Resonant (NASDAQ:RESN) has been given a $8.00 price objective by equities research analysts at HC Wainwright in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the semiconductor company’s stock. HC Wainwright’s price target suggests a potential upside of 20.66% from the stock’s previous close.
A number of other equities analysts have also weighed in on RESN. Drexel Hamilton restated a “buy” rating and issued a $8.00 target price on shares of Resonant in a research note on Thursday, November 9th. National Securities assumed coverage on Resonant in a research note on Tuesday, December 5th. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Zacks Investment Research upgraded Resonant from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research note on Tuesday, November 21st. Five analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $8.70.
Shares of Resonant (NASDAQ RESN) traded down $0.46 during midday trading on Tuesday, reaching $6.63. The company’s stock had a trading volume of 304,700 shares, compared to its average volume of 91,779. Resonant has a fifty-two week low of $3.82 and a fifty-two week high of $8.06.
Institutional investors have recently made changes to their positions in the company. Stifel Financial Corp increased its position 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 valued at $137,000 after purchasing an additional 20,500 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Resonant by 2.9% during the 2nd quarter. Westside Investment Management Inc. now owns 44,600 shares of the semiconductor company’s stock valued at $217,000 after purchasing an additional 1,250 shares during the last quarter. Leisure Capital Management increased its position in shares of Resonant by 25.2% during the 2nd quarter. Leisure Capital Management now owns 64,574 shares of the semiconductor company’s stock valued at $286,000 after purchasing an additional 13,003 shares during the last quarter. Finally, Concert Wealth Management Inc. bought a new position in shares of Resonant during the 2nd quarter valued at about $1,542,000. Hedge funds and other institutional investors own 5.15% of the company’s stock.
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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