Compass Point Initiates Coverage on SmartRent (NYSE:SMRT)

Compass Point started coverage on shares of SmartRent (NYSE:SMRT – Get Rating) in a research note published on Wednesday, Stock Target Advisor reports. The firm issued a buy rating and a $8.00 target price on the stock.

Separately, Cantor Fitzgerald upgraded shares of SmartRent from a neutral rating to an overweight rating in a research report on Thursday, May 12th.

SMRT stock opened at 6.21 on Wednesday. The firm has a 50 day moving average of 5.13 and a 200-day moving average of 7.36. SmartRent has a 12-month low of 3.55 and a 12-month high of 15.14.

SmartRent (NYSE:SMRT – Get Rating) last issued its earnings results on Thursday, March 24th. The company reported -0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of -0.09 by -0.04. The firm had revenue of 34.67 million for the quarter.

About SmartRent (Get Rating)

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.

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