Lake Street Capital Begins Coverage on Sonim Technologies (SONM)

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Lake Street Capital assumed coverage on shares of Sonim Technologies (NASDAQ:SONM) in a research report report published on Tuesday morning, Automated Import reports. The brokerage issued a buy rating and a $19.00 target price on the stock.

Separately, Oppenheimer initiated coverage on Sonim Technologies in a report on Tuesday. They issued an outperform rating and a $18.00 target price on the stock.

Shares of SONM stock opened at $16.13 on Tuesday. Sonim Technologies has a fifty-two week low of $9.66 and a fifty-two week high of $18.26.

In related news, CEO Robert Plaschke sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $10.23, for a total transaction of $306,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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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