National Securities assumed coverage on shares of Resonant (NASDAQ:RESN) in a report issued on Tuesday. The brokerage set a “buy” rating and a $14.00 price target on the semiconductor company’s stock. National Securities’ price objective suggests a potential upside of 95.26% from the stock’s current price.

A number of other analysts have also commented on the company. HC Wainwright set a $8.00 target price on Resonant and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research raised Resonant from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a report on Tuesday, November 21st. Finally, Drexel Hamilton reissued a “buy” rating and issued a $8.00 target price on shares of Resonant in a report on Thursday, November 9th. Five equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $8.70.

Shares of Resonant (NASDAQ RESN) traded down $0.25 during trading hours on Tuesday, reaching $7.17. The company’s stock had a trading volume of 436,700 shares, compared to its average volume of 88,212. Resonant has a 1-year low of $3.82 and a 1-year high of $8.06.

In other Resonant news, insider Robert B. Hammond sold 5,000 shares of Resonant stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $6.00, for a total value of $30,000.00. Following the completion of the sale, the insider now owns 372,019 shares of the company’s stock, valued at approximately $2,232,114. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 22.30% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Stifel Financial Corp grew its holdings in shares of Resonant by 195.2% in the third 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. Westside Investment Management Inc. grew its holdings 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 worth $217,000 after acquiring an additional 1,250 shares during the period. Leisure Capital Management grew its holdings 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 worth $286,000 after acquiring an additional 13,003 shares during the period. Finally, Concert Wealth Management Inc. bought a new stake in shares of Resonant in the second quarter worth $1,542,000. 5.15% of the stock is owned by institutional investors.

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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.

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