Resonant (RESN) Research Coverage Started at National Securities
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.
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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