Shares of SmartRent, Inc. (NYSE:SMRT – Get Free Report) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $2.64.
Several brokerages recently issued reports on SMRT. Keefe, Bruyette & Woods downgraded SmartRent from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $3.50 to $2.00 in a report on Thursday, August 8th. Colliers Securities lowered shares of SmartRent from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 31st. Cantor Fitzgerald lowered SmartRent from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $4.00 to $2.00 in a report on Thursday, August 8th. BTIG Research lowered SmartRent from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Finally, DA Davidson downgraded shares of SmartRent from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $3.25 to $2.00 in a report on Wednesday, July 31st.
View Our Latest Stock Report on SmartRent
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SmartRent Price Performance
Shares of NYSE:SMRT opened at $1.71 on Friday. The firm has a market capitalization of $344.12 million, a PE ratio of -11.37 and a beta of 1.98. SmartRent has a 12 month low of $1.35 and a 12 month high of $3.57. The business has a 50-day moving average of $2.04 and a two-hundred day moving average of $2.40.
SmartRent (NYSE:SMRT – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). SmartRent had a negative return on equity of 7.28% and a negative net margin of 13.08%. The firm had revenue of $48.52 million for the quarter, compared to analyst estimates of $51.33 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, research analysts anticipate that SmartRent will post -0.06 earnings per share for the current year.
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.
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