Benchmark Reiterates “Buy” Rating for Smith Micro Software (NASDAQ:SMSI)

Smith Micro Software (NASDAQ:SMSI)‘s stock had its “buy” rating reiterated by equities researchers at Benchmark in a report released on Thursday,Benzinga reports. They currently have a $5.00 target price on the software maker’s stock.

Separately, StockNews.com cut shares of Smith Micro Software from a “hold” rating to a “sell” rating in a report on Tuesday.

Smith Micro Software Price Performance

Shares of NASDAQ SMSI traded down $0.08 during midday trading on Thursday, hitting $0.81. 39,912 shares of the company’s stock were exchanged, compared to its average volume of 1,164,267. The firm’s fifty day simple moving average is $0.88 and its 200-day simple moving average is $1.60. The company has a market cap of $9.57 million, a PE ratio of -0.15 and a beta of 0.73. Smith Micro Software has a twelve month low of $0.52 and a twelve month high of $7.52.

About Smith Micro Software

Smith Micro Software, Inc engages in the development and sale of software to enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa. The company offers SafePath Family, SafePath IoT, SafePath Home, and SafePath Premium product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service provides deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language voice-to-text (VTT) transcription messaging.