Smith Micro Software, Inc. (NASDAQ:SMSI) Director Thomas G. Campbell sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $3.20, for a total transaction of $16,000.00. Following the completion of the transaction, the director now directly owns 57,000 shares of the company’s stock, valued at approximately $182,400. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of SMSI traded up $0.03 during mid-day trading on Friday, reaching $3.37. The company’s stock had a trading volume of 200 shares, compared to its average volume of 137,051. The firm has a market cap of $107.08 million, a price-to-earnings ratio of -23.93 and a beta of 0.33. Smith Micro Software, Inc. has a 52 week low of $1.62 and a 52 week high of $3.48.
Smith Micro Software (NASDAQ:SMSI) last announced its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. Smith Micro Software had a negative net margin of 1.06% and a positive return on equity of 24.68%. The firm had revenue of $8.43 million during the quarter, compared to analyst estimates of $7.80 million. Equities research analysts forecast that Smith Micro Software, Inc. will post 0.06 EPS for the current year.
A number of research firms have commented on SMSI. Zacks Investment Research cut shares of Smith Micro Software from a “buy” rating to a “sell” rating in a research note on Wednesday. TheStreet upgraded shares of Smith Micro Software from a “d” rating to a “c-” rating in a report on Friday, May 10th. ValuEngine upgraded shares of Smith Micro Software from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. Finally, Chardan Capital assumed coverage on shares of Smith Micro Software in a report on Sunday, April 7th. They issued a “buy” rating and a $5.00 price objective for the company. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $3.67.
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About Smith Micro Software
Smith Micro Software, Inc develops and sells software to simplify and enhance the mobile experience to wireless service providers, device manufacturers, and enterprise businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Wireless and Graphics.
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