Sequans Communications S.A. (SQNS) – What Are Investment Firms Saying About This Stock?

Sequans Communications S.A. (NYSE:SQNS) has earned an average rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $12.67.

A number of analysts have recently issued reports on SQNS shares. Wall Street Zen raised Sequans Communications from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. 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 dropped their target price on Sequans Communications from $8.00 to $5.00 and set a “buy” rating for the company in a report on Monday, August 24th. Finally, Roth Capital dropped their price target on Sequans Communications to $15.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th.

Institutional Trading of Sequans Communications

A hedge fund recently raised its stake in Sequans Communications stock. Credit Industriel ET Commercial raised its stake in shares of Sequans Communications S.A. (NYSE:SQNS) by 81.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 400,000 shares of the semiconductor company’s stock after buying an additional 180,000 shares during the period. Credit Industriel ET Commercial owned approximately 2.79% of Sequans Communications worth $1,012,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 63.33% of the company’s stock.

Sequans Communications Price Performance

SQNS opened at $2.67 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.39 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $2.73 and a 200 day simple moving average of $3.13. The stock has a market cap of $40.07 million, a P/E ratio of -0.26 and a beta of 0.84. Sequans Communications has a 12 month low of $2.31 and a 12 month high of $6.98.

Sequans Communications (NYSE:SQNS) last announced its earnings results on Tuesday, November 3rd. The semiconductor company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.50. The firm had revenue of $9.09 million for the quarter, compared to the consensus estimate of $8.97 million. Sequans Communications had a negative return on equity of 54.51% and a negative net margin of 637.49%. On average, research analysts expect that Sequans Communications will post -2.75 EPS for the current year.

Sequans Communications Company Profile

Sequans Communications SA is a fabless semiconductor company that develops cellular connectivity solutions for the Internet of Things (IoT). Its technology is designed to connect devices and equipment to 4G and 5G networks, supporting applications such as asset tracking, smart metering, industrial monitoring, security systems, and connected consumer products.

The company offers chipsets, modules, and related software for several cellular IoT applications. Its product portfolio has included solutions for LTE-M and NB-IoT, which are intended for low-power, wide-area connectivity, as well as products supporting broader 4G and 5G applications.