Colliers Securities Weighs in on SmartRent Q1 Earnings

SmartRent, Inc. (NYSE:SMRT) – Investment analysts at Colliers Securities issued their Q1 2025 earnings estimates for SmartRent in a research report issued to clients and investors on Monday, March 24th. Colliers Securities analyst B. Oxford expects that the company will post earnings per share of ($0.02) for the quarter. The consensus estimate for SmartRent’s current full-year earnings is ($0.14) per share. Colliers Securities also issued estimates for SmartRent’s FY2026 earnings at ($0.09) EPS.

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of SmartRent from $2.00 to $1.60 and set a “market perform” rating on the stock in a research report on Thursday, March 6th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $2.40.

SmartRent Trading Down 3.0 %

NYSE:SMRT opened at $1.13 on Thursday. The stock has a 50-day moving average price of $1.35 and a 200 day moving average price of $1.57. The stock has a market capitalization of $216.79 million, a P/E ratio of -8.65 and a beta of 1.92. SmartRent has a 12-month low of $1.07 and a 12-month high of $2.98.

SmartRent (NYSE:SMRT) last released its earnings results on Wednesday, March 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). SmartRent had a negative return on equity of 6.08% and a negative net margin of 12.77%. The firm had revenue of $35.37 million for the quarter, compared to the consensus estimate of $37.78 million. During the same quarter in the previous year, the business posted ($0.02) EPS. SmartRent’s revenue was down 41.3% on a year-over-year basis.

Insider Buying and Selling

In other SmartRent news, Director John C. Dorman acquired 125,000 shares of the company’s stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $1.20 per share, with a total value of $150,000.00. Following the purchase, the director now directly owns 229,965 shares of the company’s stock, valued at approximately $275,958. This represents a 119.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Shane Paladin bought 43,859 shares of SmartRent stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $1.14 per share, for a total transaction of $49,999.26. Following the completion of the acquisition, the chief executive officer now owns 43,859 shares in the company, valued at approximately $49,999.26. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Citigroup Inc. raised its position in SmartRent by 27.2% during the third 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 period. Clearline Capital LP raised its holdings in SmartRent by 788.5% during the 3rd quarter. Clearline Capital LP now owns 2,242,696 shares of the company’s stock valued at $3,880,000 after buying an additional 1,990,285 shares during the period. Royce & Associates LP raised its holdings in SmartRent by 64.2% during the 4th quarter. Royce & Associates LP now owns 1,283,325 shares of the company’s stock valued at $2,246,000 after buying an additional 501,890 shares during the period. Manatuck Hill Partners LLC bought a new stake in SmartRent in the fourth quarter worth $875,000. Finally, Millennium Management LLC boosted its stake in SmartRent by 82.4% during the fourth quarter. Millennium Management LLC now owns 908,769 shares of the company’s stock worth $1,590,000 after buying an additional 410,666 shares during the period. Institutional investors own 59.42% of the company’s stock.

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.