Smith Micro Software (NASDAQ:SMSI) Upgraded at StockNews.com

Smith Micro Software (NASDAQ:SMSI) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Separately, Benchmark reissued a “buy” rating and set a $5.00 target price on shares of Smith Micro Software in a report on Thursday, November 14th.

Smith Micro Software Stock Performance

Shares of NASDAQ:SMSI opened at $0.75 on Wednesday. The company has a 50-day simple moving average of $0.90 and a 200 day simple moving average of $1.56. The company has a market capitalization of $8.89 million, a P/E ratio of -0.14 and a beta of 0.73. Smith Micro Software has a 52-week low of $0.52 and a 52-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 stake in Smith Micro Software, Inc. (NASDAQ:SMSI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,867 shares of the software maker’s stock, valued at approximately $26,000. XTX Topco Ltd owned about 0.22% of Smith Micro Software at the end of the most recent quarter. 20.80% of the stock is owned by institutional investors.

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.