Jeffrey A. Killian Sells 4,840 Shares of Resonant Inc. (RESN) Stock
Resonant Inc. (NASDAQ:RESN) CFO Jeffrey A. Killian sold 4,840 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $4.61, for a total transaction of $22,312.40. Following the completion of the sale, the chief financial officer now owns 37,558 shares in the company, valued at $173,142.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Resonant Inc. (NASDAQ RESN) traded down 4.05% on Tuesday, hitting $4.50. The company had a trading volume of 85,958 shares. Resonant Inc. has a 12 month low of $3.82 and a 12 month high of $5.55. The stock’s market cap is $66.14 million. The company has a 50-day moving average of $4.63 and a 200 day moving average of $4.64.
Resonant (NASDAQ:RESN) last released its earnings results on Wednesday, August 9th. The semiconductor company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.03). Resonant had a negative return on equity of 150.42% and a negative net margin of 3,119.05%. The firm had revenue of $0.22 million for the quarter, compared to analyst estimates of $0.10 million. Analysts anticipate that Resonant Inc. will post ($1.11) EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. Westside Investment Management Inc. grew its stake in shares of Resonant by 2.9% in the 2nd quarter. Westside Investment Management Inc. now owns 44,600 shares of the semiconductor company’s stock worth $217,000 after purchasing an additional 1,250 shares during the last quarter. Leisure Capital Management raised its holdings in shares of Resonant by 25.2% in the 2nd quarter. Leisure Capital Management now owns 64,574 shares of the semiconductor company’s stock worth $286,000 after purchasing an additional 13,003 shares in the last quarter. Finally, Concert Wealth Management Inc. bought a new stake in shares of Resonant in the 2nd quarter worth approximately $1,542,000. 5.08% of the stock is currently owned by institutional investors.
A number of brokerages recently commented on RESN. HC Wainwright set a $8.00 price objective on shares of Resonant and gave the company a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research cut shares of Resonant from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Drexel Hamilton restated a “buy” rating and set a $8.00 target price on shares of Resonant in a research report on Friday, June 23rd.
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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