Brokers Issue Forecasts for SmartRent Q2 Earnings

SmartRent, Inc. (NYSE:SMRT) – Equities research analysts at Colliers Securities issued their Q2 2025 earnings per share estimates for SmartRent in a report released on Tuesday, May 20th. Colliers Securities analyst B. Oxford expects that the company will post earnings of ($0.04) per share for the quarter. The consensus estimate for SmartRent’s current full-year earnings is ($0.14) per share.

SmartRent (NYSE:SMRT) last posted its earnings results on Wednesday, May 7th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). SmartRent had a negative return on equity of 6.08% and a negative net margin of 12.77%. The company had revenue of $41.34 million for the quarter, compared to the consensus estimate of $40.10 million.

Other equities research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods dropped their target price on shares of SmartRent from $1.60 to $1.30 and set a “market perform” rating for the company in a research report on Thursday, May 8th. Cantor Fitzgerald raised shares of SmartRent to a “hold” rating in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $2.33.

SmartRent Stock Performance

Shares of NYSE SMRT opened at $0.83 on Thursday. SmartRent has a 52-week low of $0.67 and a 52-week high of $2.70. The business has a fifty day moving average of $0.96 and a two-hundred day moving average of $1.35. The stock has a market cap of $156.38 million, a PE ratio of -6.39 and a beta of 1.86.

SmartRent announced that its Board of Directors has approved a stock repurchase plan on Wednesday, May 7th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to reacquire up to 27.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Transactions at SmartRent

In other news, CEO Michael Shane Paladin acquired 43,859 shares of SmartRent stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $1.14 per share, with a total value of $49,999.26. Following the acquisition, the chief executive officer now owns 43,859 shares in the company, valued at $49,999.26. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Dorman acquired 125,000 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $1.20 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the director now directly owns 229,965 shares in the company, valued at approximately $275,958. The trade was a 119.09% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On SmartRent

Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in SmartRent by 35.9% in the fourth quarter. JPMorgan Chase & Co. now owns 391,501 shares of the company’s stock worth $685,000 after purchasing an additional 103,325 shares during the period. Norges Bank acquired a new stake in shares of SmartRent during the 4th quarter worth approximately $438,000. Crossingbridge Advisors LLC bought a new stake in shares of SmartRent during the fourth quarter worth approximately $569,000. Quantbot Technologies LP acquired a new position in SmartRent in the fourth quarter valued at approximately $50,000. Finally, Royce & Associates LP boosted its stake in SmartRent by 64.2% in the fourth quarter. Royce & Associates LP now owns 1,283,325 shares of the company’s stock valued at $2,246,000 after acquiring an additional 501,890 shares during the last quarter. Institutional investors and hedge funds own 59.42% of the company’s stock.

SmartRent Company Profile

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.