Zacks: Smith Micro Software, Inc. (SMSI) Receives Average Recommendation of “Strong Buy” from Analysts

Smith Micro Software, Inc. (NASDAQ:SMSI) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price target of $4.00 for the company and are predicting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given Smith Micro Software an industry rank of 87 out of 257 based on the ratings given to related companies.

Separately, Roth Capital assumed coverage on shares of Smith Micro Software in a research report on Monday, October 1st. They issued a “buy” rating and a $4.00 target price for the company.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Smith Micro Software by 13.1% in the 2nd quarter. BlackRock Inc. now owns 351,215 shares of the software maker’s stock worth $804,000 after purchasing an additional 40,629 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Smith Micro Software during the 3rd quarter valued at $122,000. Finally, UBS Group AG grew its position in shares of Smith Micro Software by 1,500.7% during the 1st quarter. UBS Group AG now owns 60,250 shares of the software maker’s stock valued at $105,000 after acquiring an additional 56,486 shares during the period. 11.63% of the stock is owned by institutional investors and hedge funds.

NASDAQ:SMSI traded down $0.07 during trading hours on Friday, reaching $2.13. The company had a trading volume of 85,284 shares, compared to its average volume of 176,407. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 0.94. Smith Micro Software has a 52 week low of $1.45 and a 52 week high of $3.41. The company has a market cap of $55.06 million, a PE ratio of -8.19 and a beta of 0.32.

Smith Micro Software (NASDAQ:SMSI) last posted its earnings results on Wednesday, October 24th. The software maker reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Smith Micro Software had a negative net margin of 23.11% and a negative return on equity of 71.14%. The business had revenue of $6.53 million during the quarter, compared to the consensus estimate of $6.10 million. Research analysts forecast that Smith Micro Software will post -0.25 earnings per share for the current year.

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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