Sequans Communications SA (NYSE:SQNS) has received an average recommendation of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $3.68.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Sequans Communications from a “hold” rating to a “sell” rating in a research report on Friday, July 6th. ValuEngine upgraded shares of Sequans Communications from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Needham & Company LLC lowered their price target on shares of Sequans Communications from $3.00 to $2.50 and set a “buy” rating on the stock in a research report on Wednesday, August 1st.

Shares of SQNS opened at $1.62 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65. Sequans Communications has a twelve month low of $1.44 and a twelve month high of $3.65. The stock has a market cap of $129.64 million, a price-to-earnings ratio of -5.23 and a beta of 2.16.

Sequans Communications (NYSE:SQNS) last issued its earnings results on Tuesday, July 31st. The semiconductor company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.01). Sequans Communications had a negative return on equity of 298.34% and a negative net margin of 67.53%. The company had revenue of $12.70 million for the quarter, compared to analyst estimates of $13.49 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. equities analysts anticipate that Sequans Communications will post -0.28 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in SQNS. Numen Capital LLP grew its position in shares of Sequans Communications by 114.0% in the first quarter. Numen Capital LLP now owns 428,000 shares of the semiconductor company’s stock valued at $718,000 after purchasing an additional 228,000 shares during the last quarter. Nokomis Capital L.L.C. grew its position in shares of Sequans Communications by 67.9% in the first quarter. Nokomis Capital L.L.C. now owns 7,628,513 shares of the semiconductor company’s stock valued at $12,816,000 after purchasing an additional 3,084,000 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Sequans Communications in the second quarter valued at approximately $164,000. Gradient Investments LLC grew its position in shares of Sequans Communications by 29.3% in the second quarter. Gradient Investments LLC now owns 452,031 shares of the semiconductor company’s stock valued at $922,000 after purchasing an additional 102,559 shares during the last quarter. Finally, Banque Pictet & Cie SA acquired a new stake in shares of Sequans Communications in the second quarter valued at approximately $326,000. Institutional investors and hedge funds own 37.15% of the company’s stock.

About Sequans Communications

Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.

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Analyst Recommendations for Sequans Communications (NYSE:SQNS)

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