Colliers Securities analyst Barry Oxford maintained a Buy rating on SmartRent (SMRT – Research Report) today and set a price target of $5.00. The company’s shares closed yesterday at $2.87.
According to TipRanks, Oxford is a 3-star analyst with an average return of 2.8% and a 55.34% success rate. Oxford covers the Financial sector, focusing on stocks such as Plymouth Industrial Reit, Postal Realty, and BRT Apartments.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for SmartRent with a $5.66 average price target.
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Based on SmartRent’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $42.41 million and a GAAP net loss of $25.59 million. In comparison, last year the company earned a revenue of $21.68 million and had a GAAP net loss of $10.05 million
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SMRT in relation to earlier this year.
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Fifth Wall Acquisition Corp I is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.
