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

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

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

Smith Micro Software Stock Down 0.3 %

Shares of SMSI stock opened at $0.80 on Wednesday. The firm has a market cap of $9.46 million, a price-to-earnings ratio of -0.15 and a beta of 0.76. Smith Micro Software has a 52-week low of $0.52 and a 52-week high of $7.52. The company’s 50 day moving average is $0.87 and its 200 day moving average is $1.36.

Institutional Trading of Smith Micro Software

A hedge fund recently bought a new stake in Smith Micro Software stock. XTX Topco Ltd bought a new stake in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 20.80% of the company’s stock.

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.