Cantor Fitzgerald Forecasts SmartRent FY2025 Earnings

SmartRent, Inc. (NYSE:SMRT) – Analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of SmartRent in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst B. Knoblauch anticipates that the company will post earnings per share of $0.02 for the year. The consensus estimate for SmartRent’s current full-year earnings is ($0.14) per share.

SmartRent (NYSE:SMRT) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). SmartRent had a negative net margin of 12.77% and a negative return on equity of 6.08%. The business had revenue of $40.50 million for the quarter, compared to the consensus estimate of $45.94 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. The firm’s revenue was down 30.3% on a year-over-year basis.

SmartRent Stock Up 2.3 %

SmartRent stock opened at $1.58 on Thursday. The firm has a fifty day simple moving average of $1.68 and a two-hundred day simple moving average of $1.76. SmartRent has a twelve month low of $1.17 and a twelve month high of $3.40. The company has a market capitalization of $303.30 million, a PE ratio of -12.12 and a beta of 1.92.

Hedge Funds Weigh In On SmartRent

A number of institutional investors have recently bought and sold shares of SMRT. Citigroup Inc. grew its holdings in shares of SmartRent by 27.2% during the 3rd quarter. Citigroup Inc. now owns 10,009,518 shares of the company’s stock worth $17,316,000 after acquiring an additional 2,138,797 shares during the period. Jane Street Group LLC grew its stake in SmartRent by 21.9% in the third quarter. Jane Street Group LLC now owns 310,672 shares of the company’s stock worth $537,000 after purchasing an additional 55,809 shares during the period. Long Pond Capital LP raised its holdings in SmartRent by 133.1% in the second quarter. Long Pond Capital LP now owns 9,316,093 shares of the company’s stock worth $22,265,000 after purchasing an additional 5,320,147 shares in the last quarter. Caprock Group LLC purchased a new position in SmartRent during the third quarter valued at $1,997,000. Finally, Barclays PLC grew its position in shares of SmartRent by 317.1% in the 3rd quarter. Barclays PLC now owns 292,017 shares of the company’s stock worth $504,000 after buying an additional 221,998 shares during the period. 59.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In other SmartRent news, Director Frank Martell bought 48,204 shares of SmartRent stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $1.45 per share, with a total value of $69,895.80. Following the completion of the purchase, the director now owns 248,204 shares of the company’s stock, valued at approximately $359,895.80. This represents a 24.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 9.00% of the stock is owned by insiders.

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.