Key Points
- CEO Frank Martell bought 25,000 shares on Dec. 11 at $2.07 and has accumulated roughly 524,086 shares since mid‑September, bringing his total stake to 2,038,796 shares (a 1.24% increase), signaling notable insider buying.
- SMRT trades around $2.07 (52‑week range $0.67–$2.15) with a $390.7M market cap, but the company remains unprofitable and analysts have an average rating of "Reduce" with a $1.45 average price target, below current levels.
SmartRent, Inc. (NYSE:SMRT - Get Free Report) CEO Frank Martell purchased 25,000 shares of SmartRent stock in a transaction on Thursday, December 11th. The stock was bought at an average price of $2.07 per share, for a total transaction of $51,750.00. Following the completion of the acquisition, the chief executive officer owned 2,038,796 shares in the company, valued at $4,220,307.72. The trade was a 1.24% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Frank Martell also recently made the following trade(s):
- On Friday, December 5th, Frank Martell acquired 124,086 shares of SmartRent stock. The shares were purchased at an average price of $1.91 per share, with a total value of $237,004.26.
- On Thursday, December 4th, Frank Martell bought 100,000 shares of SmartRent stock. The stock was purchased at an average cost of $1.88 per share, for a total transaction of $188,000.00.
- On Wednesday, December 3rd, Frank Martell bought 27,722 shares of SmartRent stock. The stock was purchased at an average price of $1.86 per share, for a total transaction 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, with a total value of $48,749.74.
- On Monday, December 1st, Frank Martell acquired 18,432 shares of SmartRent stock. The stock was purchased at an average cost of $1.69 per share, for a total transaction of $31,150.08.
- On Friday, November 21st, Frank Martell acquired 56,236 shares of SmartRent stock. The shares were purchased at an average cost of $1.44 per share, for a total transaction of $80,979.84.
- On Thursday, November 20th, Frank Martell bought 93,764 shares of SmartRent stock. The stock was acquired at an average cost 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 stock was acquired at an average price of $1.53 per share, for a total transaction of $76,500.00.
SmartRent Stock Up 1.2%
SMRT stock opened at $2.07 on Friday. SmartRent, Inc. has a 52 week low of $0.67 and a 52 week high of $2.15. The company has a fifty day simple moving average of $1.56 and a two-hundred day simple moving average of $1.32. The firm has a market capitalization of $390.70 million, a P/E ratio of -5.74 and a beta of 1.82.
SmartRent (NYSE:SMRT - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.03. The firm had revenue of $36.20 million for the quarter, compared to the consensus estimate of $36.27 million. SmartRent had a negative net margin of 45.45% and a negative return on equity of 15.10%. As a group, analysts anticipate that SmartRent, Inc. will post -0.14 EPS for the current year.
Analysts Set New Price Targets
Several research firms have recently weighed in on SMRT. Zacks Research raised SmartRent from a "strong sell" rating to a "hold" rating in a research report on Wednesday, November 12th. Wall Street Zen upgraded shares of SmartRent from a "sell" rating to a "hold" rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of SmartRent in a report on Monday, December 1st. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $1.45.
Check Out Our Latest Analysis on SmartRent
Hedge Funds Weigh In On SmartRent
Hedge funds have recently bought and sold shares of the business. Steinberganna Wealth Management purchased a new stake in SmartRent in the third quarter worth $25,000. Kanen Wealth Management LLC purchased a new position in SmartRent in the 3rd quarter worth about $26,000. Vanguard Personalized Indexing Management LLC bought a new stake in SmartRent during the 2nd quarter valued at about $27,000. Pallas Capital Advisors LLC boosted its position in SmartRent by 128.5% in the 2nd quarter. Pallas Capital Advisors LLC now owns 30,788 shares of the company's stock valued at $30,000 after buying an additional 17,312 shares during the period. Finally, Jump Financial LLC bought a new position in SmartRent in the 2nd quarter worth about $42,000. Institutional investors 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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