Colliers Securities Comments on SmartRent Q1 Earnings

SmartRent, Inc. (NYSE:SMRT) – Research analysts at Colliers Securities issued their Q1 2025 earnings estimates for shares of SmartRent in a report released on Monday, March 24th. Colliers Securities analyst B. Oxford anticipates that the company will post earnings per share of ($0.02) 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.

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

SmartRent Stock Down 3.0 %

Shares of SMRT stock opened at $1.13 on Thursday. The business has a fifty day simple moving average of $1.35 and a 200 day simple moving average of $1.57. The company has a market cap of $216.79 million, a P/E ratio of -8.65 and a beta of 1.92. SmartRent has a twelve month low of $1.07 and a twelve month high of $2.98.

SmartRent (NYSE:SMRT) 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 analyst estimates of $37.78 million. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. The firm’s revenue for the quarter was down 41.3% on a year-over-year basis.

Insider Transactions at SmartRent

In other SmartRent news, CEO Michael Shane Paladin acquired 43,859 shares of SmartRent stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $1.14 per share, with a total value of $49,999.26. Following the completion of the purchase, the chief executive officer now directly owns 43,859 shares in the company, valued at $49,999.26. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John C. Dorman acquired 125,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $1.20 per share, with a total value of $150,000.00. Following the completion of the acquisition, the director now directly owns 229,965 shares of the company’s stock, valued at $275,958. This trade represents a 119.09 % 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.

Institutional Trading of SmartRent

Several institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC raised its stake in SmartRent by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 53,820 shares of the company’s stock worth $94,000 after buying an additional 17,710 shares during the last quarter. Millennium Management LLC boosted its position in shares of SmartRent by 82.4% during the fourth quarter. Millennium Management LLC now owns 908,769 shares of the company’s stock valued at $1,590,000 after buying an additional 410,666 shares during the last quarter. Land & Buildings Investment Management LLC boosted its holdings in SmartRent by 4.4% during the 4th quarter. Land & Buildings Investment Management LLC now owns 3,990,266 shares of the company’s stock worth $6,983,000 after acquiring an additional 167,828 shares during the last quarter. Deutsche Bank AG boosted its holdings in SmartRent by 45.1% during the fourth quarter. Deutsche Bank AG now owns 172,307 shares of the company’s stock worth $302,000 after purchasing an additional 53,579 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in SmartRent during the fourth quarter worth $434,000. 59.42% of the stock is currently owned by institutional investors.

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.