Resonant Inc. (NASDAQ:RESN) CEO George B. Holmes sold 6,615 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $7.21, for a total value of $47,694.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Resonant Inc. (RESN) traded up $0.30 during trading on Tuesday, reaching $7.47. The company had a trading volume of 265,539 shares, compared to its average volume of 88,969. Resonant Inc. has a twelve month low of $3.82 and a twelve month high of $8.06.

Institutional investors have recently modified their holdings of the stock. Stifel Financial Corp increased its position in Resonant by 195.2% in the 3rd quarter. Stifel Financial Corp now owns 31,000 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 20,500 shares in the last quarter. Westside Investment Management Inc. increased its position in Resonant by 2.9% in the 2nd 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 in the last quarter. Leisure Capital Management increased its position in Resonant by 25.2% in the 2nd 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 in the last quarter. Finally, Concert Wealth Management Inc. bought a new stake in Resonant in the 2nd quarter valued at about $1,542,000. 5.15% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on RESN. National Securities began coverage on Resonant in a research note on Tuesday. They issued a “buy” rating and a $14.00 price objective on the stock. HC Wainwright set a $8.00 price objective on Resonant and gave the company a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research raised Resonant from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research note on Tuesday, November 21st. Finally, Drexel Hamilton reissued a “buy” rating and issued a $8.00 price objective on shares of Resonant in a research note on Thursday, November 9th. Five investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $8.70.

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Resonant Company Profile

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.

Insider Buying and Selling by Quarter for Resonant (NASDAQ:RESN)

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