1 week Ago By Defense World Staff
Norges Bank purchased a new position in SmartRent, Inc. ( NYSE:SMRT – Free Report ) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $438,000.
Norges Bank owned 0.13% of SmartRent at the end of the most recent quarter. A number of other institutional investors also recently bought and sold shares of the business.
Virtu Financial LLC purchased a new position in shares of SmartRent during the 3rd quarter valued at about $26,000. Avior Wealth Management LLC acquired a new stake in SmartRent during the fourth quarter worth about $31,000. Cibc World Markets Corp purchased a new position in SmartRent during the fourth quarter valued at approximately $31,000.
SteelPeak Wealth LLC acquired a new position in SmartRent in the fourth quarter valued at approximately $34,000. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in SmartRent in the 4th quarter worth approximately $49,000. 59.
42% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes Separately, Keefe, Bruyette & Woods cut their target price on shares of SmartRent from $2.00 to $1.
60 and set a “market perform” rating for the company in a report on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $2.
40. Insiders Place Their Bets In related news, Director John C. Dorman bought 125,000 shares of the business’s stock in a transaction dated Monday, March 10th.
The stock was acquired at an average price of $1.20 per share, with a total value of $150,000.00.
Following the completion of the purchase, the director now directly owns 229,965 shares of the company’s stock, valued at approximately $275,958. This trade represents a 119.09 % increase in their ownership of the stock.
The purchase was disclosed in a document filed with the SEC, which is available through the SEC website . Also, CEO Michael Shane Paladin purchased 43,859 shares of SmartRent stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $1.
14 per share, with a total value of $49,999.26. Following the transaction, the chief executive officer now owns 43,859 shares in the company, valued at approximately $49,999.
26. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here .
9.00% of the stock is currently owned by company insiders. SmartRent Stock Down 6.
9 % Shares of SmartRent stock opened at $0.75 on Friday. The firm has a market cap of $144.
98 million, a PE ratio of -5.79 and a beta of 1.83.
The business has a 50-day moving average price of $1.24 and a 200 day moving average price of $1.51.
SmartRent, Inc. has a twelve month low of $0.67 and a twelve month high of $2.
98. SmartRent ( NYSE:SMRT – Get Free Report ) last posted its quarterly earnings data on Wednesday, March 5th. The company reported ($0.
06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04).
SmartRent had a negative net margin of 12.77% and a negative return on equity of 6.08%.
The business had revenue of $35.37 million during the quarter, compared to analysts’ expectations of $37.78 million.
During the same quarter last year, the firm earned ($0.02) earnings per share. The firm’s quarterly revenue was down 41.
3% compared to the same quarter last year. On average, sell-side analysts expect that SmartRent, Inc. will post -0.
14 EPS for the current year. SmartRent Company Profile ( 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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