Calamos Advisors LLC bought a new position in shares of Sonim Technologies Inc (NASDAQ:SONM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 91,081 shares of the company’s stock, valued at approximately $1,160,000. Calamos Advisors LLC owned about 0.47% of Sonim Technologies at the end of the most recent quarter.
Several research firms have recently weighed in on SONM. National Securities upgraded Sonim Technologies from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Tuesday, July 9th. CIBC began coverage on Sonim Technologies in a research report on Tuesday, June 4th. They set an “outperform” rating and a $18.00 target price for the company. Lake Street Capital began coverage on Sonim Technologies in a research report on Tuesday, June 4th. They set a “buy” rating and a $19.00 target price for the company. B. Riley began coverage on Sonim Technologies in a research report on Thursday, July 18th. They set a “buy” rating and a $17.00 target price for the company. Finally, Zacks Investment Research upgraded Sonim Technologies from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Thursday, August 22nd. Six investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $16.25.
Shares of Sonim Technologies stock opened at $7.58 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.53 and a current ratio of 2.25. Sonim Technologies Inc has a 12 month low of $7.00 and a 12 month high of $18.26. The company’s fifty day moving average price is $10.46.
Sonim Technologies (NASDAQ:SONM) last announced its quarterly earnings results on Wednesday, July 24th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $43.75 million during the quarter, compared to analysts’ expectations of $42.60 million. Sell-side analysts predict that Sonim Technologies Inc will post 0.14 earnings per share for the current year.
In other news, Director John Kneuer purchased 3,147 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were purchased at an average price of $16.98 per share, for a total transaction of $53,436.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
About Sonim Technologies
Sonim Technologies, Inc provides ruggedized mobile phones and accessories for task workers. It offers ruggedized mobile phones, such as Sonim XP8, Sonim XP5s, and Sonim XP3 based on the Android platform that are capable of attaching to public and private wireless networks; industrial-grade accessories, including remote speaker microphones, multi-bay charging accessories, and in-vehicle hands-free voice communications solutions; and cloud-based software and application services.
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