Brokers Set Expectations for SmartRent FY2025 Earnings

SmartRent, Inc. (NYSE:SMRT) – Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for SmartRent in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst B. Knoblauch forecasts that the company will post earnings of $0.02 per share for the year. The consensus estimate for SmartRent’s current full-year earnings is ($0.14) per share.

SmartRent (NYSE:SMRT) last issued its earnings results on Wednesday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). SmartRent had a negative net margin of 12.77% and a negative return on equity of 6.08%. The firm had revenue of $40.50 million during the quarter, compared to the consensus estimate of $45.94 million. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. The business’s quarterly revenue was down 30.3% compared to the same quarter last year.

SmartRent Stock Performance

Shares of NYSE SMRT opened at $1.55 on Thursday. The firm has a 50 day moving average of $1.68 and a 200 day moving average of $1.76. SmartRent has a 12-month low of $1.17 and a 12-month high of $3.47.

Hedge Funds Weigh In On SmartRent

Several institutional investors have recently bought and sold shares of SMRT. Citigroup Inc. increased its holdings in shares of SmartRent by 27.2% in the third quarter. Citigroup Inc. now owns 10,009,518 shares of the company’s stock valued at $17,316,000 after purchasing an additional 2,138,797 shares in the last quarter. Jane Street Group LLC boosted its holdings in SmartRent by 21.9% during the third quarter. Jane Street Group LLC now owns 310,672 shares of the company’s stock worth $537,000 after purchasing an additional 55,809 shares during the last quarter. Long Pond Capital LP increased its holdings in SmartRent by 133.1% during the second quarter. Long Pond Capital LP now owns 9,316,093 shares of the company’s stock worth $22,265,000 after buying an additional 5,320,147 shares during the last quarter. Caprock Group LLC bought a new position in shares of SmartRent during the 3rd quarter worth approximately $1,997,000. Finally, Barclays PLC increased its stake in shares of SmartRent by 317.1% during the third quarter. Barclays PLC now owns 292,017 shares of the company’s stock worth $504,000 after purchasing an additional 221,998 shares during the period. 59.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SmartRent

In other news, Director Frank Martell acquired 48,204 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $1.45 per share, for a total transaction of $69,895.80. Following the transaction, the director now directly owns 248,204 shares in the company, valued at $359,895.80. This trade represents a 24.10 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.00% of the stock is owned by insiders.

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.