SmartRent, Inc. (NYSE:SMRT) Stock Holdings Lifted by Barclays PLC

Barclays PLC lifted its holdings in SmartRent, Inc. (NYSE:SMRT) by 317.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 292,017 shares of the company’s stock after buying an additional 221,998 shares during the period. Barclays PLC’s holdings in SmartRent were worth $504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Citigroup Inc. lifted its stake in shares of SmartRent by 27.2% in the 3rd quarter. Citigroup Inc. now owns 10,009,518 shares of the company’s stock valued at $17,316,000 after purchasing an additional 2,138,797 shares during the last quarter. Long Pond Capital LP lifted its position in SmartRent by 133.1% in the second quarter. Long Pond Capital LP now owns 9,316,093 shares of the company’s stock worth $22,265,000 after purchasing an additional 5,320,147 shares during the period. Land & Buildings Investment Management LLC lifted its stake in SmartRent by 82.0% during the second quarter. Land & Buildings Investment Management LLC now owns 5,658,366 shares of the company’s stock worth $13,523,000 after purchasing an additional 2,549,856 shares during the period. Old West Investment Management LLC grew its holdings in shares of SmartRent by 4.9% in the 2nd quarter. Old West Investment Management LLC now owns 4,676,165 shares of the company’s stock worth $11,176,000 after purchasing an additional 220,536 shares during the last quarter. Finally, State Street Corp raised its position in SmartRent by 0.4% in the 3rd quarter. State Street Corp now owns 4,206,322 shares of the company’s stock valued at $7,277,000 after purchasing an additional 15,642 shares during the last quarter. Hedge funds and other institutional investors own 59.42% of the company’s stock.

SmartRent Price Performance

Shares of SMRT stock opened at $1.75 on Friday. The stock has a 50-day moving average price of $1.68 and a 200 day moving average price of $1.83. SmartRent, Inc. has a 12 month low of $1.17 and a 12 month high of $3.47. The firm has a market cap of $337.00 million, a price-to-earnings ratio of -13.46 and a beta of 1.96.

SmartRent (NYSE:SMRT) last posted its earnings results on Wednesday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $40.50 million for the quarter, compared to the consensus estimate of $45.94 million. SmartRent had a negative return on equity of 6.08% and a negative net margin of 12.77%. SmartRent’s revenue for the quarter was down 30.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) earnings per share. Sell-side analysts predict that SmartRent, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Transactions at SmartRent

In other news, Director Frank Martell purchased 48,204 shares of SmartRent stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $1.45 per share, for a total transaction of $69,895.80. Following the purchase, the director now directly owns 248,204 shares of the company’s stock, valued at $359,895.80. This trade represents a 24.10 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.00% of the stock is owned by company insiders.

SmartRent Company 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.