B. Riley Begins Coverage on Sequans Communications (SQNS)

Research analysts at B. Riley initiated coverage on shares of Sequans Communications (NYSE:SQNS) in a research report issued to clients and investors on Wednesday, January 17th. The brokerage set a “buy” rating and a $3.25 price target on the semiconductor company’s stock. B. Riley’s price target would indicate a potential upside of 113.82% from the stock’s current price. B. Riley also issued estimates for Sequans Communications’ FY2017 earnings at ($0.29) EPS, Q1 2018 earnings at ($0.08) EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at ($0.04) EPS, FY2018 earnings at ($0.22) EPS, Q1 2019 earnings at ($0.04) EPS, Q2 2019 earnings at ($0.03) EPS, Q3 2019 earnings at ($0.02) EPS, Q4 2019 earnings at ($0.01) EPS and FY2019 earnings at ($0.09) EPS.

A number of other research firms have also issued reports on SQNS. Needham & Company LLC reissued a “buy” rating and set a $3.00 price target (down from $4.00) on shares of Sequans Communications in a research report on Wednesday, October 4th. Benchmark reduced their price target on shares of Sequans Communications from $5.50 to $4.00 and set a “buy” rating for the company in a research report on Thursday, October 5th. Zacks Investment Research raised shares of Sequans Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Canaccord Genuity reissued a “buy” rating and set a $4.25 price target (down from $6.00) on shares of Sequans Communications in a research report on Thursday, October 5th. Finally, ValuEngine lowered shares of Sequans Communications from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Three investment analysts have rated the stock with a sell rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $3.86.

Sequans Communications (NYSE:SQNS) traded down $0.03 during mid-day trading on Wednesday, reaching $1.52. 1,019,021 shares of the company were exchanged, compared to its average volume of 497,271. Sequans Communications has a one year low of $1.44 and a one year high of $4.75. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.80. The firm has a market cap of $140.36, a PE ratio of -4.90 and a beta of 2.35.

Several large investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL purchased a new stake in Sequans Communications in the 2nd quarter worth $162,000. Citadel Advisors LLC purchased a new stake in Sequans Communications in the 4th quarter worth $198,000. Verition Fund Management LLC purchased a new stake in Sequans Communications in the 2nd quarter worth $220,000. Gradient Investments LLC increased its holdings in Sequans Communications by 47.2% in the 4th quarter. Gradient Investments LLC now owns 165,825 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 53,184 shares in the last quarter. Finally, Virtu KCG Holdings LLC purchased a new stake in Sequans Communications in the 2nd quarter worth $402,000. 31.55% of the stock is owned by hedge funds and other institutional investors.

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About Sequans Communications

Sequans Communications SA is a fabless designer, developer and supplier of fourth Generation long term evolution (4G LTE) semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. Its semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks.

Analyst Recommendations for Sequans Communications (NYSE:SQNS)

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