Resonant Inc (NASDAQ:RESN) CEO George B. Holmes sold 5,342 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $7.43, for a total transaction of $39,691.06. Following the transaction, the chief executive officer now directly owns 203,454 shares in the company, valued at approximately $1,511,663.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Resonant Inc (NASDAQ:RESN) traded up $0.28 during trading on Thursday, hitting $7.35. 221,400 shares of the stock were exchanged, compared to its average volume of 437,843. Resonant Inc has a 52-week low of $3.82 and a 52-week high of $8.55. The stock has a market cap of $123.35, a P/E ratio of -5.40 and a beta of 1.18.
RESN has been the topic of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Resonant in a research report on Monday, September 18th. Drexel Hamilton reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Resonant in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Resonant from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research report on Tuesday, November 21st. Finally, National Securities initiated coverage on shares of Resonant in a research report on Tuesday, December 5th. They issued a “buy” rating and a $14.00 price objective on the stock. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $8.70.
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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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