Benchmark Reiterates “Buy” Rating for Smith Micro Software (NASDAQ:SMSI)

Benchmark reaffirmed their buy rating on shares of Smith Micro Software (NASDAQ:SMSI) in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a $5.00 price target on the software maker’s stock.

Separately, StockNews.com lowered shares of Smith Micro Software from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th.

Smith Micro Software Trading Down 4.8 %

Shares of SMSI stock opened at $0.81 on Thursday. Smith Micro Software has a 12 month low of $0.52 and a 12 month high of $7.52. The firm has a market capitalization of $9.61 million, a PE ratio of -0.16 and a beta of 0.73. The firm has a fifty day simple moving average of $0.89 and a two-hundred day simple moving average of $1.58.

Hedge Funds Weigh In On Smith Micro Software

An institutional investor recently bought a new position in Smith Micro Software stock. XTX Topco Ltd bought a new stake in Smith Micro Software, Inc. (NASDAQ:SMSI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,867 shares of the software maker’s stock, valued at approximately $26,000. XTX Topco Ltd owned about 0.22% of Smith Micro Software at the end of the most recent reporting period. Institutional investors own 20.80% of the company’s stock.

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.