Sequans Communications S.A. (NYSE:SQNS) Stock Has Average Target Price of $12.67

Sequans Communications S.A. (NYSE:SQNS) has been assigned an average recommendation of “Hold” from the five research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $12.67.

SQNS has been the topic of a number of recent research reports. Weiss Ratings cut shares of Sequans Communications from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. B. Riley Financial decreased their price target on Sequans Communications from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, August 24th. Roth Capital reduced their price objective on shares of Sequans Communications to $15.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Zacks Research raised shares of Sequans Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen raised Sequans Communications from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th.

Sequans Communications Stock Performance

NYSE SQNS opened at $2.70 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.39 and a quick ratio of 1.27. The company has a fifty day moving average price of $2.87 and a 200-day moving average price of $3.07. Sequans Communications has a 1 year low of $2.38 and a 1 year high of $8.50. The firm has a market cap of $40.39 million, a price-to-earnings ratio of -0.26 and a beta of 0.83.

Sequans Communications (NYSE:SQNS) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.20. The business had revenue of $7.50 million for the quarter, compared to analyst estimates of $7.12 million. Sequans Communications had a negative return on equity of 54.51% and a negative net margin of 637.49%. As a group, equities research analysts predict that Sequans Communications will post -2.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Credit Industriel ET Commercial raised its holdings in shares of Sequans Communications by 81.8% during the 1st quarter. Credit Industriel ET Commercial now owns 400,000 shares of the semiconductor company’s stock valued at $1,012,000 after buying an additional 180,000 shares in the last quarter. Palogic Value Management L.P. bought a new stake in shares of Sequans Communications in the 2nd quarter valued at about $511,000. Oddo BHF Asset Management Sas purchased a new stake in Sequans Communications during the 4th quarter valued at about $474,000. SmartHarvest Portfolios LLC bought a new stake in Sequans Communications in the first quarter valued at approximately $60,000. Finally, J. Derek Lewis & Associates Inc. bought a new position in shares of Sequans Communications in the fourth quarter worth approximately $85,000. Institutional investors own 63.33% of the company’s stock.

Sequans Communications Company Profile

Sequans Communications SA (NYSE: SQNS) is a fabless semiconductor company that develops cellular connectivity solutions for the Internet of Things (IoT). Its products are designed to connect devices and equipment to cellular networks without requiring traditional wired connections.

The company offers chipsets, modules and related software for a range of applications, including low-power wide-area IoT, broadband access and industrial connectivity. Its portfolio supports technologies such as LTE-M, NB-IoT, 4G LTE and 5G, serving use cases that include smart utility meters, asset tracking, connected healthcare devices, security systems, transportation and fixed wireless access.

Founded in 2003, Sequans is headquartered in France and serves customers internationally, including mobile network operators, original equipment manufacturers, module makers and other technology partners.