Research Analysts Set Expectations for SmartRent Q1 Earnings

SmartRent, Inc. (NYSE:SMRT) – Equities researchers at Colliers Securities issued their Q1 2025 earnings estimates for SmartRent in a research report issued on Monday, March 24th. Colliers Securities analyst B. Oxford expects that the company will earn ($0.02) per share for the quarter. The consensus estimate for SmartRent’s current full-year earnings is ($0.14) per share. Colliers Securities also issued estimates for SmartRent’s FY2026 earnings at ($0.09) EPS.

Separately, Keefe, Bruyette & Woods decreased their target price on SmartRent from $2.00 to $1.60 and set a “market perform” rating for the company in a report on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2.40.

SmartRent Price Performance

Shares of NYSE:SMRT opened at $1.16 on Thursday. The business has a 50-day moving average of $1.36 and a two-hundred day moving average of $1.57. The firm has a market capitalization of $222.57 million, a PE ratio of -8.88 and a beta of 1.92. SmartRent has a 12 month low of $1.07 and a 12 month high of $2.98.

SmartRent (NYSE:SMRT) last announced its quarterly earnings data on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). The company had revenue of $35.37 million for the quarter, compared to analysts’ expectations of $37.78 million. SmartRent had a negative net margin of 12.77% and a negative return on equity of 6.08%. The firm’s quarterly revenue was down 41.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) earnings per share.

Hedge Funds Weigh In On SmartRent

A number of institutional investors have recently added to or reduced their stakes in SMRT. Price T Rowe Associates Inc. MD grew its stake in shares of SmartRent by 15.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 71,641 shares of the company’s stock valued at $126,000 after acquiring an additional 9,827 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in SmartRent by 20.6% in the fourth quarter. MetLife Investment Management LLC now owns 87,149 shares of the company’s stock valued at $153,000 after purchasing an additional 14,879 shares during the last quarter. Virtu Financial LLC acquired a new stake in SmartRent during the 3rd quarter valued at approximately $26,000. Dynamic Technology Lab Private Ltd purchased a new stake in SmartRent during the 4th quarter worth approximately $27,000. Finally, State Street Corp raised its position in shares of SmartRent by 0.4% in the 3rd quarter. State Street Corp now owns 4,206,322 shares of the company’s stock valued at $7,277,000 after purchasing an additional 15,642 shares in the last quarter. Institutional investors and hedge funds own 59.42% of the company’s stock.

Insider Buying and Selling

In related news, Director John C. Dorman purchased 125,000 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $1.20 per share, for a total transaction of $150,000.00. Following the acquisition, the director now directly owns 229,965 shares in the company, valued at $275,958. The trade was a 119.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Shane Paladin acquired 43,859 shares of the stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $1.14 per share, with a total value of $49,999.26. Following the transaction, the chief executive officer now directly owns 43,859 shares of the company’s stock, valued at $49,999.26. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.00% of the stock is owned by corporate 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.