Geode Capital Management LLC Increases Position in Smith Micro Software, Inc. (NASDAQ:SMSI)

Geode Capital Management LLC raised its position in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) by 59.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,979 shares of the software maker’s stock after buying an additional 51,681 shares during the period. Geode Capital Management LLC’s holdings in Smith Micro Software were worth $181,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Pacific Ridge Capital Partners LLC lifted its stake in Smith Micro Software by 122.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 521,018 shares of the software maker’s stock worth $683,000 after acquiring an additional 286,540 shares in the last quarter. Virtu Financial LLC acquired a new position in Smith Micro Software in the 3rd quarter valued at about $39,000. Finally, Raymond James Financial Inc. purchased a new stake in Smith Micro Software during the fourth quarter worth about $32,000. 20.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Smith Micro Software from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th.

Smith Micro Software Stock Down 0.9 %

Shares of SMSI stock opened at $1.05 on Friday. The firm has a 50 day moving average of $0.93 and a two-hundred day moving average of $1.04. The stock has a market capitalization of $20.43 million, a PE ratio of -0.20 and a beta of 0.84. Smith Micro Software, Inc. has a 52 week low of $0.52 and a 52 week high of $2.90.

Smith Micro Software Profile

Smith Micro Software, Inc engages in the development and sale of software to enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa. The company offers SafePath Family, SafePath IoT, SafePath Home, and SafePath Premium product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service provides deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language voice-to-text (VTT) transcription messaging.