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

Shares of Sequans Communications S.A. (NYSE:SQNS) have received an average recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1 year target price 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 analyst reports. B. Riley Financial lowered their target price on Sequans Communications from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Monday, August 24th. Weiss Ratings cut Sequans Communications from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded Sequans Communications from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Roth Capital decreased their price objective on Sequans Communications to $15.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th.

Sequans Communications Stock Down 2.7%

Sequans Communications stock opened at $2.67 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.27 and a current ratio of 1.39. The firm has a market capitalization of $40.07 million, a price-to-earnings ratio of -0.26 and a beta of 0.84. Sequans Communications has a fifty-two week low of $2.31 and a fifty-two week high of $6.98. The stock’s fifty day moving average is $2.75 and its two-hundred day moving average is $3.16.

Sequans Communications (NYSE:SQNS) last issued its quarterly earnings data on Tuesday, November 3rd. The semiconductor company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.50. The firm had revenue of $9.09 million for the quarter, compared to analysts’ expectations of $8.97 million. Sequans Communications had a negative net margin of 516.47% and a negative return on equity of 65.85%. Analysts predict that Sequans Communications will post -2.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Sequans Communications stock. Palogic Value Management L.P. purchased a new position in shares of Sequans Communications S.A. (NYSE:SQNS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 150,209 shares of the semiconductor company’s stock, valued at approximately $511,000. Palogic Value Management L.P. owned approximately 1.00% of Sequans Communications at the end of the most recent reporting period. 63.33% of the stock is owned by institutional investors and hedge funds.

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.