13,753 Shares in Sonim Technologies Inc (NASDAQ:SONM) Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC acquired a new position in shares of Sonim Technologies Inc (NASDAQ:SONM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,753 shares of the company’s stock, valued at approximately $175,000. Tower Research Capital LLC TRC owned approximately 0.07% of Sonim Technologies at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SONM. B. Riley Financial Inc. purchased a new stake in Sonim Technologies in the 2nd quarter valued at about $28,168,000. Wasatch Advisors Inc. purchased a new stake in Sonim Technologies in the 2nd quarter valued at about $8,113,000. BlackRock Inc. purchased a new stake in Sonim Technologies in the 2nd quarter valued at about $2,083,000. Russell Investments Group Ltd. purchased a new stake in Sonim Technologies in the 2nd quarter valued at about $1,210,000. Finally, Calamos Advisors LLC purchased a new stake in Sonim Technologies in the 2nd quarter valued at about $1,160,000. Hedge funds and other institutional investors own 46.28% of the company’s stock.

Several research firms have commented on SONM. Oppenheimer began coverage on Sonim Technologies in a report on Tuesday, June 4th. They issued an “outperform” rating and a $18.00 price target for the company. National Securities upgraded Sonim Technologies from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, July 9th. UBS Group restated an “outperform” rating and issued a $6.00 price target (down previously from $18.00) on shares of Sonim Technologies in a report on Wednesday, September 11th. Zacks Investment Research raised Sonim Technologies from a “sell” rating to a “hold” rating in a research note on Friday. Finally, B. Riley reduced their price objective on Sonim Technologies from $18.00 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $13.36.



Shares of NASDAQ SONM traded down $0.02 during midday trading on Tuesday, hitting $3.03. The stock had a trading volume of 88,954 shares, compared to its average volume of 254,467. Sonim Technologies Inc has a 1-year low of $3.00 and a 1-year high of $18.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.25 and a quick ratio of 1.53. The business has a fifty day moving average of $6.71.

Sonim Technologies (NASDAQ:SONM) last released its quarterly earnings data on Wednesday, July 24th. The company reported ($0.05) earnings per share 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 analyst estimates of $42.60 million. On average, equities research analysts expect that Sonim Technologies Inc will post -0.54 EPS for the current fiscal year.

Sonim Technologies Profile

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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Institutional Ownership by Quarter for Sonim Technologies (NASDAQ:SONM)

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