Smith Micro Software (NASDAQ:SMSI) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Smith Micro Software (NASDAQ:SMSI) from a sell rating to a hold rating in a report issued on Wednesday morning.

Separately, Benchmark restated a “buy” rating and issued a $5.00 price target on shares of Smith Micro Software in a research note on Thursday, November 14th.

Smith Micro Software Stock Performance

SMSI stock opened at $0.76 on Wednesday. The business’s fifty day moving average price is $0.91 and its 200 day moving average price is $1.53. Smith Micro Software has a 12-month low of $0.52 and a 12-month high of $7.52. The company has a market capitalization of $9.04 million, a PE ratio of -0.15 and a beta of 0.73.

Hedge Funds Weigh In On Smith Micro Software

A hedge fund recently bought a new stake in Smith Micro Software stock. XTX Topco Ltd bought a new stake in Smith Micro Software, Inc. (NASDAQ:SMSI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 25,867 shares of the software maker’s stock, valued at approximately $26,000. XTX Topco Ltd owned approximately 0.22% of Smith Micro Software as of its most recent SEC filing. Institutional investors own 20.80% of the company’s stock.

Smith Micro Software Company Profile

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.