Analysts Issue Forecasts for SmartRent Q1 Earnings

SmartRent, Inc. (NYSE:SMRT) – Research analysts at Colliers Securities issued their Q1 2025 earnings estimates for shares of SmartRent in a research note issued to investors on Monday, March 24th. Colliers Securities analyst B. Oxford expects that the company will earn ($0.02) per share for the quarter. The consensus estimate for SmartRent’s current full-year earnings is ($0.14) per share. Colliers Securities also issued estimates for SmartRent’s FY2026 earnings at ($0.09) EPS.

SmartRent (NYSE:SMRT) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). SmartRent had a negative return on equity of 6.08% and a negative net margin of 12.77%. The company had revenue of $35.37 million for the quarter, compared to analysts’ expectations of $37.78 million. During the same quarter last year, the company earned ($0.02) EPS. SmartRent’s revenue for the quarter was down 41.3% compared to the same quarter last year.

Separately, Keefe, Bruyette & Woods dropped their price target on shares of SmartRent from $2.00 to $1.60 and set a “market perform” rating on the stock in a research note on Thursday, March 6th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $2.40.

SmartRent Stock Performance

Shares of SmartRent stock opened at $1.16 on Thursday. SmartRent has a one year low of $1.07 and a one year high of $2.98. The company has a market cap of $222.57 million, a P/E ratio of -8.88 and a beta of 1.92. The firm has a fifty day moving average of $1.36 and a two-hundred day moving average of $1.57.

Insiders Place Their Bets

In other SmartRent news, CEO Michael Shane Paladin bought 43,859 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $1.14 per share, for a total transaction of $49,999.26. Following the acquisition, the chief executive officer now owns 43,859 shares of the company’s stock, valued at $49,999.26. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John C. Dorman acquired 125,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $1.20 per share, with a total value of $150,000.00. Following the completion of the transaction, the director now directly owns 229,965 shares in the company, valued at approximately $275,958. The trade was a 119.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.00% of the stock is currently owned by company insiders.

Institutional Trading of SmartRent

A number of large investors have recently made changes to their positions in SMRT. Price T Rowe Associates Inc. MD boosted its stake in shares of SmartRent by 15.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 71,641 shares of the company’s stock worth $126,000 after purchasing an additional 9,827 shares during the last quarter. MetLife Investment Management LLC boosted its position in SmartRent by 20.6% during the fourth quarter. MetLife Investment Management LLC now owns 87,149 shares of the company’s stock worth $153,000 after acquiring an additional 14,879 shares during the last quarter. Virtu Financial LLC purchased a new stake in SmartRent in the 3rd quarter worth approximately $26,000. Dynamic Technology Lab Private Ltd acquired a new position in SmartRent in the 4th quarter valued at $27,000. Finally, State Street Corp lifted its stake in shares of SmartRent by 0.4% during the 3rd quarter. State Street Corp now owns 4,206,322 shares of the company’s stock worth $7,277,000 after purchasing an additional 15,642 shares during the period. Institutional investors and hedge funds own 59.42% of the company’s stock.

About SmartRent

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.