Virtu Financial LLC acquired a new position in Smith Micro Software, Inc. (NASDAQ:SMSI – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 37,961 shares of the software maker’s stock, valued at approximately $39,000. Virtu Financial LLC owned approximately 0.32% of Smith Micro Software as of its most recent SEC filing.
Separately, XTX Topco Ltd acquired a new stake in shares of Smith Micro Software in the third quarter valued at approximately $26,000. Institutional investors own 20.80% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. StockNews.com downgraded Smith Micro Software from a “hold” rating to a “sell” rating in a research report on Saturday. Benchmark reissued a “buy” rating and set a $5.00 target price on shares of Smith Micro Software in a report on Thursday, November 14th.
Smith Micro Software Stock Up 2.0 %
SMSI stock opened at $0.97 on Friday. The company’s 50-day moving average price is $0.84 and its two-hundred day moving average price is $1.31. The firm has a market cap of $11.49 million, a P/E ratio of -0.19 and a beta of 0.76. Smith Micro Software, Inc. has a 12 month low of $0.52 and a 12 month high of $7.52.
Smith Micro Software Profile
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.
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