Raymond James Financial Inc. Invests $32,000 in Smith Micro Software, Inc. (NASDAQ:SMSI)

Raymond James Financial Inc. bought a new stake in Smith Micro Software, Inc. (NASDAQ:SMSI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,628 shares of the software maker’s stock, valued at approximately $32,000. Raymond James Financial Inc. owned 0.21% of Smith Micro Software as of its most recent filing with the Securities & Exchange Commission.

Separately, XTX Topco Ltd purchased a new stake in shares of Smith Micro Software during the 3rd quarter valued at $26,000. Hedge funds and other institutional investors own 20.80% of the company’s stock.

Smith Micro Software Stock Performance

NASDAQ SMSI opened at $0.80 on Monday. The firm has a market capitalization of $14.15 million, a price-to-earnings ratio of -0.15 and a beta of 0.84. Smith Micro Software, Inc. has a one year low of $0.52 and a one year high of $3.21. The company’s 50 day moving average price is $1.06 and its 200 day moving average price is $1.04.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Smith Micro Software from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th.

Smith Micro Software Company 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.