Should I buy or sell SmartRent stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SmartRent in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SMRT shares. View SMRT analyst ratings or view top-rated stocks .

What is SmartRent's stock price target for 2024?

4 brokers have issued 12-month target prices for SmartRent's stock. Their SMRT share price targets range from $3.20 to $5.00. On average, they expect the company's share price to reach $4.18 in the next year. This suggests a possible upside of 69.7% from the stock's current price. View analysts price targets for SMRT or view top-rated stocks among Wall Street analysts .

How have SMRT shares performed in 2024?

SmartRent's stock was trading at $3.19 at the start of the year. Since then, SMRT shares have decreased by 22.9% and is now trading at $2.46. View the best growth stocks for 2024 here .

When is SmartRent's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our SMRT earnings forecast .

How can I listen to SmartRent's earnings call?

SmartRent will be holding an earnings conference call on Wednesday, May 8th at 11:30 AM Eastern. Interested parties can register for or listen to the call using this link .

How were SmartRent's earnings last quarter?

SmartRent, Inc. (NYSE:SMRT) announced its earnings results on Tuesday, March, 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. The firm had revenue of $60.25 million for the quarter, compared to analyst estimates of $57.88 million. SmartRent had a negative net margin of 14.60% and a negative trailing twelve-month return on equity of 9.97%. SmartRent's revenue was up 48.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) earnings per share.

Is SmartRent a good dividend stock?

SmartRent (NYSE:SMRT) pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.00%. Read our dividend analysis for SMRT .

What ETFs hold SmartRent's stock?

ETFs with the largest weight of SmartRent (NYSE:SMRT) stock in their portfolio include Playtech (PTEC) and SPDR S&P Kensho Intelligent Structures ETF (SIMS) and

What guidance has SmartRent issued on next quarter's earnings?

SmartRent issued an update on its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $260.0 million-$290.0 million, compared to the consensus revenue estimate of $289.3 million.

How do I buy shares of SmartRent?

Shares of SMRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:SMRT

SmartRent (SMRT) Stock Price, News & Analysis

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Free SMRT Stock Alerts

$2.46

-0.05 (-1.99%)

(As of 04/17/2024 ET)

Compare

Today's Range: $2.40
▼
$2.55
50-Day Range: $2.44
▼
$3.03
52-Week Range: $2.15
▼
$4.12

Volume: 1.79 million shs
Average Volume: 1.34 million shs
Market Capitalization: $501.52 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.18

Get SmartRent alerts:

SmartRent MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 69.7% Upside
$4.18 Price Target
Short Interest: Bearish
9.23% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.03) to $0.03 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.98 out of 5 stars

Business Services Sector

254th out of 298 stocks

Computer Integrated Systems Design Industry

28th out of 34 stocks

3.4

Analyst's Opinion

Consensus Rating
SmartRent has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
SmartRent has only been the subject of 2 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
9.23% of the float of SmartRent has been sold short.
Short Interest Ratio / Days to Cover
SmartRent has a short interest ratio ("days to cover") of 11.3, which indicates bearish sentiment.
Change versus previous month
Short interest in SmartRent has recently increased by 15.75%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
SmartRent does not currently pay a dividend.
Dividend Growth
SmartRent does not have a long track record of dividend growth.
Dividend Sustainability
Based on EPS estimates, SmartRent will have a dividend payout ratio of 1,000.00% in the coming year. This indicates that SmartRent may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SMRT.

2.8

News and Social Media Coverage

News Sentiment
SmartRent has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 1 news article for SmartRent this week, compared to 0 articles on an average week.
Search Interest
Only 4 people have searched for SMRT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added SmartRent to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SmartRent insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.00% of the stock of SmartRent is held by insiders.
Percentage Held by Institutions
59.42% of the stock of SmartRent is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for SmartRent are expected to grow in the coming year, from ($0.03) to $0.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SmartRent is -13.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of SmartRent is -13.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
SmartRent has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About SmartRent Stock (NYSE:SMRT)

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. It also offers professional services to customers, which include training, installation, and support services. The company was founded in 2017 and is headquartered in Scottsdale, Arizona.

SMRT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SMRT Stock News Headlines

April 11, 2024 | investorplace.com

7 Penny Growth Stocks to Buy for Multibagger Gains This Year

April 9, 2024 | americanbankingnews.com

SmartRent (NYSE:SMRT) versus Technology Solutions (OTCMKTS:TSCC) Head-To-Head Analysis

April 18, 2024 | Paradigm Press (Ad)

Could Bitcoin Literally FORCE This Crypto To Rocket Up?

Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

April 8, 2024 | businesswire.com

SmartRent to Report First Quarter 2024 Financial Results on May 8, 2024

April 8, 2024 | businesswire.com

SmartRent Launches Alloy SmartHome Leak Sensor+

March 26, 2024 | investorplace.com

7 Monster Growth Stocks to Turn $7K into $70k

March 25, 2024 | seekingalpha.com

SmartRent: Downgrading To Hold Due To Uncertainties In FY24

March 5, 2024 | finance.yahoo.com

SmartRent Reports Fourth Quarter 2023 Results – Adjusted EBITDA Positive

April 18, 2024 | Paradigm Press (Ad)

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February 28, 2024 | investorplace.com

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February 19, 2024 | investorplace.com

3 Stocks to Buy as Soon as Investors' Good Moods Turn Sour

February 13, 2024 | finance.yahoo.com

Concerned Stockholder Urges SmartRent Leadership to Address Strategy, Communication, and Governance Matters

February 9, 2024 | seekingalpha.com

SmartRent: Profitability On The Horizon

November 8, 2023 | tmcnet.com

SmartRent Earns Coveted Spot on Deloitte's 2023 Technology Fast 500™ List

November 7, 2023 | seekingalpha.com

SmartRent, Inc. 2023 Q3 - Results - Earnings Call Presentation

November 7, 2023 | finance.yahoo.com

SmartRent Reports Third Quarter 2023 Results

November 1, 2023 | seekingalpha.com

SmartRent: Heading In The Right Direction

September 11, 2023 | finance.yahoo.com

SmartRent Issues Response to Inaccurate Short Seller Report

August 22, 2023 | seekingalpha.com

SmartRent: Positive On The Profitable Growth Approach

August 8, 2023 | seekingalpha.com

SmartRent, Inc. 2023 Q2 - Results - Earnings Call Presentation

August 8, 2023 | finance.yahoo.com

SmartRent Reports Second Quarter 2023 Results

August 2, 2023 | finance.yahoo.com

SmartRent Expands Product Line to Include the Smart Package Room® Solution

July 23, 2023 | seekingalpha.com

Old West - SmartRent: No Serious Competition And Rapidly Riding To Profitability

June 29, 2023 | seekingalpha.com

SmartRent: Accelerated Revenue Recognition For New SmartHubs Superficially And Temporarily Boosts Stagnating Low-Margin Business

June 1, 2023 | seekingalpha.com

SmartRent: The Smart Way To Invest In Smart Homes And Proptech

May 25, 2023 | finance.yahoo.com

SmartRent to Present at the Morgan Stanley US Financials, Payments and CRE Conference

May 11, 2023 | seekingalpha.com

SmartRent, Inc. 2023 Q1 - Results - Earnings Call Presentation

See More Headlines

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Company Calendar

Last Earnings: 3/05/2024
Today: 4/17/2024
Next Earnings (Confirmed): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Business Services
Industry: Computer integrated systems design
Sub-Industry: N/A
Current Symbol: NYSE:SMRT
CUSIP: N/A
CIK: 1837014
Web: www.smartrent.com
Phone: 844-479-1555
Fax: N/A
Employees: 2
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.18
High Stock Price Target: $5.00
Low Stock Price Target: $3.20
Potential Upside/Downside: +69.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.18)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-34,590,000.00
Net Margins: -14.60%
Pretax Margin: -14.65%
Return on Equity: -9.97%
Return on Assets: -6.64%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.90
Quick Ratio: 2.55

Sales & Book Value

Annual Sales: $236.84 million
Price / Sales: 2.12
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.69 per share
Price / Book: 1.46

Miscellaneous

Outstanding Shares: 203,870,000
Free Float: 185,521,000
Market Cap: $501.52 million
Optionable: Optionable
Beta: 2.00

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Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SMRT Stock Analysis - Frequently Asked Questions

Should I buy or sell SmartRent stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SmartRent in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SMRT shares.
View SMRT analyst ratings or view top-rated stocks.
What is SmartRent's stock price target for 2024?: 4 brokers have issued 12-month target prices for SmartRent's stock. Their SMRT share price targets range from $3.20 to $5.00. On average, they expect the company's share price to reach $4.18 in the next year. This suggests a possible upside of 69.7% from the stock's current price.
View analysts price targets for SMRT or view top-rated stocks among Wall Street analysts.
How have SMRT shares performed in 2024?: SmartRent's stock was trading at $3.19 at the start of the year. Since then, SMRT shares have decreased by 22.9% and is now trading at $2.46.
View the best growth stocks for 2024 here.
When is SmartRent's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our SMRT earnings forecast.
How can I listen to SmartRent's earnings call?: SmartRent will be holding an earnings conference call on Wednesday, May 8th at 11:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were SmartRent's earnings last quarter?: SmartRent, Inc. (NYSE:SMRT) announced its earnings results on Tuesday, March, 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. The firm had revenue of $60.25 million for the quarter, compared to analyst estimates of $57.88 million. SmartRent had a negative net margin of 14.60% and a negative trailing twelve-month return on equity of 9.97%. SmartRent's revenue was up 48.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) earnings per share.

Is SmartRent a good dividend stock?: SmartRent (NYSE:SMRT) pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for SMRT.
What ETFs hold SmartRent's stock?: ETFs with the largest weight of SmartRent (NYSE:SMRT) stock in their portfolio include Playtech (PTEC) and SPDR S&P Kensho Intelligent Structures ETF (SIMS) and
What guidance has SmartRent issued on next quarter's earnings?: SmartRent issued an update on its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $260.0 million-$290.0 million, compared to the consensus revenue estimate of $289.3 million.
How do I buy shares of SmartRent?: Shares of SMRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SMRT) was last updated on 4/18/2024 by MarketBeat.com Staff

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SmartRent (SMRT) Stock Price, News & Analysis

SmartRent MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About SmartRent Stock (NYSE:SMRT)

SMRT Stock Price History

SMRT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Competitors

Insiders & Institutions

SMRT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™