Shares of Resonant Inc (NASDAQ:RESN) have earned a consensus rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $8.80.
A number of analysts have weighed in on RESN shares. Craig Hallum started coverage on shares of Resonant in a report on Wednesday, April 4th. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of Resonant from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Needham & Company LLC started coverage on shares of Resonant in a report on Tuesday, March 27th. They issued a “buy” rating and a $6.00 price target for the company. HC Wainwright set a $8.00 price target on shares of Resonant and gave the company a “buy” rating in a report on Monday, February 12th. Finally, National Securities set a $14.00 price target on shares of Resonant and gave the company a “buy” rating in a report on Wednesday, February 28th.
NASDAQ RESN opened at $3.82 on Friday. Resonant has a 1 year low of $3.17 and a 1 year high of $8.55.
In other Resonant news, CEO George B. Holmes sold 12,540 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $4.45, for a total value of $55,803.00. Following the completion of the sale, the chief executive officer now directly owns 230,247 shares of the company’s stock, valued at approximately $1,024,599.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 21,710 shares of company stock valued at $87,440. Insiders own 11.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Raymond James & Associates bought a new position in shares of Resonant during the 4th quarter worth about $104,000. Stifel Financial Corp lifted its holdings in shares of Resonant by 195.2% during the 3rd quarter. Stifel Financial Corp now owns 31,000 shares of the semiconductor company’s stock worth $137,000 after acquiring an additional 20,500 shares during the period. Sigma Planning Corp bought a new position in shares of Resonant during the 4th quarter worth about $284,000. Doheny Asset Management CA bought a new position in shares of Resonant during the 4th quarter worth about $862,000. Finally, Institute for Wealth Management LLC. bought a new position in shares of Resonant during the 4th quarter worth about $5,753,000. 5.98% of the stock is owned by institutional investors.
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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.
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