Smith Micro Software Inc. (NASDAQ: SMSI): Street Finally Waking Up

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    Russell Investment Management LLC recently announced the acquisition of new stake in Smith Micro Software Inc. (NASDAQ:SMSI). This fresh investment now brings its stake to 1.97% valued currently at $3.47 million. In addition, Goldman Sachs & Co. LLC (Private… raised its holdings by 0.68 million to 0.72 million shares. And Susquehanna Financial Group LLLP has lifted its position by 13.94% or 75064.0 shares – to 0.61 million shares.

    With over 0.63 million Smith Micro Software Inc. (SMSI) shares trading Monday and a closing price of $3.89 on the day, the dollar volume was approximately $2.43 million. The shares have shown a negative weekly performance of -15.07% and its price on 07/13/20 lost nearly -6.71%. Currently, there are 39.48M common shares owned by the public and among those 33.32M shares have been available to trade.

    Incidentally, analysts’ outlook for the Smith Micro Software Inc. stock is 2.00 for the next 12 months.

    Insiders at the company have transacted a total of 19 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 7 of these insider trades were purchases, accounting for 400,000 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 175,433 shares.

    The top 3 mutual fund holders in Smith Micro Software Inc. are Vanguard Total Stock Market Index, Russell US Small Cap Equity Fund, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market Index owns 1.78 million shares of the company’s stock, all valued at over $7.56 million. The company bought an additional 0.17 million shares recently to bring their total holdings to about 4.29% of the shares outstanding. Russell US Small Cap Equity Fund sold 45931.0 shares to see its total holdings shrink to 0.46 million shares valued at over $1.95 million and representing 1.11% of the shares outstanding. Vanguard Extended Market Index Fu now owns shares totaling to 0.85% of the shares outstanding.

    Shares of Smith Micro Software Inc. (NASDAQ: SMSI) opened at $4.19, up $0.02 from a prior closing price of $4.17. However, the script later closed the day at $3.89, down -6.71%. The company’s stock has a 5-day price change of -15.07% and -11.19% over the past three months. SMSI shares are trading -2.26% year to date (YTD), with the 12-month market performance up to 30.10% higher. It has a 12-month low price of $2.95 and touched a high of $7.15 over the same period. Currently, 0.63 million shares have been traded, compared to an average intraday trading volume of 738.94K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.96%, -13.00%, and -19.07% respectively.

    Institutional ownership of Smith Micro Software Inc. (NASDAQ: SMSI) shares accounts for 25.60% of the company’s 39.48M shares outstanding. Mutual fund holders own 15.66%, while other institutional holders and individual stakeholders account for 8.43% and 13.45% respectively.

    It has a market capitalization of $165.40M and a beta (3y monthly) value of 0.73. The stock’s trailing 12-month PE ratio is 12.12, while the earnings-per-share (ttm) stands at $0.32. The company has a PEG of 1.13 and a Quick Ratio of 3.60 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.72% over the week and 5.66% over the month.

    Analysts forecast that Smith Micro Software Inc. (SMSI) will achieve an EPS of $0.05 for the current quarter, $0.05 for the next quarter and $0.33 for 2021. The lowest estimate earnings-per-share for the quarter is $0.04 while analysts give the company a high EPS estimate of $0.06. Comparatively, EPS for the current quarter was $0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 303.50%, and 29.41% over the next financial year. EPS should shrink at an annualized rate of 10.75% over the next five years, compared to 17.60% over the past 5-year period.

    Looking at the support for the SMSI, a number of firms have released research notes about the stock. B. Riley FBR stated their Buy rating for the stock in a research note on July 19, 2019, with the firm’s price target at $5. Needham coverage for the Smith Micro Software Inc. (SMSI) stock in a research note released on October 19, 2015 offered a Hold rating with a price target of. Needham was of a view on February 25, 2015 that the stock is Buy, while H.C. Wainwright gave the stock Buy rating on January 07, 2015, issuing a price target of $2. H.C. Wainwright on their part issued Neutral rating on July 18, 2014.

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