Brighton Jones LLC Purchases Shares of 67,230 SmartRent, Inc. (NYSE:SMRT)

Brighton Jones LLC purchased a new stake in SmartRent, Inc. (NYSE:SMRT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 67,230 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds have also recently bought and sold shares of the stock. First Eagle Investment Management LLC lifted its position in shares of SmartRent by 60.9% in the third quarter. First Eagle Investment Management LLC now owns 600,231 shares of the company’s stock valued at $1,567,000 after buying an additional 227,233 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of SmartRent by 4.8% in the third quarter. Vanguard Group Inc. now owns 19,143,749 shares of the company’s stock valued at $49,965,000 after buying an additional 879,518 shares during the last quarter. Simon Quick Advisors LLC lifted its position in shares of SmartRent by 36.2% in the fourth quarter. Simon Quick Advisors LLC now owns 25,326 shares of the company’s stock valued at $81,000 after buying an additional 6,738 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of SmartRent in the third quarter valued at approximately $42,000. Finally, Land & Buildings Investment Management LLC lifted its position in shares of SmartRent by 9.6% in the third quarter. Land & Buildings Investment Management LLC now owns 3,500,719 shares of the company’s stock valued at $9,137,000 after buying an additional 305,510 shares during the last quarter. 59.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SMRT shares. BTIG Research started coverage on SmartRent in a research report on Friday, January 19th. They issued a “buy” rating and a $4.50 price objective for the company. Keefe, Bruyette & Woods dropped their price target on SmartRent from $4.50 to $4.00 and set an “outperform” rating for the company in a report on Wednesday, March 6th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of SmartRent in a report on Friday, January 12th.

SmartRent Stock Up 0.6 %

Shares of NYSE SMRT opened at $2.46 on Friday. The business has a fifty day moving average price of $2.61 and a two-hundred day moving average price of $2.85. SmartRent, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $4.12.

SmartRent (NYSE:SMRT) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $60.25 million during the quarter, compared to analyst estimates of $57.88 million. SmartRent had a negative net margin of 14.60% and a negative return on equity of 9.97%. SmartRent’s revenue was up 48.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.09) earnings per share. As a group, equities analysts anticipate that SmartRent, Inc. will post -0.03 EPS for the current fiscal year.

SmartRent Profile

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.