Sequans Communications S.A. (NYSE:SQNS) Receives Consensus Rating of “Moderate Buy” from Analysts

Sequans Communications S.A. (NYSE:SQNS) has been assigned an average rating of “Moderate Buy” from the four brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $20.3333.

A number of research firms have recently commented on SQNS. B. Riley Financial dropped their target price on Sequans Communications from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Sequans Communications in a research report on Monday, December 29th. Finally, Lake Street Capital began coverage on Sequans Communications in a report on Wednesday, December 10th. They issued a “buy” rating and a $18.00 price objective on the stock.

Insider Transactions at Sequans Communications

In related news, major shareholder Daniel Asher acquired 12,300 shares of Sequans Communications stock in a transaction on Monday, January 26th. The stock was bought at an average cost of $5.12 per share, for a total transaction of $62,976.00. Following the completion of the transaction, the insider owned 140,011,100 shares of the company’s stock, valued at approximately $716,856,832. The trade was a 0.01% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have acquired 223,032 shares of company stock valued at $1,194,030. 9.40% of the stock is currently owned by company insiders.

Institutional Trading of Sequans Communications

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE acquired a new position in shares of Sequans Communications during the 3rd quarter worth about $26,000. Meteora Capital LLC acquired a new position in shares of Sequans Communications during the second quarter valued at approximately $74,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Sequans Communications during the fourth quarter valued at approximately $443,000. Oddo BHF Asset Management Sas purchased a new position in shares of Sequans Communications in the fourth quarter valued at approximately $474,000. Finally, Krilogy Financial LLC acquired a new stake in shares of Sequans Communications in the third quarter worth approximately $568,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

Sequans Communications Stock Performance

SQNS opened at $3.05 on Wednesday. The firm has a fifty day moving average price of $4.76 and a 200 day moving average price of $7.21. Sequans Communications has a 1 year low of $2.97 and a 1 year high of $58.30. The stock has a market cap of $43.71 million, a P/E ratio of -0.24 and a beta of 0.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.89 and a quick ratio of 0.79.

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.