Smith Micro Software (NASDAQ:SMSI) Stock Rating Upgraded by StockNews.com

Smith Micro Software (NASDAQ:SMSI) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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

Smith Micro Software Stock Down 2.4 %

Shares of SMSI opened at $0.76 on Wednesday. The firm has a fifty day simple moving average of $0.91 and a two-hundred day simple moving average of $1.54. Smith Micro Software has a twelve month low of $0.52 and a twelve month high of $7.52. The stock has a market capitalization of $9.02 million, a P/E 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. Virtu Financial LLC acquired a new position in Smith Micro Software, Inc. (NASDAQ:SMSI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 37,961 shares of the software maker’s stock, valued at approximately $39,000. Virtu Financial LLC owned about 0.32% of Smith Micro Software at the end of the most recent reporting period. 20.80% of the stock is owned by institutional investors and hedge funds.

Smith Micro Software Company Profile

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.