B.Riley FBR Sticks to Its Buy Rating for Smith Micro Software (SMSI)

By Jason Carr

B.Riley FBR analyst Josh Nichols maintained a Buy rating on Smith Micro Software (SMSIResearch Report) today and set a price target of $7.50. The company’s shares closed last Wednesday at $4.55.

According to TipRanks.com, Nichols is a 4-star analyst with an average return of 7.8% and a 37.8% success rate. Nichols covers the Technology sector, focusing on stocks such as Adesto Technologies, Avid Technology, and RF Industries.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Smith Micro Software with a $7.50 average price target.

See today’s analyst top recommended stocks >>

Based on Smith Micro Software’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $12.28 million and net profit of $3.67 million. In comparison, last year the company earned revenue of $7.35 million and had a net profit of $2.8 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Smith Micro Software, Inc. engages in the provision of software solutions. It operates through Wireless and Graphics segments. The Wireless segment refers to wireless internet solutions to access information and entertainment anytime and anywhere. The Graphics segment develops a variety of software, including graphic design and animation, and compression and PC/Mac utilities, for consumers, professional artists, and educators. The company was founded by William W. Smith Jr. on November 30, 1982 and is headquartered in Pittsburgh, PA.