Added to YB: 2025-07-21
Pitch date: 2025-06-02
SMRT [bullish]
SmartRent, Inc.
+149.4%
current return
Author Info
No bio for this author
Company Info
SmartRent, Inc., an enterprise real estate technology company, provides management software and applications to rental property owners and operators, property managers, homebuilders, developers, and residents in the United States and internationally.
Market Cap
$274.3M
Pitch Price
$0.83
Price Target
1.30 (-37%)
Dividend
N/A
EV/EBITDA
-4.26
P/E
-4.02
EV/Sales
1.19
Sector
Electronic Equipment, Instruments and Components
Category
turnaround
SmartRent, Inc. - $SMRT
SMRT: Trading at just 0.6x SaaS revenue ($56M run-rate, growing mid-teens) and 7.5% above net working capital minus liabilities ($0.76/share). CEO turmoil and weak bookings drove selloff. Expected to reach cash flow breakeven by year-end after Q2 severance costs. Conservative 2x SaaS valuation implies 40-58% upside; 100%+ if growth reaccelerates. Catalysts: new CEO, reduced cash burn, potential PE interest.
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