Smith Micro Software (NASDAQ:SMSI) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of Smith Micro Software (NASDAQ:SMSI) from a hold rating to a sell rating in a research report released on Saturday morning.

Separately, Benchmark reissued a “buy” rating and set a $5.00 target price on shares of Smith Micro Software in a research note on Thursday, November 14th.

Smith Micro Software Stock Performance

Shares of SMSI stock opened at $0.97 on Friday. Smith Micro Software has a fifty-two week low of $0.52 and a fifty-two week high of $7.52. The company has a market cap of $11.49 million, a PE ratio of -0.19 and a beta of 0.76. The stock’s fifty day moving average price is $0.84 and its two-hundred day moving average price is $1.30.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Smith Micro Software stock. XTX Topco Ltd bought a new position in Smith Micro Software, Inc. (NASDAQ:SMSI) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 25,867 shares of the software maker’s stock, valued at approximately $26,000. XTX Topco Ltd owned approximately 0.22% of Smith Micro Software as of its most recent SEC filing. Institutional investors and hedge funds own 20.80% of the company’s stock.

Smith Micro Software Company 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.