Sequans Communications S.A. (NYSE:SQNS) Receives $20.33 Consensus PT from Analysts

Sequans Communications S.A. (NYSE:SQNS) has been given an average recommendation of “Hold” by the five brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $20.3333.

Several equities research analysts recently weighed in on the company. B. Riley Financial cut their price objective on Sequans Communications from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Wall Street Zen raised Sequans Communications from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sequans Communications in a report on Friday, March 27th. Finally, Zacks Research downgraded Sequans Communications from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th.

Sequans Communications Trading Up 3.8%

NYSE SQNS opened at $4.20 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 0.02. Sequans Communications has a twelve month low of $2.38 and a twelve month high of $58.30. The company has a market cap of $60.21 million, a price-to-earnings ratio of -0.31 and a beta of 0.66. The business’s fifty day moving average is $3.13 and its 200 day moving average is $4.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC acquired a new position in Sequans Communications during the 4th quarter worth about $1,337,000. Yorkville Advisors Global LP acquired a new position in Sequans Communications during the 3rd quarter worth about $7,218,000. Credit Industriel ET Commercial lifted its holdings in Sequans Communications by 214.3% during the 4th quarter. Credit Industriel ET Commercial now owns 220,000 shares of the semiconductor company’s stock worth $988,000 after buying an additional 150,000 shares during the period. Quadrature Capital Ltd acquired a new position in Sequans Communications during the 4th quarter worth about $101,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Sequans Communications during the 4th quarter worth about $443,000. 63.33% of the stock is owned by institutional investors and hedge funds.

About Sequans Communications

Sequans Communications is a fabless semiconductor company specializing in cellular IoT and broadband connectivity solutions. The company designs and delivers a range of LTE and 5G chips, modules and connectivity platforms that enable low-power wide-area (LPWA) networking as well as high-speed broadband services. Sequans’s products are targeted at Internet of Things (IoT) applications, including smart metering, industrial automation, smart cities and consumer electronics, as well as more data-intensive use cases such as fixed wireless access and private networks.

The company’s portfolio includes single-mode LTE chipsets for narrowband IoT (NB-IoT) and LTE-M, multi-mode platforms that combine LTE and 5G New Radio (NR) support, and modules that integrate RF front-ends, power management and embedded software.