Colliers Securities Lifts Earnings Estimates for SmartRent

Posted by Defense World Staff on Feb 6th, 2025

SmartRent, Inc. (NYSE:SMRT – Free Report) – Analysts at Colliers Securities raised their FY2024 earnings per share (EPS) estimates for shares of SmartRent in a research note issued to investors on Sunday, February 2nd. Colliers Securities analyst B. Oxford now anticipates that the company will post earnings of ($0.15) per share for the year, up from their prior forecast of ($0.17). The consensus estimate for SmartRent’s current full-year earnings is ($0.14) per share. Colliers Securities also issued estimates for SmartRent’s FY2025 earnings at ($0.17) EPS.

SmartRent Stock Performance

Shares of SMRT stock opened at $1.44 on Wednesday. SmartRent has a 1 year low of $1.17 and a 1 year high of $3.12. The stock has a fifty day moving average of $1.66 and a two-hundred day moving average of $1.70. The firm has a market capitalization of $276.34 million, a PE ratio of -11.04, a price-to-earnings-growth ratio of 3.67 and a beta of 1.90.

SmartRent (NYSE:SMRT – Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). SmartRent had a negative return on equity of 6.08% and a negative net margin of 12.77%. The firm had revenue of $40.50 million during the quarter, compared to the consensus estimate of $45.94 million. During the same quarter last year, the company posted ($0.04) EPS. SmartRent’s revenue for the quarter was down 30.3% on a year-over-year basis.

Institutional Trading of SmartRent

A number of large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in shares of SmartRent in the third quarter worth approximately $26,000. Wealth Enhancement Advisory Services LLC purchased a new position in SmartRent during the 3rd quarter worth approximately $30,000. Avior Wealth Management LLC acquired a new stake in SmartRent during the 4th quarter valued at $31,000. SteelPeak Wealth LLC purchased a new stake in shares of SmartRent in the fourth quarter valued at $34,000. Finally, Algert Global LLC acquired a new stake in shares of SmartRent in the second quarter worth $42,000. 59.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SmartRent

In other SmartRent news, Director Frank Martell acquired 50,000 shares of the stock in a transaction dated Friday, November 15th. The shares were bought at an average price of $1.49 per share, with a total value of $74,500.00. Following the purchase, the director now directly owns 200,000 shares of the company’s stock, valued at approximately $298,000. This trade represents a 33.33 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.00% of the stock is owned by corporate insiders.

SmartRent Company Profile

(Get Free Report)

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.