Zacks Investment Research lowered shares of Smith Micro Software (NASDAQ:SMSI) from a hold rating to a sell rating in a research note released on Saturday, Zacks.com reports.

According to Zacks, “Smith Micro Software, Inc. develops and sells communications software for personal and business use. The company’s objective is to enhance human interaction by giving users the ability to communicate through multimedia technologies over analog and digital platforms. Smith Micro’s products enable personal communication through telephony, fax, multimedia email, data, paging, video security and video conferencing. “

Several other equities analysts have also recently issued reports on the company. B. Riley dropped their price target on Smith Micro Software from $9.00 to $7.50 and set a buy rating on the stock in a research report on Monday, April 27th. ValuEngine cut Smith Micro Software from a hold rating to a sell rating in a research report on Friday, May 1st. Finally, TheStreet cut Smith Micro Software from a b- rating to a c+ rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Smith Micro Software has a consensus rating of Hold and a consensus price target of $6.75.

Shares of SMSI stock opened at $4.46 on Friday. The stock has a market capitalization of $183.08 million, a PE ratio of 13.52 and a beta of 0.71. Smith Micro Software has a 52-week low of $2.95 and a 52-week high of $7.15. The stock’s 50-day moving average price is $4.44 and its 200 day moving average price is $4.68. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 0.10.

Smith Micro Software (NASDAQ:SMSI) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The firm had revenue of $13.32 million for the quarter, compared to analysts’ expectations of $12.43 million. Smith Micro Software had a return on equity of 30.81% and a net margin of 26.37%. Analysts expect that Smith Micro Software will post 0.2 earnings per share for the current fiscal year.

In other news, CFO Timothy C. Huffmyer sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $4.92, for a total transaction of $78,720.00. Following the sale, the chief financial officer now owns 304,733 shares of the company’s stock, valued at approximately $1,499,286.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas G. Campbell sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $4.85, for a total value of $72,750.00. Following the sale, the director now directly owns 47,000 shares in the company, valued at approximately $227,950. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of Smith Micro Software during the 1st quarter worth approximately $3,443,000. Acadian Asset Management LLC boosted its stake in shares of Smith Micro Software by 94.9% during the 1st quarter. Acadian Asset Management LLC now owns 431,367 shares of the software maker’s stock worth $1,816,000 after acquiring an additional 210,077 shares in the last quarter. Cadence Capital Management LLC purchased a new stake in shares of Smith Micro Software during the 1st quarter worth approximately $1,362,000. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Smith Micro Software by 9.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 286,733 shares of the software maker’s stock worth $1,207,000 after acquiring an additional 25,233 shares in the last quarter. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of Smith Micro Software during the 1st quarter worth approximately $1,165,000. 21.71% of the stock is currently owned by institutional investors and hedge funds.

About Smith Micro Software

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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