Smith Micro Software (NASDAQ:SMSI) raised to hold on StockNews.com

StockNews.com upgraded shares from Smith Micro Software (NASDAQ:SMSI – Free Report) from a sell rating to a hold rating in a report issued Wednesday morning.

Additionally, Benchmark reiterated a “buy” rating and issued a $5.00 price target on shares of Smith Micro Software in a research note on Thursday, November 14th.

Check out our latest analysis on Smith Micro Software

Smith Micro Software Stock Performance

SMSI stock opened at $0.76 on Wednesday. The company’s fifty day moving average price is $0.91 and its 200 day moving average price is $1.53. Smith Micro Software has a 12-month low of $0.52 and a 12-month high of $7.52. The company has a market cap of $9.04 million, a price-to-earnings ratio of -0.15 and a beta of 0.73.

Hedge funds weigh heavily on Smith Micro Software

A hedge fund recently bought a new stake in Smith Micro Software stock. XTX Topco Ltd purchased a new stake in Smith Micro Software, Inc. in the third quarter. (NASDAQ:SMSI – Free Report), the company said in its most recent notice to the Securities & Exchange Commission. The company bought 25,867 shares of the software maker, worth about $26,000. XTX Topco Ltd owned approximately 0.22% of Smith Micro Software at the time of its most recent SEC filing. Institutional investors own 20.80% of the company’s shares.

Smith Micro Software Company Profile

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Smith Micro Software, Inc develops and sells software to enhance the mobile experience for 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 suites, which provide tools to protect the digital lifestyle and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile services deliver a next-generation voicemail experience to mobile subscribers and enables multilingual voice-to-text (VTT) transcription messages.

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