B. Riley Initiates Coverage on Sequans Communications (SQNS)

B. Riley began coverage on shares of Sequans Communications (NYSE:SQNS) in a research report released on Wednesday morning. The brokerage issued a buy rating and a $3.25 price objective on the semiconductor company’s stock. 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.

Several other equities analysts also recently weighed in on SQNS. Benchmark cut their target price on Sequans Communications from $5.50 to $4.00 and set a buy rating on the stock in a research report on Thursday, October 5th. Canaccord Genuity reissued a buy rating and set a $4.25 target price (down previously from $6.00) on shares of Sequans Communications in a research report on Thursday, October 5th. Roth Capital began coverage on Sequans Communications in a research report on Friday, January 5th. They set a buy rating and a $4.00 target price on the stock. Needham & Company LLC reissued a buy rating and set a $3.00 target price (down previously from $4.00) on shares of Sequans Communications in a research report on Wednesday, October 4th. Finally, Northland Securities reissued a buy rating and set a $5.00 target price on shares of Sequans Communications in a research report on Friday, September 22nd. Three investment analysts have rated the stock with a sell rating and seven have issued a buy rating to the stock. Sequans Communications has a consensus rating of Hold and an average target price of $3.86.

Shares of Sequans Communications (NYSE:SQNS) opened at $1.82 on Wednesday. Sequans Communications has a twelve month low of $1.68 and a twelve month high of $4.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.95 and a current ratio of 1.17.

Sequans Communications (NYSE:SQNS) last issued its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.07). The business had revenue of $11.30 million for the quarter, compared to analysts’ expectations of $11.08 million. Sequans Communications had a negative return on equity of 256.90% and a negative net margin of 46.93%. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.07) EPS. research analysts anticipate that Sequans Communications will post -0.28 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. AWM Investment Company Inc. grew its position in Sequans Communications by 5.6% in the 2nd quarter. AWM Investment Company Inc. now owns 7,727,240 shares of the semiconductor company’s stock valued at $25,577,000 after acquiring an additional 407,010 shares during the last quarter. Thrivent Financial For Lutherans bought a new position in Sequans Communications in the 2nd quarter valued at $3,294,000. Cooper Creek Partners Management LLC bought a new position in Sequans Communications in the 2nd quarter valued at $3,186,000. Gilder Gagnon Howe & Co. LLC grew its position in Sequans Communications by 18.5% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 918,053 shares of the semiconductor company’s stock valued at $2,883,000 after acquiring an additional 143,203 shares during the last quarter. Finally, EAM Investors LLC bought a new position in Sequans Communications in the 2nd quarter valued at $1,741,000. 31.77% of the stock is currently owned by 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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