SmartRent, Inc., an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. The company's products and solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi. It also offers professional services to customers, which include training, installation, and support services. The company was founded in 2017 and is headquartered in Scottsdale, Arizona.
IPO Year:
Exchange: NASDAQ
Website: smartrent.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/8/2024 | Outperform → Mkt Perform | Keefe Bruyette | |
| 8/8/2024 | $4.00 → $2.00 | Overweight → Neutral | Cantor Fitzgerald |
| 8/2/2024 | Buy → Neutral | BTIG Research | |
| 7/31/2024 | Buy → Neutral | Colliers Securities | |
| 7/31/2024 | $3.25 → $2.00 | Buy → Neutral | DA Davidson |
| 1/19/2024 | $4.50 | Buy | BTIG Research |
| 8/16/2022 | $6.00 | Outperform | Imperial Capital |
| 7/22/2022 | $6.00 | Overweight | Cantor Fitzgerald |
| 5/25/2022 | $8.00 | Buy | Compass Point |
| 2/15/2022 | $9.00 | Equal-Weight | Morgan Stanley |
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56% of U.S. renters are ready to move, with Gen Z driving demand for modern amenities Majority believe rent should cover water and trash expenses Gen Z prioritizes rental homes with security cameras, video doorbells and smart locks SmartRent, Inc. (NYSE:SMRT), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today released new findings from its nationwide survey of renters, conducted in partnership with Morning Consult. As the highly competitive summer rental season unfolds, the results reveal the nuanced approach renters are taking as they consider their next home. While many are open to moving, they bring firm ex
Seasoned professional brings decades of real estate and finance industry experience SmartRent, Inc. (NYSE:SMRT), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the appointment of Thomas "Tom" Bohjalian to its Board of Directors. He will serve as a member of the Audit and Compensation Committees. Tom brings over 30 years of real estate and multifamily housing industry experience and public company governance to SmartRent's board. He currently serves as the board chair of Healthcare Realty Trust, Incorporated (NYSE:HR) and was previously on the board of directors for Apartment Income REIT Corporation (NYS
Growth and innovation-focused leader with a proven history of driving operational excellence and profitability to lead SmartRent's next chapter SmartRent Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the appointment of Frank Martell as President and Chief Executive Officer, effective immediately. Martell has been a member of SmartRent's Board of Directors and served on the Board's Audit and Nominating and Corporate Governance Committees since June 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/h
Foundational AI-powered intelligence layer added across SmartRent platform, streamlining data access and expediting property insights SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the continued evolution of its platform with the introduction an AI-powered intelligence layer and enhanced energy management tools designed to empower operators to make informed decisions to reduce utility waste, cut costs and support ESG goals. These innovations mark a new chapter for SmartRent, one that moves beyond automation to intelligence, making it easier to
Resource reveals multifamily operators can achieve nearly 20% reduction in energy costs through smart technology SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the release of a Parks Associates whitepaper, Growing Multifamily Value Through Smart Energy Savings, conducted through a collaboration with SmartRent. The whitepaper highlights how multifamily communities have successfully reduced energy and water utility costs by nearly 20% through integrated smart technologies. As multifamily operators face escalating operational pressures, from rising
Annual Recurring Revenue of $55.9 million in Q1 of 2025, an increase of 17% Year over Year SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), a leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today reported financial results for the three months ended March 31, 2025. Management is hosting an investor call to discuss results today, May 7, 2025, at 11:30 a.m. Eastern Time. Financial and Business Highlights for the First Quarter of 2025: Total Revenue of $41.3 million, decreased by 18% year over year. SaaS Revenue of $14.0 million, increased by 17% year over year. Net loss increased to $(40.2) million, which inclu
SmartRent, Inc. (NYSE:SMRT), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced that on May 2, 2025, the Company received notice (the "Notice") from the New York Stock Exchange (the "NYSE") that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing share price of the Company's Class A common stock as of May 2, 2025 was less than $1.00 over a consecutive 30 trading-day period. As required by the NYSE, the Company intends to provide timely notice to the NYSE of its intent to regain compliance with the NYSE minimum share price requirement, which may include, if
SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced it will release first quarter of financial year 2025 results and host a conference call on Wednesday, May 7, 2025. First quarter 2025 financial results will be released before the market opens, and at 11:30 a.m. ET, John Dorman, the Company's interim Chief Executive Officer, and Daryl Stemm, Chief Financial Officer, will host a conference call and webcast to discuss the Company's performance. The press release and supporting materials will be available in the Events and Presentations section of the Com
Shane Paladin Steps Down as President and CEO and Resigns from Board Chairman John Dorman Named Interim CEO SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities and smart operations solutions for the rental housing industry, today announced that, at the request of the Board of Directors, Shane Paladin has stepped down from his positions as President and CEO, and resigned from the Board, effective immediately. John Dorman, Chairman of the Board, has been appointed interim CEO and Alison Dean has been appointed lead independent director. The Board has reinitiated its search with an executive search firm to assist in finding SmartRent's next C
‘Teams,' ‘Smart Launch' and ‘Triggers' drive greater efficiency, cost savings and scalability for multifamily operators SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the rollout of its Teams, Smart Launch and Triggers features in its Work Management solution. These latest innovations — part of SmartRent's $10 million investment to fuel innovation and customer success — uniquely position SmartRent to support the rental housing industry's shift toward centralization, enhancing coordination and automating key workflows to streamline property managem
Keefe Bruyette downgraded SmartRent from Outperform to Mkt Perform
Cantor Fitzgerald downgraded SmartRent from Overweight to Neutral and set a new price target of $2.00 from $4.00 previously
BTIG Research downgraded SmartRent from Buy to Neutral
Colliers Securities downgraded SmartRent from Buy to Neutral
DA Davidson downgraded SmartRent from Buy to Neutral and set a new price target of $2.00 from $3.25 previously
BTIG Research initiated coverage of SmartRent with a rating of Buy and set a new price target of $4.50
Imperial Capital initiated coverage of SmartRent with a rating of Outperform and set a new price target of $6.00
Cantor Fitzgerald resumed coverage of SmartRent with a rating of Overweight and set a new price target of $6.00
Compass Point initiated coverage of SmartRent with a rating of Buy and set a new price target of $8.00
Morgan Stanley initiated coverage of SmartRent with a rating of Equal-Weight and set a new price target of $9.00
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Annual Recurring Revenue of $55.9 million in Q1 of 2025, an increase of 17% Year over Year SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), a leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today reported financial results for the three months ended March 31, 2025. Management is hosting an investor call to discuss results today, May 7, 2025, at 11:30 a.m. Eastern Time. Financial and Business Highlights for the First Quarter of 2025: Total Revenue of $41.3 million, decreased by 18% year over year. SaaS Revenue of $14.0 million, increased by 17% year over year. Net loss increased to $(40.2) million, which inclu
SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced it will release first quarter of financial year 2025 results and host a conference call on Wednesday, May 7, 2025. First quarter 2025 financial results will be released before the market opens, and at 11:30 a.m. ET, John Dorman, the Company's interim Chief Executive Officer, and Daryl Stemm, Chief Financial Officer, will host a conference call and webcast to discuss the Company's performance. The press release and supporting materials will be available in the Events and Presentations section of the Com
Annual Recurring Revenue was $54.4 million SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), a leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today reported financial results for the three months and full year ended December 31, 2024. Management is hosting an investor call to discuss results today, March 5, 2025, at 11:30 a.m. Eastern Time. Financial and Business Highlights for the Fourth Quarter and Full-Year 2024 Total Revenue of $35.4 million for the fourth quarter 2024 and $174.9 million for the full year, decreased by 41% and 26% year-over year, respectively. SaaS Revenue of $13.6 million for the fourth qu
SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced it will release fourth quarter and full-year 2024 results and host a conference call on Wednesday, March 5, 2025. Fourth quarter and full-year 2024 financial results will be released before the market opens, and at 11:30 a.m. ET, Shane Paladin, the Company's newly appointed President and Chief Executive Officer, and Daryl Stemm, Chief Financial Officer, will host a conference call and webcast to discuss the Company's performance. The press release and supporting materials will be available in the Event
SmartRent, Inc. (NYSE:SMRT), a leading provider of smart communities and smart operations solutions for the rental housing industry, today announced it will release third quarter of financial year 2024 results and host a conference call on Wednesday, November 6. Third quarter 2024 financial results will be released before the market opens, and at 11:30 a.m. ET, John Dorman, Chairman of the Board, and Daryl Stemm, Chief Financial Officer and Interim Principal Executive Officer, will host a conference call and webcast to discuss the Company's performance. The press release and supporting materials will be available in the Events and Presentations section of the Company's Investor Relations we
Delivers Record SaaS Annual Recurring Revenue ("ARR") of $51.2 million in Q2 2024 SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), a leading provider of smart communities and smart operations solutions for the rental housing industry, today reported financial results for the three months ended June 30, 2024. Management is hosting an investor call to discuss results today, August 7, 2024, at 11:30 a.m. Eastern Time. Financial and Business Highlights for the Second Quarter 2024 Total Revenue of $48.5 million, decreased by 9 percent year-over year. SaaS Revenue of $12.8 million, increased by 32 percent year-over year. Net Loss of $(4.6) million, improved by 56 percent f
Lucas Haldeman Steps Down as CEO and Resigns from Board Board of Directors Forms Operating Committee to Oversee Company's Operations Management Committee of Current SmartRent Executives to Guide Company on Interim Basis Company Suspends Full-Year 2024 Outlook SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), a leading provider of smart communities and smart operations solutions for the rental housing industry, today announced a CEO transition plan under which Lucas Haldeman has stepped down from his position as Chief Executive Officer and resigned from the Board of Directors, effective July 29, 2024. John Dorman, the Board's lead independent director, has been appointed Ch
SmartRent, Inc. (NYSE:SMRT), a leading provider of smart communities and smart operations solutions for the rental housing industry, today announced it will release second quarter of financial year 2024 results and host a conference call on Wednesday, August 7. Second Quarter 2024 financial results will be released before the market opens, and at 11:30 a.m. ET, Lucas Haldeman, Chief Executive Officer, and Daryl Stemm, Chief Financial Officer, will host a conference call and webcast to discuss the Company's performance. The press release and supporting materials will be available in the Events and Presentations section of the Company's Investor Relations website. SmartRent Second Quarter 2
Sets New Record with $47.6 million SaaS Annual Recurring Revenue ("ARR") in Q1 2024 Confirms 2024 Growth Outlook; Enables Expansion and Innovation SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), a leading provider of smart home and property operations solutions for the rental housing industry, today reported financial results for the three months ended March 31, 2024. Management is hosting an investor call to discuss results today, May 8, 2024, at 11:30 a.m. Eastern Time. Financial and Business Highlights for the First Quarter 2024 Total Revenue of $50.5 million, decreased by 22 percent year-over year. SaaS Revenue of $11.9 million, increased by 32 percent year-over
SmartRent, Inc. (NYSE:SMRT), a leading provider of smart communities and smart operations solutions for the rental housing industry, today announced it will release first quarter of financial year 2024 results and host a conference call on Wednesday, May 8. First quarter 2024 financial results will be released before the market opens and, at 11:30 a.m. ET, Lucas Haldeman, Chief Executive Officer, and Daryl Stemm, Chief Financial Officer, will host a conference call and webcast to discuss the Company's performance. The press release and supporting materials will be available in the Events and Presentations section of the Company's Investor Relations website. SmartRent First Quarter 2024 Fi
Seasoned professional brings decades of real estate and finance industry experience SmartRent, Inc. (NYSE:SMRT), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the appointment of Thomas "Tom" Bohjalian to its Board of Directors. He will serve as a member of the Audit and Compensation Committees. Tom brings over 30 years of real estate and multifamily housing industry experience and public company governance to SmartRent's board. He currently serves as the board chair of Healthcare Realty Trust, Incorporated (NYSE:HR) and was previously on the board of directors for Apartment Income REIT Corporation (NYS
Growth and innovation-focused leader with a proven history of driving operational excellence and profitability to lead SmartRent's next chapter SmartRent Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the appointment of Frank Martell as President and Chief Executive Officer, effective immediately. Martell has been a member of SmartRent's Board of Directors and served on the Board's Audit and Nominating and Corporate Governance Committees since June 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/h
Shane Paladin Steps Down as President and CEO and Resigns from Board Chairman John Dorman Named Interim CEO SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities and smart operations solutions for the rental housing industry, today announced that, at the request of the Board of Directors, Shane Paladin has stepped down from his positions as President and CEO, and resigned from the Board, effective immediately. John Dorman, Chairman of the Board, has been appointed interim CEO and Alison Dean has been appointed lead independent director. The Board has reinitiated its search with an executive search firm to assist in finding SmartRent's next C
Accomplished Executive Brings Decades of Experience Driving Technology Innovation and Business Growth SmartRent, Inc. (NYSE:SMRT), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the appointment of Ana Pinczuk to its Board of Directors. She will serve as a member of the Compensation and Nominating and Corporate Governance Committees. Pinczuk brings more than 30 years of experience in leadership and executive roles across a variety of technology companies spanning AI, robotics, SaaS, data storage and cybersecurity. Most recently, she served as Chief Operating Officer of Dexterity, a leading AI robotics so
Transformative Leader and SaaS Veteran to Drive Company's Next Chapter of Growth and Innovation in Smart Home Technology for the Rental Housing Industry SmartRent Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the appointment of Michael Shane Paladin as its President and Chief Executive Officer, with an expected start date of February 24. In this role, Paladin will lead SmartRent's executive team as the Company strives to advance its market share and strategic vision of delivering smart living and working for the rental housing industry while optimizing ser
Initial portion of investment will power advancements in Smart Operations Solutions SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, confirmed the launch of its recently announced $10 million investment program. This investment will initially focus on driving innovation, new features and functionality for the Company's Smart Operations Solutions (formerly known as SightPlan, now "Smart Operations"), setting a new standard for property efficiency and performance in the rental housing industry. This press release features multimedia. View the full release here: htt
Debuting at a Starwood Capital Group property, Alloy Deadbolt+ is a hands-free smart lock designed specifically for rental housing SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the launch of Alloy Deadbolt+, a smart lock tailored specifically to the rental housing industry. Debuting first at a Starwood Capital Group property, Alloy Deadbolt+ expands on the security, functionality and convenience of smart locks through its integration with resident keys in Apple Wallet for a seamless resident experience. Residents with Alloy Deadbolt+ locks can e
SmartRent, Inc. (NYSE:SMRT), the leading provider of smart home and property operations solutions for the rental housing industry, today announced the appointment of Daryl Stemm as its Chief Financial Officer. Mr. Stemm, who has served as the Company's senior vice president of finance since 2021, brings four decades of experience in finance, accounting, treasury and risk management to the role. Prior to joining SmartRent, he held senior finance positions with Best Western Hotels and Invitation Homes (NYSE:INVH), and served as CFO at Home Director, Inc., and Catalyst Semiconductor, Inc. In his career, he has completed four IPOs and more than 10 mergers and acquisitions. He holds a Bachelor
Following SmartRent's acquisition of SightPlan in Q1, Danner will lead the sales team and growth of SmartRent's integrated offerings for multifamily owners and operators SmartRent, Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), a leading provider of smart home and smart building automation for residents, property owners, managers, developers and homebuilders, today announced the appointment of Terry Danner, CEO of multifamily workflow management leader SightPlan, as its Executive Vice President of Sales. The news follows SmartRent's acquisition of SightPlan in March 2022, which marked an advancement for SmartRent's cloud-based SaaS capabilities and services. In his new role, Danner will
Young will lead the pacesetting PropTech's marketing function SmartRent, Inc. (NYSE:SMRT) (the "Company" or "SmartRent"), a leading provider of smart home and smart building automation for property owners, managers, developers, homebuilders and residents, today announced the appointment of Robyn Young as the company's first chief marketing officer (CMO). In this new role, Young will be responsible for the Company's overall marketing strategy. Joining the team on May 9, 2022, she will be based at the Company's headquarters in Scottsdale, Ariz. "Robyn is a highly experienced, strong marketing leader who brings an impressive track record in commercial and mixed-use real estate and finance ex