Sierra Wireless, Inc. (SW) Given Average Recommendation of “Hold” by Analysts
Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) has earned an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$30.00.
Separately, TD Securities dropped their price target on Sierra Wireless to C$36.00 and set a “hold” rating on the stock in a report on Friday.
In other Sierra Wireless news, Director Jason W. Cohenour sold 11,298 shares of Sierra Wireless stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of C$23.00, for a total transaction of C$259,854.00. Also, Director August Daniel Schieler sold 3,085 shares of Sierra Wireless stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of C$21.55, for a total transaction of C$66,481.75. Insiders sold 20,383 shares of company stock worth $464,936 in the last ninety days.
Sierra Wireless (TSE SW) traded down C$0.79 during trading on Friday, hitting C$27.96. The company’s stock had a trading volume of 416,600 shares.
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Sierra Wireless Company Profile
Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.
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