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 released on Wednesday morning.

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

Smith Micro Software Stock Performance

Shares of SMSI opened at $0.76 on Wednesday. The business’s 50 day moving average is $0.91 and its 200 day moving average 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.

Institutional Investors Weigh In On Smith Micro Software

A hedge fund recently bought a new stake in Smith Micro Software stock. XTX Topco Ltd acquired a new position in Smith Micro Software, Inc. (NASDAQ:SMSI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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. 20.80% of the stock is currently owned by hedge funds and other 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.