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

Smith Micro Software (NASDAQ:SMSI) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Saturday.

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

Smith Micro Software Stock Up 2.0 %

Shares of Smith Micro Software stock opened at $0.97 on Friday. The business has a 50 day moving average of $0.84 and a 200 day moving average of $1.31. Smith Micro Software has a 52 week low of $0.52 and a 52 week high of $7.52. The company has a market cap of $11.49 million, a PE ratio of -0.19 and a beta of 0.76.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Smith Micro Software stock. XTX Topco Ltd purchased a new position in Smith Micro Software, Inc. (NASDAQ:SMSI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,867 shares of the software maker’s stock, valued at approximately $26,000. XTX Topco Ltd owned 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.