SmartRent (SMRT) Stock Forecast, Price & News

5 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 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SMRT shares.
View SMRT analyst ratings or view top-rated stocks.

5 Wall Street analysts have issued 1 year price targets for SmartRent's stock. Their SMRT share price forecasts range from $3.10 to $6.50. On average, they anticipate the company's share price to reach $5.17 in the next twelve months. This suggests a possible upside of 58.6% from the stock's current price.
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SmartRent's stock was trading at $2.43 on January 1st, 2023. Since then, SMRT shares have increased by 34.2% and is now trading at $3.26.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our SMRT earnings forecast.

SmartRent, Inc. (NYSE:SMRT) posted its earnings results on Wednesday, March, 8th. The company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The firm had revenue of $40.55 million for the quarter, compared to analysts' expectations of $44.80 million. SmartRent had a negative net margin of 44.05% and a negative trailing twelve-month return on equity of 21.61%.

ETFs with the largest weight of SmartRent (NYSE:SMRT) stock in their portfolio include SPDR S&P Kensho Intelligent Structures ETF (SIMS), Global X Internet of Things Thematic ETF (SNSR), SPDR S&P Kensho New Economies Composite ETF (KOMP),

SmartRent issued an update on its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $50.00 million-$55.00 million, compared to the consensus revenue estimate of $62.50 million.

SmartRent trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMRT."

SmartRent's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Citigroup Inc. (4.86%), BlackRock Inc. (4.37%), ACK Asset Management LLC (2.96%), Old West Investment Management LLC (1.82%), State Street Corp (1.80%) and Russell Investments Group Ltd. (1.34%). Insiders that own company stock include Alana Beard, Bain Capital Venture Investors, Bruce C Strohm, Christopher Jon Edmonds, D Hunt Hawkins, Demetrios Barnes, Eva Chantelle Quick, Irwin Cohen, Isaiah Derose-Wilson, James Ballister Brown, Jay Stein, Jonathan Wolter, Lucas Merwan Haldeman, Mitch Karren, Robert T Best and Thomas L Cole.
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Shares of SMRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SMRT stock can currently be purchased for approximately $3.26.

SmartRent (NYSE:SMRT) has a market capitalization of $650.24 million and generates $167.82 million in revenue each year. The company earns $-96,320,000.00 in net income (profit) each year or ($0.44) on an earnings per share basis.

SmartRent's mailing address is 8665 E. HARTFORD DRIVE SUITE 200, SCOTTSDALE AZ, 85255. The official website for the company is www.smartrent.com. The company can be reached via phone at 844-479-1555 or via email at investors@smartrent.com.