Sequans Communications S.A. (NYSE:SQNS) Receives $18.00 Consensus PT from Analysts

Sequans Communications S.A. (NYSE:SQNS) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $18.00.

Several research analysts recently commented on the company. Lake Street Capital assumed coverage on Sequans Communications in a research note on Wednesday, December 10th. They issued a “buy” rating and a $18.00 price objective for the company. B. Riley Securities dropped their target price on shares of Sequans Communications from $11.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday. B. Riley Financial reduced their target price on shares of Sequans Communications from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Sequans Communications in a research note on Monday, December 29th.

Sequans Communications Price Performance

Shares of Sequans Communications stock opened at $3.22 on Wednesday. The stock has a market capitalization of $46.15 million, a P/E ratio of -0.26 and a beta of 0.29. The business has a 50 day simple moving average of $4.90 and a two-hundred day simple moving average of $7.43. Sequans Communications has a 12 month low of $3.01 and a 12 month high of $58.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.89 and a quick ratio of 0.87.

Insider Buying and Selling

In other Sequans Communications news, major shareholder Daniel Asher bought 12,300 shares of the firm’s stock in a transaction on Monday, January 26th. The shares were acquired at an average cost of $5.12 per share, with a total value of $62,976.00. Following the purchase, the insider directly owned 140,011,100 shares of the company’s stock, valued at $716,856,832. This trade represents a 0.01% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders have bought 223,032 shares of company stock valued at $1,194,030. 9.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sequans Communications

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in Sequans Communications in the 3rd quarter valued at about $26,000. Boothbay Fund Management LLC increased its holdings in shares of Sequans Communications by 1.5% during the 2nd quarter. Boothbay Fund Management LLC now owns 1,673,609 shares of the semiconductor company’s stock worth $2,460,000 after buying an additional 25,000 shares during the last quarter. Marshall Wace LLP raised its position in shares of Sequans Communications by 30.8% during the 4th quarter. Marshall Wace LLP now owns 145,424 shares of the semiconductor company’s stock valued at $653,000 after buying an additional 34,231 shares during the period. Meteora Capital LLC acquired a new position in Sequans Communications in the second quarter valued at approximately $74,000. Finally, Krilogy Financial LLC acquired a new position in Sequans Communications in the third quarter valued at approximately $568,000. 63.33% of the stock is owned by hedge funds and other institutional investors.

About Sequans Communications

Sequans Communications is a fabless semiconductor company specializing in cellular IoT and broadband connectivity solutions. The company designs and delivers a range of LTE and 5G chips, modules and connectivity platforms that enable low-power wide-area (LPWA) networking as well as high-speed broadband services. Sequans’s products are targeted at Internet of Things (IoT) applications, including smart metering, industrial automation, smart cities and consumer electronics, as well as more data-intensive use cases such as fixed wireless access and private networks.

The company’s portfolio includes single-mode LTE chipsets for narrowband IoT (NB-IoT) and LTE-M, multi-mode platforms that combine LTE and 5G New Radio (NR) support, and modules that integrate RF front-ends, power management and embedded software.