Resonant Inc (NASDAQ:RESN) VP Neal Fenzi sold 3,382 shares of Resonant stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $7.43, for a total transaction of $25,128.26. Following the sale, the vice president now owns 379,626 shares of the company’s stock, valued at $2,820,621.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Resonant Inc (NASDAQ RESN) traded up $0.28 on Thursday, hitting $7.35. 221,400 shares of the company traded hands, compared to its average volume of 437,843. Resonant Inc has a 1 year low of $3.82 and a 1 year high of $8.55. The firm has a market cap of $123.35, a PE ratio of -5.40 and a beta of 1.18.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Westside Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 1,250 shares during the period. Stifel Financial Corp lifted its stake in shares of 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 purchasing an additional 20,500 shares during the period. Finally, Concert Wealth Management Inc. acquired a new position in shares of Resonant in the 2nd quarter valued at $1,542,000. Hedge funds and other institutional investors own 5.15% of the company’s stock.

Several brokerages have commented on RESN. HC Wainwright set a $8.00 price objective on shares of Resonant and gave the company a “buy” rating in a research note on Thursday. Drexel Hamilton restated a “buy” rating and set a $8.00 price objective on shares of Resonant in a research note on Thursday, November 9th. National Securities began coverage on shares of Resonant in a research note on Tuesday, December 5th. They set a “buy” rating and a $14.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Resonant from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Tuesday, November 21st. Five research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus 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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