Smith Micro Software (SMSI) Gets a Buy Rating from B.Riley FBR

B.Riley FBR analyst Josh Nichols maintained a Buy rating on Smith Micro Software (SMSIResearch Report) yesterday and set a price target of $9.00. The company’s shares closed last Thursday at $3.98.

According to TipRanks.com, Nichols is a 4-star analyst with an average return of 6.7% and a 37.3% success rate. Nichols covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies, Avid Technology, and Horizon Global.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Smith Micro Software with a $9.00 average price target.

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Smith Micro Software’s market cap is currently $157.1M and has a P/E ratio of 14.30. The company has a Price to Book ratio of 4.38.

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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.