Smith Micro Software (NASDAQ:SMSI) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Smith Micro Software, Inc. (NASDAQ:SMSI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.01 and traded as high as $1.37. Smith Micro Software shares last traded at $1.37, with a volume of 149,676 shares.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Benchmark restated a “buy” rating and set a $5.00 target price on shares of Smith Micro Software in a research report on Thursday, November 14th. StockNews.com lowered Smith Micro Software from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st.

Smith Micro Software Stock Down 6.6 %

The company has a market cap of $15.18 million, a price-to-earnings ratio of -0.25 and a beta of 0.67. The company has a fifty day simple moving average of $1.35 and a two-hundred day simple moving average of $1.01.

Institutional Investors Weigh In On Smith Micro Software

A number of large investors have recently added to or reduced their stakes in SMSI. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Smith Micro Software by 122.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 521,018 shares of the software maker’s stock valued at $683,000 after purchasing an additional 286,540 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Smith Micro Software by 59.9% during the 4th quarter. Geode Capital Management LLC now owns 137,979 shares of the software maker’s stock worth $181,000 after purchasing an additional 51,681 shares in the last quarter. Jane Street Group LLC raised its position in shares of Smith Micro Software by 190.9% during the 4th quarter. Jane Street Group LLC now owns 51,480 shares of the software maker’s stock worth $67,000 after purchasing an additional 33,784 shares during the last quarter. XTX Topco Ltd lifted its stake in Smith Micro Software by 80.6% in the 4th quarter. XTX Topco Ltd now owns 46,714 shares of the software maker’s stock valued at $61,000 after buying an additional 20,847 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Smith Micro Software by 60.9% during the 4th quarter. Renaissance Technologies LLC now owns 44,141 shares of the software maker’s stock valued at $58,000 after buying an additional 16,700 shares during the last quarter. 20.80% of the stock is owned by institutional investors and hedge funds.

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.