Shares of Smith Micro Software, Inc. (NASDAQ:SMSI) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus price objective of $5.00 for the company and are predicting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also given Smith Micro Software an industry rank of 110 out of 256 based on the ratings given to related companies.

SMSI has been the subject of a number of recent analyst reports. Chardan Capital initiated coverage on shares of Smith Micro Software in a research report on Sunday, April 7th. They issued a “buy” rating and a $5.00 price target for the company. ValuEngine raised shares of Smith Micro Software from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. TheStreet upgraded shares of Smith Micro Software from a “d” rating to a “c-” rating in a report on Friday, May 10th. Finally, Zacks Investment Research downgraded Smith Micro Software from a “buy” rating to a “sell” rating in a report on Wednesday, May 15th.

A number of large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its holdings in shares of 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 acquiring an additional 11,432 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Smith Micro Software in the 1st quarter valued at about $106,000. Acadian Asset Management LLC purchased a new stake in Smith Micro Software in the 4th quarter valued at about $108,000. BlackRock Inc. grew its position in shares of Smith Micro Software by 4.3% during the 4th quarter. BlackRock Inc. now owns 368,229 shares of the software maker’s stock valued at $663,000 after acquiring an additional 15,165 shares during the period. Finally, Vanguard Group Inc grew its position in shares of Smith Micro Software by 71.6% during the 3rd quarter. Vanguard Group Inc now owns 605,031 shares of the software maker’s stock valued at $1,525,000 after acquiring an additional 252,500 shares during the period. Institutional investors and hedge funds own 7.20% of the company’s stock.

SMSI traded up $0.21 during midday trading on Friday, reaching $3.30. 95,946 shares of the company’s stock were exchanged, compared to its average volume of 83,065. The stock has a market cap of $99.09 million, a price-to-earnings ratio of 44.14 and a beta of 0.39. Smith Micro Software has a one year low of $1.62 and a one year high of $3.48. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.07.

Smith Micro Software (NASDAQ:SMSI) last released its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The company had revenue of $8.43 million during the quarter, compared to the consensus estimate of $7.80 million. Smith Micro Software had a negative net margin of 1.06% and a positive return on equity of 16.96%. Equities research analysts expect that Smith Micro Software will post 0.06 EPS 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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