Sierra Wireless Sees Unusually High Options Volume (NASDAQ:SWIR)

Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) was the target of unusually large options trading activity on Thursday. Stock traders acquired 688 call options on the stock. This represents an increase of 1,129% compared to the typical daily volume of 56 call options.

A number of institutional investors and hedge funds have recently made changes to their positions in SWIR. UBS Group AG boosted its position in Sierra Wireless by 89.2% during the 1st quarter. UBS Group AG now owns 4,095 shares of the communications equipment provider’s stock valued at $60,000 after buying an additional 1,931 shares during the period. Barclays PLC boosted its position in Sierra Wireless by 9,983.3% during the 1st quarter. Barclays PLC now owns 7,260 shares of the communications equipment provider’s stock valued at $107,000 after buying an additional 7,188 shares during the period. Trexquant Investment LP purchased a new stake in Sierra Wireless during the 4th quarter valued at $148,000. Aperio Group LLC purchased a new stake in Sierra Wireless during the 4th quarter valued at $163,000. Finally, BlackRock Inc. purchased a new stake in Sierra Wireless during the 1st quarter valued at $194,000. 46.44% of the stock is owned by institutional investors and hedge funds.

Shares of Sierra Wireless stock opened at $13.56 on Friday. Sierra Wireless has a 52-week low of $7.51 and a 52-week high of $22.22. The stock has a market capitalization of $500.24 million, a price-to-earnings ratio of -8.07 and a beta of 2.36. The company has a fifty day moving average of $14.91 and a 200-day moving average of $15.46. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.39 and a current ratio of 1.55.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last announced its quarterly earnings data on Thursday, May 13th. The communications equipment provider reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.07. Sierra Wireless had a negative net margin of 10.39% and a negative return on equity of 14.35%. On average, equities research analysts forecast that Sierra Wireless will post -1.78 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the stock. National Bank Financial cut shares of Sierra Wireless from a “sector perform” rating to an “underperform” rating and boosted their price target for the stock from $13.00 to $15.00 in a report on Monday, January 25th. B. Riley began coverage on shares of Sierra Wireless in a report on Thursday, January 14th. They set a “buy” rating and a $23.50 price target on the stock. Roth Capital boosted their target price on shares of Sierra Wireless from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, January 25th. Canaccord Genuity boosted their target price on shares of Sierra Wireless from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, March 2nd. Finally, Royal Bank of Canada boosted their target price on shares of Sierra Wireless from $13.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.29.

Sierra Wireless Company Profile

Sierra Wireless, Inc, together with its subsidiaries, provides device-to-cloud Internet of Things (IoT) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The IoT Solutions segment offers recurring connectivity services, cloud management software, and cellular modules and gateways.

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