Smith Micro Software (NASDAQ:SMSI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Smith Micro Software (NASDAQ:SMSI) from a sell rating to a hold rating in a report issued on Wednesday.

Separately, Benchmark reaffirmed a “buy” rating and issued a $5.00 price target on shares of Smith Micro Software in a report on Thursday, November 14th.

Smith Micro Software Stock Performance

NASDAQ:SMSI opened at $0.76 on Wednesday. Smith Micro Software has a 1 year low of $0.52 and a 1 year high of $7.52. The stock has a market cap of $9.04 million, a P/E ratio of -0.15 and a beta of 0.73. The stock has a 50-day simple moving average of $0.91 and a 200-day simple moving average of $1.53.

Institutional Investors Weigh In On Smith Micro Software

A hedge fund recently bought a new stake in Smith Micro Software stock. Virtu Financial LLC bought a new position in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 filing with the Securities and Exchange Commission (SEC). 20.80% of the stock is owned by hedge funds and other institutional investors.

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.