Added to YB: 2025-02-11
Pitch date: 2025-02-10
SMRT [bullish]
SmartRent, Inc.
+18.05%
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
$286.9M
Pitch Price
$1.33
Price Target
6.00 (+282%)
Dividend
N/A
Sector
Electronic Equipment, Instruments and Components
Category
value
SMRT at 0.5x Sales: A Takeover Target with 450% Upside?
SMRT long: Subscription software for multifamily properties, 64% of $256M cap in cash. TEV $92M, 0.5x sales. $75M sub sales, $50M sub GP. 1.2x sub sales, 1.8x sub GP. Activist involved. 10-20x sub GP = $3.50-$6/share (263-450% upside). Downside protected by cash & sticky subs.
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