Should I buy or sell SmartRent stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SmartRent in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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?

3 analysts have issued twelve-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 $4.43 in the next twelve months. This suggests a possible upside of 32.5% 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 2023?

SmartRent's stock was trading at $2.43 at the beginning of 2023. Since then, SMRT stock has increased by 37.4% and is now trading at $3.34. View the best growth stocks for 2023 here .

When is SmartRent's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 13th 2024. View our SMRT earnings forecast .

How were SmartRent's earnings last quarter?

SmartRent, Inc. (NYSE:SMRT) announced its quarterly earnings results on Tuesday, November, 7th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. The firm had revenue of $58.10 million for the quarter, compared to the consensus estimate of $59.34 million. SmartRent had a negative net margin of 24.26% and a negative trailing twelve-month return on equity of 14.13%. The firm's revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) earnings per share.

What ETFs hold SmartRent's stock?

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

Who are SmartRent's major shareholders?

SmartRent's stock is owned by many different institutional and retail investors. Top institutional investors include Citigroup Inc. (3.97%), Old West Investment Management LLC (1.81%), Land & Buildings Investment Management LLC (1.72%), Bamco Inc. NY (0.95%), Northern Trust Corp (0.83%) and Charles Schwab Investment Management Inc. (0.70%). Insiders that own company stock include Alana Beard, Bain Capital Venture Investors, Bruce C Strohm , Christopher Jon Edmonds, Demetrios Barnes, Isaiah Derose-Wilson, Jonathan Wolter , Lucas Merwan Haldeman , Mitch Karren and Robert T Best. View institutional ownership trends .

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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

SmartRent Stock Price, News & Analysis (NYSE:SMRT)

$3.34

+0.09 (+2.77%)

(As of 12/8/2023 ET)

Compare

Today's Range: $3.23
▼
$3.38
50-Day Range: $2.35
▼
$3.34
52-Week Range: $2.03
▼
$4.12

Volume: 1.36 million shs
Average Volume: 993,102 shs
Market Capitalization: $678.52 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.43

SmartRent MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 32.5% Upside
$4.43 Price Target
Short Interest: Bearish
7.31% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.16
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$117,275 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.18) to $0.01 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.02 out of 5 stars

Business Services Sector

171st out of 292 stocks

Computer Integrated Systems Design Industry

18th out of 31 stocks

3.3

Analyst's Opinion

Consensus Rating
SmartRent has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.43, SmartRent has a forecasted upside of 32.5% from its current price of $3.34.
Amount of Analyst Coverage
SmartRent has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
7.31% 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 10.4, which indicates bearish sentiment.
Change versus previous month
Short interest in SmartRent has recently decreased by 6.76%, indicating that investor sentiment is improving 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.

N/A

Sustainability and ESG

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

1.6

News and Social Media Coverage

News Sentiment
SmartRent has a news sentiment score of -0.16. 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 lower news sentiment than the 0.48 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for SmartRent this week, compared to 0 articles on an average week.
MarketBeat Follows
2 people have added SmartRent to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SmartRent insiders have bought more of their company's stock than they have sold. Specifically, they have bought $117,275.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
12.00% of the stock of SmartRent is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
55.68% 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 ($0.18) to $0.01 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SmartRent is -12.37, 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 -12.37, 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 1.82. 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

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

December 9, 2023 | americanbankingnews.com

SmartRent, Inc. to Post FY2023 Earnings of ($0.19) Per Share, Colliers Securities Forecasts (NYSE:SMRT)

December 3, 2023 | americanbankingnews.com

SmartRent (NYSE:SMRT) Shares Gap Up to $3.13

December 10, 2023 | Wealthpress (Ad)

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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

December 10, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

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

May 10, 2023 | finance.yahoo.com

SmartRent Reports First Quarter 2023 Results

March 8, 2023 | finance.yahoo.com

SmartRent Reports Fourth Quarter and Full-Year 2022 Results

February 2, 2023 | finance.yahoo.com

SmartRent to Present at the Morgan Stanley Technology, Media & Telecom Conference

November 30, 2022 | finance.yahoo.com

SmartRent to Present at Imperial Capital Security Investor Conference

November 28, 2022 | finance.yahoo.com

SmartRent Reports Third Quarter 2022 Results

September 6, 2022 | finance.yahoo.com

SmartRent to Present at Goldman Sachs Communacopia + Technology Conference

August 14, 2022 | finance.yahoo.com

Analysts Have Lowered Expectations For SmartRent, Inc. (NYSE:SMRT) After Its Latest Results

August 13, 2022 | finance.yahoo.com

Need To Know: The Consensus Just Cut Its SmartRent, Inc. (NYSE:SMRT) Estimates For 2022

August 11, 2022 | finance.yahoo.com

SmartRent Reports Second Quarter 2022 Results

See More Headlines

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Company Calendar

Last Earnings: 11/07/2023
Today: 12/09/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/13/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Computer integrated systems design
Sub-Industry: N/A
Sector: Business Services
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: $4.43
High Stock Price Target: $5.00
Low Stock Price Target: $3.20
Potential Upside/Downside: +32.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.27)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-96,320,000.00
Net Margins: -24.26%
Pretax Margin: -24.11%
Return on Equity: -14.13%
Return on Assets: -9.33%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.78
Quick Ratio: 2.40

Sales & Book Value

Annual Sales: $167.82 million
Price / Sales: 4.04
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.84 per share
Price / Book: 1.82

Miscellaneous

Outstanding Shares: 203,150,000
Free Float: 178,776,000
Market Cap: $678.52 million
Optionable: Optionable
Beta: 2.08

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Key Competitors

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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?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SmartRent in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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?: 3 analysts have issued twelve-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 $4.43 in the next twelve months. This suggests a possible upside of 32.5% 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 2023?: SmartRent's stock was trading at $2.43 at the beginning of 2023. Since then, SMRT stock has increased by 37.4% and is now trading at $3.34.
View the best growth stocks for 2023 here.
When is SmartRent's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 13th 2024.
View our SMRT earnings forecast.

How were SmartRent's earnings last quarter?: SmartRent, Inc. (NYSE:SMRT) announced its quarterly earnings results on Tuesday, November, 7th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. The firm had revenue of $58.10 million for the quarter, compared to the consensus estimate of $59.34 million. SmartRent had a negative net margin of 24.26% and a negative trailing twelve-month return on equity of 14.13%. The firm's revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) earnings per share.
What ETFs hold SmartRent's stock?: ETFs with the largest weight of SmartRent (NYSE:SMRT) stock in their portfolio include SPDR S&P Kensho Intelligent Structures ETF (SIMS), Playtech (PTEC) and Global X Internet of Things Thematic ETF (SNSR) and
Who are SmartRent's major shareholders?: SmartRent's stock is owned by many different institutional and retail investors. Top institutional investors include Citigroup Inc. (3.97%), Old West Investment Management LLC (1.81%), Land & Buildings Investment Management LLC (1.72%), Bamco Inc. NY (0.95%), Northern Trust Corp (0.83%) and Charles Schwab Investment Management Inc. (0.70%). Insiders that own company stock include Alana Beard, Bain Capital Venture Investors, Bruce C Strohm, Christopher Jon Edmonds, Demetrios Barnes, Isaiah Derose-Wilson, Jonathan Wolter, Lucas Merwan Haldeman, Mitch Karren and Robert T Best.
View institutional ownership trends.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:SMRT) was last updated on 12/10/2023 by MarketBeat.com Staff

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