Smith Micro Software, Inc. (NASDAQ:SMSI) has received a consensus rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $4.44.

Several analysts have recently issued reports on SMSI shares. TheStreet raised shares of Smith Micro Software from a “d” rating to a “c-” rating in a research report on Friday, May 10th. ValuEngine cut shares of Smith Micro Software from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 2nd. Chardan Capital reaffirmed a “buy” rating and set a $5.00 price objective on shares of Smith Micro Software in a research note on Tuesday, July 23rd. B. Riley initiated coverage on shares of Smith Micro Software in a research note on Friday, July 19th. They set a “buy” rating and a $5.00 price objective for the company. Finally, Zacks Investment Research raised shares of Smith Micro Software from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a research note on Saturday, July 27th.

In related news, CFO Timothy C. Huffmyer sold 42,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $5.48, for a total transaction of $230,160.00. Following the completion of the transaction, the chief financial officer now owns 239,343 shares of the company’s stock, valued at $1,311,599.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas G. Campbell sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $6.19, for a total transaction of $123,800.00. Following the transaction, the director now directly owns 37,000 shares of the company’s stock, valued at approximately $229,030. The disclosure for this sale can be found here. 24.79% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in SMSI. Northern Trust Corp grew its stake in Smith Micro Software by 54.4% in the 4th quarter. Northern Trust Corp now owns 32,448 shares of the software maker’s stock worth $58,000 after buying an additional 11,432 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Smith Micro Software in the 1st quarter worth approximately $106,000. Acadian Asset Management LLC grew its stake in Smith Micro Software by 75.8% in the 1st quarter. Acadian Asset Management LLC now owns 105,713 shares of the software maker’s stock worth $296,000 after buying an additional 45,590 shares in the last quarter. BlackRock Inc. grew its stake in Smith Micro Software by 4.3% in the 4th quarter. BlackRock Inc. now owns 368,229 shares of the software maker’s stock worth $663,000 after buying an additional 15,165 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Smith Micro Software by 26.2% in the 2nd quarter. Vanguard Group Inc. now owns 933,710 shares of the software maker’s stock worth $2,839,000 after buying an additional 194,019 shares in the last quarter. 6.34% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ SMSI traded up $0.18 during midday trading on Tuesday, hitting $6.41. The company’s stock had a trading volume of 613,910 shares, compared to its average volume of 449,246. The stock has a fifty day moving average price of $4.62 and a 200 day moving average price of $3.17. Smith Micro Software has a one year low of $1.62 and a one year high of $6.84. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $235.38 million, a price-to-earnings ratio of -45.79 and a beta of 0.41.

Smith Micro Software (NASDAQ:SMSI) last posted its quarterly earnings results on Thursday, July 25th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.09. Smith Micro Software had a net margin of 15.99% and a return on equity of 26.71%. The company had revenue of $10.85 million for the quarter, compared to analyst estimates of $8.65 million. On average, equities research analysts predict that Smith Micro Software will post 0.23 earnings per share for the current fiscal year.

Smith Micro Software Company Profile

Smith Micro Software, Inc develops and sells software to simplify and enhance the mobile experience to wireless service providers, device manufacturers, and enterprise businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Wireless and Graphics.

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