Equities research analysts at National Securities initiated coverage on shares of Sonim Technologies (NASDAQ:SONM) in a report released on Monday, Marketbeat reports. The firm set a “neutral” rating and a $16.13 price target on the stock. National Securities’ target price points to a potential downside of 4.67% from the company’s current price.

SONM has been the topic of a number of other reports. Oppenheimer assumed coverage on shares of Sonim Technologies in a report on Tuesday, June 4th. They issued an “outperform” rating and a $18.00 price target on the stock. Lake Street Capital assumed coverage on shares of Sonim Technologies in a report on Tuesday, June 4th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, CIBC assumed coverage on shares of Sonim Technologies in a report on Tuesday, June 4th. They issued an “outperform” rating and a $18.00 price target on the stock.

Shares of Sonim Technologies stock opened at $16.92 on Monday. Sonim Technologies has a 12-month low of $9.66 and a 12-month high of $18.26.

In related news, Director John Kneuer bought 3,147 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of $16.98 per share, with a total value of $53,436.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Plaschke sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $10.23, for a total transaction of $306,900.00. The disclosure for this sale can be found here.

Sonim Technologies Company 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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