Resonant’s (RESN) Buy Rating Reiterated at Drexel Hamilton

Drexel Hamilton reaffirmed their buy rating on shares of Resonant Inc. (NASDAQ:RESN) in a research report released on Thursday morning. Drexel Hamilton currently has a $8.00 price target on the semiconductor company’s stock.

A number of other brokerages have also commented on RESN. HC Wainwright set a $8.00 price objective on Resonant and gave the company a buy rating in a research report on Wednesday, November 1st. Zacks Investment Research lowered Resonant from a buy rating to a hold rating in a report on Wednesday, July 12th.

Shares of Resonant (NASDAQ RESN) traded down $0.01 during mid-day trading on Thursday, hitting $4.77. The company’s stock had a trading volume of 64,300 shares, compared to its average volume of 42,792. Resonant has a 52 week low of $3.82 and a 52 week high of $5.55.

Resonant (NASDAQ:RESN) last issued its earnings results on Wednesday, August 9th. The semiconductor company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.03). Resonant had a negative return on equity of 161.18% and a negative net margin of 2,772.35%. The company had revenue of $0.22 million during the quarter, compared to analyst estimates of $0.10 million. sell-side analysts expect that Resonant will post -0.95 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at

In other news, Director John E. Major acquired 20,000 shares of Resonant stock in a transaction dated Tuesday, August 15th. The stock was bought at an average price of $4.36 per share, for a total transaction of $87,200.00. Following the completion of the acquisition, the director now directly owns 95,978 shares in the company, valued at approximately $418,464.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 22.30% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the stock. Westside Investment Management Inc. boosted its stake in shares of Resonant by 2.9% in the second quarter. Westside Investment Management Inc. now owns 44,600 shares of the semiconductor company’s stock valued at $217,000 after buying an additional 1,250 shares during the period. Concert Wealth Management Inc. bought a new stake in shares of Resonant in the second quarter valued at approximately $1,542,000. Finally, Leisure Capital Management boosted its stake in shares of Resonant by 25.2% in the second quarter. Leisure Capital Management now owns 64,574 shares of the semiconductor company’s stock valued at $286,000 after buying an additional 13,003 shares during the period. Institutional investors and hedge funds own 4.45% of the company’s stock.

About Resonant

Resonant Inc is a late-stage development company. The Company creates filter designs for radio frequency (RF) front-ends for the mobile device industry. The RF front-end is the circuitry in a mobile device for analog signal processing and is located between the device’s antenna and its digital baseband.

Receive News & Ratings for Resonant Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resonant Inc. and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply