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 |
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
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 announced that it granted inducement awards under its 2025 Inducement Equity Incentive Plan (the "Plan") to Michael Shane Paladin, SmartRent's President and Chief Executive Officer, as inducement awards in connection with the commencement of his employment. The Plan was adopted by SmartRent's Board of Directors and Compensation Committee in January 2025. As provided for in Mr. Paladin's employment letter with SmartRent and previously described in the Current Report on Form 8-K filed by SmartRent with the Securitie
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
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
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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
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
Okamoto's experience spans finance and business development to entrepreneurship and investment 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 Hiroshi Okamoto as chief financial officer (CFO). Joining the Company on May 9, 2022, he will be based at SmartRent's headquarters in Scottsdale, Ariz. "Hiroshi will play an important role in SmartRent's operational excellence," said Lucas Haldeman, CEO of SmartRent. "He brings an impressive track record of leadership in strategy, finance and accounting across early-stag
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 Brian Roberts as Chief Legal Officer. Mr. Roberts, a seasoned public company executive with over 20 years of corporate legal experience, will oversee all legal, corporate governance and compliance matters for the Company. Mr. Roberts joins SmartRent after nine years as General Counsel with Grand Canyon University where he led a broad range of legal initiatives including real estate acquisitions, drafting and closing a variety of agreements and transactions, managi