Colliers Securities Predicts SmartRent Q1 Earnings

SmartRent, Inc. (NYSE:SMRT) – Investment analysts at Colliers Securities issued their Q1 2025 EPS estimates for SmartRent in a research note issued to investors on Monday, March 24th. Colliers Securities analyst B. Oxford forecasts that the company will earn ($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) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). The company had revenue of $35.37 million during the quarter, compared to analyst estimates of $37.78 million. SmartRent had a negative return on equity of 6.08% and a negative net margin of 12.77%. SmartRent’s quarterly revenue was down 41.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) EPS.

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

SmartRent Stock Performance

SMRT opened at $1.16 on Thursday. The firm has a market cap of $222.57 million, a P/E ratio of -8.88 and a beta of 1.92. The business has a 50 day moving average price of $1.37 and a 200 day moving average price of $1.58. SmartRent has a twelve month low of $1.07 and a twelve month high of $2.98.

Hedge Funds Weigh In On SmartRent

Several large investors have recently added to or reduced their stakes in SMRT. Price T Rowe Associates Inc. MD grew its holdings in shares of SmartRent by 15.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 71,641 shares of the company’s stock worth $126,000 after purchasing an additional 9,827 shares in the last quarter. MetLife Investment Management LLC boosted its stake in SmartRent by 20.6% during the fourth quarter. MetLife Investment Management LLC now owns 87,149 shares of the company’s stock worth $153,000 after buying an additional 14,879 shares in the last quarter. Virtu Financial LLC bought a new stake in SmartRent in the 3rd quarter valued at $26,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of SmartRent in the 4th quarter valued at $27,000. Finally, State Street Corp lifted its holdings in shares of SmartRent by 0.4% during the 3rd quarter. State Street Corp now owns 4,206,322 shares of the company’s stock worth $7,277,000 after acquiring an additional 15,642 shares during the period. Institutional investors and hedge funds own 59.42% of the company’s stock.

Insider Buying and Selling

In related news, Director John C. Dorman bought 125,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $1.20 per share, for a total transaction of $150,000.00. Following the purchase, the director now directly owns 229,965 shares in the company, valued at $275,958. This trade represents a 119.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Shane Paladin purchased 43,859 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $1.14 per share, for a total transaction of $49,999.26. Following the completion of the transaction, the chief executive officer now directly owns 43,859 shares in the company, valued at approximately $49,999.26. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.00% of the stock is owned by insiders.

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.