Home Analysts Viewpoint SmartRent Inc. (SMRT) may enjoy gains as insiders got busy in the recent days

SmartRent Inc. (SMRT) may enjoy gains as insiders got busy in the recent days

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SmartRent Inc. (SMRT) may enjoy gains as insiders got busy in the recent days
AT&T Stock

SmartRent Inc.’s recently made public that its Director Best Robert T. acquired Company’s shares for reported $0.31 million on Aug 17. In the deal valued at $3.65 per share,84,000 shares were bought. As a result of this transaction, Best Robert T. now holds 4,905,222 shares worth roughly $ 12.41 million.


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Then, BAIN CAPITAL VENTURE INVESTORS sold 95,634 shares, generating $536,449 in total proceeds. Upon selling the shares at $5.61, the 10% Owner now owns 19,630,624 shares.

Before that, BAIN CAPITAL VENTURE INVESTORS sold 66,939 shares. SmartRent Inc. shares valued at $369,851 were divested by the 10% Owner at a price of $5.53 per share. As a result of the transaction, BAIN CAPITAL VENTURE INVESTORS now holds 19,726,258 shares, worth roughly $49.91 million.

Imperial Capital initiated its SmartRent Inc. [SMRT] rating to an Outperform in a research note published on Friday, August 16, 2022; the price target was $6. PT values the company’s stock at a premium of 57.83 to its Friday closing price. Compass Point began covering SMRT with “Buy” recommendation on May 25, 2022. Morgan Stanley started covering the stock on February 15, 2022. It rated SMRT as “an Equal-weight”.

Price Performance Review of SMRT

On Friday, SmartRent Inc. [NYSE:SMRT] saw its stock jump 3.69% to $2.53. On the same session, the stock had its day’s lowest price of $2.41, but rose to a high of $2.56. Over the last five days, the stock has lost -5.95%. SmartRent Inc. shares have fallen nearly -73.86% since the year began. Nevertheless, the stocks have fallen -80.67% over the past one year. While a 52-week high of $14.48 was reached on 01/03/22, a 52-week low of $2.19 was recorded on 09/26/22. SMA at 50 days reached $2.64, while 200 days put it at $4.85. A total of 0.73 million shares were traded, compared to the trading of 0.51 million shares in the previous session.

Levels Of Support And Resistance For SMRT Stock

The 24-hour chart illustrates a support level at 2.44, which if violated will result in even more drops to 2.35. On the upside, there is a resistance level at 2.59. A further resistance level may holdings at 2.65. The Relative Strength Index (RSI) on the 14-day chart is 47.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.56%. Stochastics %K at 44.93% indicates the stock is a holding.

How much short interest is there in SmartRent Inc.?

A steep rise in short interest was recorded in SmartRent Inc. stocks on Jul 14, 2022, growing by 4.15 million shares to a total of 9.5 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 5.35 million shares. There was a rise of 43.68%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.66% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.77.

SmartRent Inc. [SMRT] – Who Are The Largest Shareholders?

In filings from Vulcan Value Partners LLC, it is revealed that the company now owns 16,740,465 shares, or roughly 8.47% of the outstanding SMRT shares. In other words, the investor’s shares have risen by 836,478 from its previous 13-F filing of 15903987.0. Additionally, The Vanguard Group, Inc. increased 21.14% of its stake after which the total value it holdings stand at $20,523,692, while Long Pond Capital LP added 29.10% of its stake to hold $16.9 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 5,334,569 shares of SmartRent Inc., while BAMCO, Inc. bought -1,761,399 shares. At present, Oaktree Capital Management LP is holding 3,006,807 shares valued at $6.83 million. SSgA Funds Management, Inc. owned 2,677,292 shares of the company at the time of its most recent 13F filing, worth $6.08 million.

The most recent change occurred on February 14, 2022 when Keefe Bruyette began covering the stock and recommended ‘”an Outperform”‘ rating along with a $13 price target.

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