SmartRent: Mixed Q2 Results But Massive De-Risking

Company Overview - SmartRent (NYSE: SMRT) is a provider of smart home and smart property solutions specifically for the multifamily industry [1] - The company went public via SPAC in 2021 and has faced challenges related to the clarity of its vision since then [1] Investment Highlights - The article mentions notable investment coverage for other companies, including ADTH and LUMN, with specific buy prices and acquisition details [1] - ADTH was first covered with a "Buy" rating at $1.24 in September 2023, followed by a second coverage at $1.20 in November 2023, and was acquired for $3.21 per share in June 2024 [1] - LUMN was first covered with a "Buy" rating at $1.39 in September 2023, followed by a second coverage at $1.18 in November 2023, and a downgrade after selling the full position at $6.08 in October 2024 [1] Analyst Position - The company has a beneficial long position in the shares of SmartRent through stock ownership, options, or other derivatives [1]