Brokers Issue Forecasts for SmartRent Q1 Earnings

SmartRent, Inc. (NYSE:SMRT - Free Report) - Research analysts at Colliers Securities issued their Q1 2025 earnings estimates for SmartRent in a report released on Monday, March 24th. Colliers Securities analyst B. Oxford anticipates that the company will post earnings of ($0.02) per share for the quarter. The consensus estimate for SmartRent's current full-year earnings is ($0.14) per share. Colliers Securities also issued estimates for SmartRent's FY2026 earnings at ($0.09) EPS.

SmartRent (NYSE:SMRT - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). SmartRent had a negative net margin of 12.77% and a negative return on equity of 6.08%. The firm had revenue of $35.37 million for the quarter, compared to analysts' expectations of $37.78 million. During the same period last year, the company posted ($0.02) earnings per share. The business's revenue for the quarter was down 41.3% compared to the same quarter last year.

Separately, Keefe, Bruyette & Woods cut their target price on shares of SmartRent from $2.00 to $1.60 and set a "market perform" rating for the company in a research report on Thursday, March 6th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $2.40.

SmartRent Stock Performance

Shares of SMRT traded up $0.03 during mid-day trading on Thursday, hitting $1.15. 501,721 shares of the company traded hands, compared to its average volume of 1,423,244. The stock has a market cap of $220.64 million, a price-to-earnings ratio of -8.81 and a beta of 1.92. The stock has a 50-day moving average price of $1.35 and a two-hundred day moving average price of $1.57. SmartRent has a 1 year low of $1.07 and a 1 year high of $2.98.

Insider Transactions at SmartRent

In other SmartRent news, Director John C. Dorman acquired 125,000 shares of the company's stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $1.20 per share, with a total value of $150,000.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Shane Paladin acquired 43,859 shares of the business's stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $1.14 per share, with a total value of $49,999.26. Following the completion of the acquisition, the chief executive officer now owns 43,859 shares in the company, valued at approximately $49,999.26. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 9.00% of the company's stock.

Hedge Funds Weigh In On SmartRent

Institutional investors and hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC purchased a new position in SmartRent in the 3rd quarter worth about $106,000. Charles Schwab Investment Management Inc. raised its position in shares of SmartRent by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,515,124 shares of the company's stock worth $2,621,000 after acquiring an additional 27,662 shares in the last quarter. Citigroup Inc. lifted its position in shares of SmartRent by 27.2% during the third quarter. Citigroup Inc. now owns 10,009,518 shares of the company's stock valued at $17,316,000 after buying an additional 2,138,797 shares during the last quarter. Verition Fund Management LLC raised its stake in shares of SmartRent by 63.2% during the 3rd quarter. Verition Fund Management LLC now owns 62,703 shares of the company's stock worth $108,000 after acquiring an additional 24,275 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SmartRent during the third quarter worth $65,000. Hedge funds and other institutional investors own 59.42% of the company's stock.

About SmartRent

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.