Colliers Securities Forecasts SmartRent Q2 Earnings

SmartRent, Inc. (NYSE:SMRT - Free Report) - Investment analysts at Colliers Securities issued their Q2 2025 EPS estimates for SmartRent in a research note issued to investors on Tuesday, May 20th. Colliers Securities analyst B. Oxford expects that the company will post earnings per share of ($0.04) for the quarter. The consensus estimate for SmartRent's current full-year earnings is ($0.14) per share.

SmartRent (NYSE:SMRT - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $41.34 million during the quarter, compared to analysts' expectations of $40.10 million. SmartRent had a negative return on equity of 6.08% and a negative net margin of 12.77%.

SMRT has been the topic of several other research reports. Keefe, Bruyette & Woods dropped their target price on shares of SmartRent from $1.60 to $1.30 and set a "market perform" rating on the stock in a report on Thursday, May 8th. Cantor Fitzgerald upgraded shares of SmartRent to a "hold" rating in a report on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $2.33.

SmartRent Stock Down 2.9%

SmartRent stock traded down $0.02 during trading hours on Thursday, hitting $0.79. The stock had a trading volume of 1,638,104 shares, compared to its average volume of 1,568,484. The stock's 50-day moving average price is $0.95 and its 200-day moving average price is $1.34. SmartRent has a 12-month low of $0.67 and a 12-month high of $2.61. The stock has a market capitalization of $148.77 million, a P/E ratio of -6.08 and a beta of 1.86.

Institutional Trading of SmartRent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new stake in SmartRent during the fourth quarter valued at approximately $27,000. Cibc World Markets Corp bought a new position in shares of SmartRent in the fourth quarter worth approximately $31,000. Avior Wealth Management LLC bought a new position in shares of SmartRent in the fourth quarter worth approximately $31,000. SteelPeak Wealth LLC bought a new position in shares of SmartRent in the fourth quarter worth approximately $34,000. Finally, Orion Portfolio Solutions LLC bought a new position in shares of SmartRent in the fourth quarter worth approximately $39,000. 59.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other SmartRent news, CEO Michael Shane Paladin bought 43,859 shares of SmartRent stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $1.14 per share, with a total value of $49,999.26. Following the completion of the acquisition, the chief executive officer now owns 43,859 shares in the company, valued at approximately $49,999.26. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John C. Dorman bought 125,000 shares of SmartRent stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $1.20 per share, with a total value of $150,000.00. Following the completion of the acquisition, the director now owns 229,965 shares of the company's stock, valued at $275,958. The trade was a 119.09% increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by corporate insiders.

SmartRent declared that its board has authorized a share buyback program on Wednesday, May 7th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to repurchase up to 27.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

SmartRent Company Profile

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.