Smith Micro Software (NASDAQ:SMSI) Downgraded by StockNews.com to Sell

Smith Micro Software (NASDAQ:SMSI) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

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

Smith Micro Software Stock Performance

Shares of NASDAQ SMSI opened at $0.97 on Friday. The company has a 50 day simple moving average of $0.84 and a two-hundred day simple moving average of $1.31. Smith Micro Software has a fifty-two week low of $0.52 and a fifty-two week high of $7.52. The company has a market capitalization of $11.49 million, a price-to-earnings ratio of -0.19 and a beta of 0.76.

Institutional Trading of Smith Micro Software

An institutional investor recently bought a new position in Smith Micro Software stock. Virtu Financial LLC bought a new position in Smith Micro Software, Inc. (NASDAQ:SMSI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,961 shares of the software maker’s stock, valued at approximately $39,000. Virtu Financial LLC owned approximately 0.32% of Smith Micro Software as of its most recent filing with the Securities and Exchange Commission (SEC). 20.80% of the stock is owned by 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.