Sequans Communications (NYSE:SQNS) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Sequans Communications (NYSE:SQNS) in a research report issued on Friday. The brokerage set a “sell” rating on the semiconductor company’s stock.

Separately, Roth Mkm reissued a “buy” rating and issued a $3.00 target price on shares of Sequans Communications in a research report on Monday, August 26th.

Sequans Communications Stock Performance

Shares of SQNS stock opened at $1.11 on Friday. Sequans Communications has a fifty-two week low of $0.34 and a fifty-two week high of $2.97. The firm has a market cap of $68.75 million, a P/E ratio of -1.41 and a beta of 0.23. The business’s 50 day moving average price is $0.63 and its 200-day moving average price is $0.64.

Sequans Communications (NYSE:SQNS) last posted its earnings results on Tuesday, June 18th. The semiconductor company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. Sequans Communications had a negative net margin of 172.27% and a negative return on equity of 1,229.91%. The firm had revenue of $6.03 million during the quarter, compared to analysts’ expectations of $7.20 million. As a group, equities analysts predict that Sequans Communications will post -0.51 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Black Maple Capital Management LP bought a new position in shares of Sequans Communications during the fourth quarter valued at approximately $43,000. Vazirani Asset Management LLC purchased a new stake in shares of Sequans Communications in the 4th quarter worth approximately $1,840,000. Finally, Bardin Hill Management Partners LP bought a new position in Sequans Communications during the 4th quarter valued at approximately $2,497,000. 63.33% of the stock is owned by hedge funds and other institutional investors.

Sequans Communications Company Profile

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.