Shares of SmartRent, Inc. (NYSE:SMRT – Get Free Report) have been assigned an average rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $3.89.
Several equities analysts recently commented on SMRT shares. Colliers Securities cut shares of SmartRent from a “buy” rating to a “neutral” rating in a research note on Wednesday. DA Davidson cut shares of SmartRent from a “buy” rating to a “neutral” rating and cut their target price for the company from $3.25 to $2.00 in a research note on Wednesday. Finally, BTIG Research cut their target price on shares of SmartRent from $4.30 to $4.00 and set a “buy” rating for the company in a research note on Monday, June 3rd.
Check Out Our Latest Stock Analysis on SMRT
Hedge Funds Weigh In On SmartRent
SmartRent Stock Performance
Shares of SMRT opened at $1.93 on Wednesday. The company’s 50 day moving average price is $2.39 and its 200 day moving average price is $2.61. SmartRent has a 52 week low of $1.80 and a 52 week high of $4.01. The company has a market capitalization of $389.53 million, a PE ratio of -12.87 and a beta of 1.98.
SmartRent (NYSE:SMRT – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). SmartRent had a negative net margin of 13.08% and a negative return on equity of 7.28%. The firm had revenue of $50.49 million for the quarter, compared to the consensus estimate of $51.43 million. On average, equities analysts forecast that SmartRent will post -0.06 earnings per share for the current fiscal year.
About SmartRent
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.
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