Smartrent Inc is a technology company that specializes in providing smart home automation solutions for the rental housing market. The company develops and offers a comprehensive platform that enables property owners and managers to enhance tenant experiences through the integration of smart devices, such as keyless entry systems, temperature controls, and security features. By leveraging IoT technology, Smartrent's solutions streamline property management operations, improve energy efficiency, and enhance overall tenant satisfaction, ultimately transforming traditional rental spaces into modern, connected living environments. Read More
Shares of smart home company SmartRent (NYSE:SMRT) fell 29.5% in the morning session after the company announced that sales for Q1 2025 would fall 18-20% compared to the previous year, raising concerns about weakening demand and competitive pressures which could negatively impact investor confidence and future growth prospects. Compounding the uncertainty, President and CEO Shane Paladin resigned, prompting the board to appoint Chairman John Dorman as interim CEO. The leadership transition, particularly during a period of financial underperformance, may deepen market anxiety regarding the stability of the business while the board searches for a permanent successor.
Stay up-to-date with the latest market trends one hour before the close of the markets on Thursday. Explore the top gainers and losers during today's session in our detailed report.
Stay up-to-date with the latest market trends in the middle of the day on Thursday. Explore the top gainers and losers during today's session in our detailed report.
Let's delve into the US markets on Thursday and uncover the stocks that are experiencing notable gaps in today's session. Below, you'll find the gap up and gap down stocks.
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 CEO and is already in the process of identifying and evaluating candidates. Paladin will remain with the Company in an advisory role for three months to ensure a smooth transition.
SmartRent’s stock price has taken a beating over the past six months, shedding 41.8% of its value and falling to a new 52-week low of $0.96 per share. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
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 management.
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.
Smart home company SmartRent (NYSE:SMRT) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 41.3% year on year to $35.37 million. Its GAAP loss of $0.06 per share was $0.03 below analysts’ consensus estimates.
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.
Since August 2024, SmartRent has been in a holding pattern, posting a small return of 4.9% while floating around $1.51. The stock also fell short of the S&P 500’s 12.2% gain during that period.
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 Events and Presentations section of the Company’s Investor Relations website.
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.
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 service and performance for its customers, site teams and resident users.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Rockwell Automation (NYSE:ROK) and the rest of the internet of things stocks fared in Q3.
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.
SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, is thrilled to announce its recognition as a 2024 Multi-Housing News Excellence Award Winner in the “Best Technology” category. This accolade highlights SmartRent's commitment to transforming multifamily housing through advanced and scalable technology solutions, marking the company’s second win in this category following its first recognition in 2020.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Vontier (NYSE:VNT) and the rest of the internet of things stocks fared in Q3.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the internet of things industry, including Trimble (NASDAQ:TRMB) and its peers.
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 easily and securely add their resident keys to Apple Wallet and unlock their apartment unit or key-protected common areas with a simple tap of an iPhone or Apple Watch — eliminating the need to use a traditional, physical key.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at SmartRent (NYSE:SMRT) and the best and worst performers in the internet of things industry.
