SmartRent (SMRT) to Release Earnings on Wednesday

SmartRent (NYSE:SMRT - Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, May 7th. Analysts expect SmartRent to post earnings of ($0.02) per share and revenue of $40.10 million for the quarter.

SmartRent (NYSE:SMRT - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $37.78 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. The business's revenue was down 41.3% compared to the same quarter last year. On average, analysts expect SmartRent to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SmartRent Price Performance

NYSE SMRT traded up $0.01 during trading hours on Monday, hitting $0.98. The company had a trading volume of 1,150,747 shares, compared to its average volume of 1,513,959. The firm's 50 day moving average is $1.06 and its 200 day moving average is $1.42. SmartRent has a fifty-two week low of $0.67 and a fifty-two week high of $2.98. The company has a market capitalization of $187.92 million, a price-to-earnings ratio of -7.53 and a beta of 1.86.

Insider Buying and Selling

In other news, Director John C. Dorman acquired 125,000 shares of the business's stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $1.20 per share, for a total transaction 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 $275,958. This represents a 119.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Shane Paladin bought 43,859 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was purchased 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. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SMRT. Cantor Fitzgerald raised SmartRent to a "hold" rating in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods lowered their price target 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 investment analysts have rated the stock with a hold rating, According to MarketBeat.com, SmartRent has a consensus rating of "Hold" and an average price target of $2.40.

About SmartRent

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.