Key Points
- CEO Frank Martell purchased 18,432 shares on Dec. 1 at $1.69, bringing his holdings to 1,166,636 shares — a 1.61% increase in ownership.
- Martell has been buying repeatedly from Sept–Dec, acquiring about 297,278 shares in total across those trades for roughly $447,213.
- SmartRent trades near $1.72 (52‑week range $0.67–$1.90) with a $324M market cap, remains unprofitable with negative margins/ROE, and carries a MarketBeat consensus rating of "Reduce" and a $1.45 target.
SmartRent, Inc. (NYSE:SMRT - Get Free Report) CEO Frank Martell purchased 18,432 shares of the stock in a transaction dated Monday, December 1st. The shares were bought at an average price of $1.69 per share, for a total transaction of $31,150.08. Following the completion of the acquisition, the chief executive officer owned 1,166,636 shares in the company, valued at $1,971,614.84. This represents a 1.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Frank Martell also recently made the following trade(s):
- On Tuesday, December 2nd, Frank Martell bought 28,846 shares of SmartRent stock. The stock was purchased at an average price of $1.69 per share, for a total transaction of $48,749.74.
- On Friday, November 21st, Frank Martell purchased 56,236 shares of SmartRent stock. The stock was purchased at an average cost of $1.44 per share, with a total value of $80,979.84.
- On Thursday, November 20th, Frank Martell bought 93,764 shares of SmartRent stock. The stock was acquired at an average price of $1.47 per share, with a total value of $137,833.08.
- On Monday, September 15th, Frank Martell purchased 50,000 shares of SmartRent stock. The shares were acquired at an average price of $1.53 per share, for a total transaction of $76,500.00.
- On Friday, September 12th, Frank Martell bought 50,000 shares of SmartRent stock. The shares were bought at an average price of $1.44 per share, for a total transaction of $72,000.00.
SmartRent Stock Performance
Shares of NYSE SMRT opened at $1.72 on Wednesday. SmartRent, Inc. has a 52 week low of $0.67 and a 52 week high of $1.90. The business's 50-day simple moving average is $1.48 and its 200-day simple moving average is $1.26. The firm has a market cap of $324.48 million, a price-to-earnings ratio of -4.76 and a beta of 1.82.
SmartRent (NYSE:SMRT - Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. SmartRent had a negative net margin of 45.45% and a negative return on equity of 15.10%. The firm had revenue of $36.20 million for the quarter, compared to the consensus estimate of $36.27 million. As a group, equities research analysts forecast that SmartRent, Inc. will post -0.14 earnings per share for the current year.
Hedge Funds Weigh In On SmartRent
A number of hedge funds and other institutional investors have recently made changes to their positions in SMRT. Citigroup Inc. boosted its position in shares of SmartRent by 33.3% during the 3rd quarter. Citigroup Inc. now owns 15,671,673 shares of the company's stock valued at $22,097,000 after acquiring an additional 3,915,817 shares in the last quarter. UBS Group AG raised its position in SmartRent by 28.8% in the third quarter. UBS Group AG now owns 10,448,199 shares of the company's stock worth $14,732,000 after purchasing an additional 2,335,454 shares in the last quarter. Millennium Management LLC lifted its stake in SmartRent by 24.7% during the third quarter. Millennium Management LLC now owns 3,646,341 shares of the company's stock worth $5,141,000 after purchasing an additional 721,846 shares during the period. Mak Capital One LLC acquired a new stake in SmartRent during the third quarter valued at approximately $4,038,000. Finally, Marshall Wace LLP grew its stake in shares of SmartRent by 230.4% in the 2nd quarter. Marshall Wace LLP now owns 2,657,531 shares of the company's stock valued at $2,631,000 after purchasing an additional 1,853,247 shares during the period. 59.42% of the stock is owned by institutional investors.
Analyst Ratings Changes
SMRT has been the subject of several research reports. Wall Street Zen raised SmartRent from a "sell" rating to a "hold" rating in a research report on Saturday, November 8th. Zacks Research raised shares of SmartRent from a "strong sell" rating to a "hold" rating in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of SmartRent in a research report on Monday. Finally, Keefe, Bruyette & Woods lifted their target price on SmartRent from $1.30 to $1.45 and gave the stock a "market perform" rating in a research report on Tuesday, August 12th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, SmartRent presently has a consensus rating of "Reduce" and a consensus target price of $1.45.
Check Out Our Latest Stock Analysis on SMRT
SmartRent Company Profile
(
Get Free Report)
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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