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

Sequans Communications S.A. (NYSE:SQNS) has earned a consensus rating of “Hold” from the five ratings firms that are currently 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 target price among brokerages that have issued ratings on the stock in the last year is $12.67.

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

Sequans Communications Stock Performance

Shares of NYSE:SQNS traded down $0.02 during trading on Thursday, reaching $2.77. The company had a trading volume of 46,039 shares, compared to its average volume of 139,579. The firm has a market capitalization of $41.49 million, a price-to-earnings ratio of -0.26 and a beta of 0.83. 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 stock’s fifty day moving average price is $2.85 and its 200 day moving average price is $3.08. Sequans Communications has a fifty-two week low of $2.38 and a fifty-two week high of $9.74.

Sequans Communications (NYSE:SQNS) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.20. Sequans Communications had a negative net margin of 637.49% and a negative return on equity of 54.51%. The business had revenue of $7.50 million for the quarter, compared to analyst estimates of $7.12 million. As a group, equities research analysts predict that Sequans Communications will post -2.83 EPS for the current year.

Institutional Trading of Sequans Communications

Several large investors have recently bought and sold shares of SQNS. Credit Industriel ET Commercial increased its position in shares of Sequans Communications by 81.8% in the first 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. purchased a new stake in shares of Sequans Communications in the 2nd quarter worth about $511,000. Oddo BHF Asset Management Sas purchased a new stake in shares of Sequans Communications in the 4th quarter worth about $474,000. SmartHarvest Portfolios LLC acquired a new stake in Sequans Communications in the 1st quarter valued at about $60,000. Finally, J. Derek Lewis & Associates Inc. purchased a new position in Sequans Communications during the 4th quarter valued at about $85,000. Institutional investors and hedge funds 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.