New insider activity at SmartRent ( (SMRT) ) has taken place on March 8, 2025.
CFO Daryl Stemm has made a significant move by purchasing 10,000 shares of SmartRent stock, with the transaction valued at $12,300.
Recent Updates on SMRT stock
In the last 24 hours, SmartRent has faced significant developments impacting its stock. Analyst Ryan Tomasello from Keefe Bruyette lowered the price target for SmartRent due to a lack of visibility into the company’s future performance. The company’s financial stability is threatened by potential changes in tax laws, including a new excise tax on stock buybacks and a global minimum tax, which could increase tax obligations and affect cash flow. SmartRent’s recent earnings report revealed a 41% decline in total revenue for Q4 2024, attributed to reduced hardware sales, although SaaS revenue grew by 17%, indicating a strategic shift towards a SaaS-first model. Despite these challenges, SmartRent’s management remains optimistic about the transition under new leadership, focusing on SaaS growth and operational excellence. The company also completed a share repurchase program, reflecting confidence in its long-term value.
More about SmartRent
YTD Price Performance: -28.00%
Average Trading Volume: 1,224,082
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $261.9M
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