Key Points
- CEO William Smith, Jr. sold 36,597 shares on Dec. 11 at an average of $0.58 for proceeds of ~$21,226, leaving him with 5,517,674 shares — a 0.66% reduction in his position.
- The stock traded at $0.61 (down ~1%) on very light volume (3,880 shares vs. a ~316,029 average), with a market cap of about $13.1M and a 12‑month range of $0.57–$1.95, underscoring its micro‑cap, low‑liquidity profile.
- Company fundamentals and sentiment are weak: Smith Micro reported ($0.12) EPS with a revenue miss, negative margins and ROE, analysts forecast -1.83 EPS for the year, and ratings average to a "Sell", although Susquehanna modestly increased its stake in Q3.
Smith Micro Software, Inc. (NASDAQ:SMSI - Get Free Report) CEO William Smith, Jr. sold 36,597 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $0.58, for a total value of $21,226.26. Following the completion of the transaction, the chief executive officer directly owned 5,517,674 shares in the company, valued at approximately $3,200,250.92. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Smith Micro Software Stock Down 1.0%
Shares of Smith Micro Software stock traded down $0.01 during trading on Friday, reaching $0.61. 3,880 shares of the company were exchanged, compared to its average volume of 316,029. The business has a 50-day moving average price of $0.67 and a 200-day moving average price of $0.76. The firm has a market capitalization of $13.06 million, a price-to-earnings ratio of -0.39 and a beta of 0.61. Smith Micro Software, Inc. has a twelve month low of $0.57 and a twelve month high of $1.95.
Smith Micro Software (NASDAQ:SMSI - Get Free Report) last released its earnings results on Wednesday, November 5th. The software maker reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). Smith Micro Software had a negative return on equity of 44.44% and a negative net margin of 158.88%.The firm had revenue of $4.35 million for the quarter, compared to analyst estimates of $4.75 million. On average, equities research analysts forecast that Smith Micro Software, Inc. will post -1.83 EPS for the current fiscal year.
Hedge Funds Weigh In On Smith Micro Software
A hedge fund recently raised its stake in Smith Micro Software stock. Susquehanna International Group LLP raised its holdings in shares of Smith Micro Software, Inc. (NASDAQ:SMSI - Free Report) by 109.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,780 shares of the software maker's stock after acquiring an additional 22,335 shares during the quarter. Susquehanna International Group LLP owned approximately 0.20% of Smith Micro Software worth $31,000 at the end of the most recent reporting period. 20.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Smith Micro Software in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of "Sell".
View Our Latest Stock Report on Smith Micro Software
About Smith Micro Software
(
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Smith Micro Software, Inc engages in the development and sale of software to enhance the mobile experience to 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 suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service provides deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language voice-to-text (VTT) transcription messaging.
Further Reading
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