Smith Micro Software (NASDAQ:SMSI) Receives “Buy” Rating from Benchmark

Benchmark reiterated their buy rating on shares of Smith Micro Software (NASDAQ:SMSI) in a research report released on Thursday morning,Benzinga reports. The firm currently has a $5.00 target price on the software maker’s stock.

Separately, StockNews.com downgraded shares of Smith Micro Software from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th.

Smith Micro Software Stock Performance

Shares of NASDAQ:SMSI opened at $0.81 on Thursday. The company has a market capitalization of $9.61 million, a P/E ratio of -0.16 and a beta of 0.73. The company’s 50-day moving average is $0.89 and its 200 day moving average is $1.58. Smith Micro Software has a fifty-two week low of $0.52 and a fifty-two week high of $7.52.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Smith Micro Software stock. XTX Topco Ltd bought a new position in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 25,867 shares of the software maker’s stock, valued at approximately $26,000. XTX Topco Ltd owned 0.22% of Smith Micro Software as of its most recent SEC filing. Institutional investors own 20.80% of the company’s stock.

About Smith Micro Software

Smith Micro Software, Inc engages in the development and sale of software to enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa. The company offers SafePath Family, SafePath IoT, SafePath Home, and SafePath Premium product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service provides deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language voice-to-text (VTT) transcription messaging.