Smith Micro Software (NASDAQ:SMSI) Rating Lowered to Sell at StockNews.com

Smith Micro Software (NASDAQ:SMSI) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Saturday.

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

Smith Micro Software Price Performance

Shares of SMSI opened at $0.97 on Friday. The firm has a 50 day simple moving average of $0.84 and a two-hundred day simple moving average of $1.29. The company has a market cap of $11.49 million, a P/E ratio of -0.19 and a beta of 0.76. Smith Micro Software has a one year low of $0.52 and a one year high of $7.52.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Smith Micro Software stock. XTX Topco Ltd purchased 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 purchased 25,867 shares of the software maker’s stock, valued at approximately $26,000. XTX Topco Ltd owned 0.22% of Smith Micro Software as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 20.80% of the company’s stock.

About Smith Micro Software

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.