Key Points
- CEO Frank Martell bought 124,086 shares on Dec. 5 at an average price of $1.91 for $237,004.26, increasing his direct ownership to 1,447,290 shares (a 9.38% ownership rise).
- Martell completed multiple insider purchases from September through December totaling 549,086 shares across nine transactions — roughly $924,000 of stock — signaling substantial insider accumulation.
- SmartRent trades near $1.96 (12‑month range $0.67–$2.14) and has a consensus "Reduce" rating with an average target of $1.45, while the company reports negative EPS and profit margins.
SmartRent, Inc. (NYSE:SMRT - Get Free Report) CEO Frank Martell purchased 124,086 shares of the firm's stock in a transaction that occurred on Friday, December 5th. The stock was bought at an average price of $1.91 per share, with a total value of $237,004.26. Following the transaction, the chief executive officer directly owned 1,447,290 shares in the company, valued at $2,764,323.90. This trade represents a 9.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Frank Martell also recently made the following trade(s):
- On Thursday, December 4th, Frank Martell acquired 100,000 shares of SmartRent stock. The shares were bought at an average price of $1.88 per share, for a total transaction of $188,000.00.
- On Wednesday, December 3rd, Frank Martell acquired 27,722 shares of SmartRent stock. The shares were purchased at an average cost of $1.86 per share, with a total value of $51,562.92.
- On Tuesday, December 2nd, Frank Martell purchased 28,846 shares of SmartRent stock. The shares were purchased at an average price of $1.69 per share, for a total transaction of $48,749.74.
- On Monday, December 1st, Frank Martell purchased 18,432 shares of SmartRent stock. The stock was purchased at an average price of $1.69 per share, with a total value of $31,150.08.
- On Friday, November 21st, Frank Martell acquired 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 acquired 93,764 shares of SmartRent stock. The shares were purchased at an average price of $1.47 per share, for a total transaction of $137,833.08.
- On Monday, September 15th, Frank Martell bought 50,000 shares of SmartRent stock. The shares were purchased at an average cost 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 stock was acquired at an average price of $1.44 per share, with a total value of $72,000.00.
SmartRent Stock Up 4.5%
Shares of SmartRent stock opened at $1.96 on Friday. SmartRent, Inc. has a 12 month low of $0.67 and a 12 month high of $2.14. The stock has a market cap of $371.59 million, a PE ratio of -5.46 and a beta of 1.82. The business has a fifty day simple moving average of $1.50 and a 200-day simple moving average of $1.27.
SmartRent (NYSE:SMRT - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. SmartRent had a negative return on equity of 15.10% and a negative net margin of 45.45%.The firm had revenue of $36.20 million during the quarter, compared to the consensus estimate of $36.27 million. Analysts expect that SmartRent, Inc. will post -0.14 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently commented on the stock. Weiss Ratings restated a "sell (e+)" rating on shares of SmartRent in a report on Monday. Zacks Research raised shares of SmartRent from a "strong sell" rating to a "hold" rating in a research note on Wednesday, November 12th. Wall Street Zen raised shares of SmartRent from a "sell" rating to a "hold" rating in a research note on Saturday, November 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on SmartRent from $1.30 to $1.45 and gave the company a "market perform" rating in a research report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $1.45.
Read Our Latest Stock Report on SmartRent
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. lifted its stake in shares of SmartRent by 242.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,160,066 shares of the company's stock valued at $3,046,000 after purchasing an additional 1,529,677 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in SmartRent by 176.1% during the third quarter. Qube Research & Technologies Ltd now owns 119,240 shares of the company's stock valued at $168,000 after buying an additional 76,046 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in SmartRent by 23.7% during the third quarter. Public Employees Retirement System of Ohio now owns 177,733 shares of the company's stock valued at $251,000 after buying an additional 34,053 shares in the last quarter. Northern Right Capital Management L.P. acquired a new stake in shares of SmartRent in the third quarter worth about $3,739,000. Finally, Mak Capital One LLC bought a new stake in shares of SmartRent during the 3rd quarter worth about $4,038,000. Institutional investors and hedge funds own 59.42% of the company's stock.
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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