Key Points
- Daniel Asher purchased 6,800 shares of Sequans Communications (SQNS) on Jan. 12 at $5.36, bringing his holdings to 1,227,235 shares — a 0.56% increase in his position.
- He also bought 27,032 shares on Jan. 9 at $5.00 and 21,900 shares on Jan. 7 at $4.91, totaling 55,732 shares acquired in early January for roughly $279,000.
- SQNS trades around $5.50 with a market cap near $78.8M and carries a consensus “Moderate Buy” target of $10.83, despite mixed analyst ratings.
Sequans Communications S.A. (NYSE:SQNS - Get Free Report) major shareholder Daniel Asher acquired 6,800 shares of the stock in a transaction on Monday, January 12th. The stock was bought at an average cost of $5.36 per share, for a total transaction of $36,448.00. Following the transaction, the insider owned 1,227,235 shares of the company's stock, valued at approximately $6,577,979.60. This trade represents a 0.56% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Daniel Asher also recently made the following trade(s):
- On Friday, January 9th, Daniel Asher purchased 27,032 shares of Sequans Communications stock. The shares were bought at an average price of $5.00 per share, with a total value of $135,160.00.
- On Wednesday, January 7th, Daniel Asher purchased 21,900 shares of Sequans Communications stock. The stock was bought at an average cost of $4.91 per share, for a total transaction of $107,529.00.
Sequans Communications Price Performance
Shares of NYSE SQNS opened at $5.50 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. The stock has a fifty day simple moving average of $5.58 and a two-hundred day simple moving average of $4.74. Sequans Communications S.A. has a 1-year low of $4.44 and a 1-year high of $58.30. The firm has a market cap of $78.75 million, a price-to-earnings ratio of -0.68 and a beta of 0.22.
Wall Street Analysts Forecast Growth
SQNS has been the subject of a number of research reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Sequans Communications in a research report on Monday, December 29th. B. Riley cut their price objective on shares of Sequans Communications from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, November 20th. Finally, Lake Street Capital initiated coverage on shares of Sequans Communications in a research note on Wednesday, December 10th. They issued a "buy" rating and a $18.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $10.83.
View Our Latest Research Report on SQNS
Institutional Investors Weigh In On Sequans Communications
Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE bought a new position in shares of Sequans Communications in the third quarter valued at approximately $26,000. Boothbay Fund Management LLC lifted its stake in Sequans Communications by 1.5% in the 2nd quarter. Boothbay Fund Management LLC now owns 1,673,609 shares of the semiconductor company's stock worth $2,460,000 after purchasing an additional 25,000 shares in the last quarter. Meteora Capital LLC bought a new position in Sequans Communications in the 2nd quarter valued at $74,000. Krilogy Financial LLC bought a new position in Sequans Communications in the 3rd quarter valued at $568,000. Finally, Moore Capital Management LP purchased a new position in shares of Sequans Communications during the 3rd quarter valued at $581,000. 63.33% of the stock is owned by hedge funds and other institutional investors.
Sequans Communications Company Profile
(
Get Free Report)
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.
Further Reading
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