SmartRent, Inc. (NYSE:SMRT – Get Rating) has been given a consensus recommendation of "Moderate Buy" by the nine brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is 6.66.
A number of equities research analysts have recently issued reports on the stock. DA Davidson dropped their target price on shares of SmartRent to $5.25 in a report on Wednesday, November 16th. Morgan Stanley upped their target price on shares of SmartRent from $2.80 to $2.90 and gave the stock an "equal weight" rating in a report on Friday, November 11th. Cantor Fitzgerald dropped their target price on shares of SmartRent from $6.00 to $5.25 in a report on Friday, August 12th. Imperial Capital assumed coverage on shares of SmartRent in a report on Tuesday, August 16th. They set an "outperform" rating and a $6.00 target price for the company. Finally, The Goldman Sachs Group dropped their target price on shares of SmartRent to $6.00 in a report on Monday, August 15th.
Get SmartRent alerts:Institutional Investors Weigh In On SmartRent
Hedge funds have recently modified their holdings of the company. American Assets Investment Management LLC acquired a new position in SmartRent in the first quarter valued at about $88,000. American Assets Capital Advisers LLC acquired a new position in SmartRent in the first quarter valued at about $657,000. Scotia Capital Inc. acquired a new position in SmartRent in the first quarter valued at about $63,000. Phoenix Holdings Ltd. acquired a new position in SmartRent in the first quarter valued at about $59,000. Finally, Fox Run Management L.L.C. acquired a new position in SmartRent in the first quarter valued at about $55,000. Hedge funds and other institutional investors own 72.74% of the company's stock.
SmartRent Stock Performance
NYSE:SMRT opened at 2.49 on Wednesday. The company has a fifty day moving average of 2.55 and a two-hundred day moving average of 3.84. The stock has a market capitalization of $493.89 million, a PE ratio of -4.88 and a beta of 2.03. SmartRent has a fifty-two week low of 2.19 and a fifty-two week high of 11.94.About SmartRent
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SmartRent, Inc, an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. The company's products and solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi.
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