institutional Investors Weigh In On SmartRent

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of SmartRent during the third quarter worth about $26,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of SmartRent during the third quarter valued at approximately $30,000. Avior Wealth Management LLC bought a new stake in SmartRent in the fourth quarter worth $31,000. SteelPeak Wealth LLC purchased a new position in shares of SmartRent in the fourth quarter worth $34,000. Finally, Algert Global LLC purchased a new position in shares of SmartRent in the 2nd quarter worth $42,000. 59.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Frank Martell acquired 48,204 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $1.45 per share, with a total value of $69,895.80. Following the transaction, the director now owns 248,204 shares in the company, valued at approximately $359,895.80. This trade represents a 24.10 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.00% of the stock is owned by company insiders.

About SmartRent

SmartRent, Inc, an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. The company’s products and solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi.