Resonant’s (RESN) Buy Rating Reiterated at HC Wainwright

Resonant (NASDAQ:RESN)‘s stock had its “buy” rating restated by HC Wainwright in a report released on Monday. They currently have a $8.00 price target on the semiconductor company’s stock. HC Wainwright’s price objective suggests a potential upside of 17.13% from the stock’s current price.

Other analysts have also issued research reports about the company. National Securities initiated coverage on Resonant in a report on Tuesday, December 5th. They issued a “buy” rating and a $14.00 target price on the stock. Zacks Investment Research raised Resonant from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a report on Tuesday, November 21st. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $8.00 target price on shares of Resonant in a report on Thursday, November 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Resonant currently has a consensus rating of “Buy” and a consensus target price of $8.70.

Resonant (NASDAQ:RESN) opened at $6.83 on Monday. Resonant has a one year low of $3.82 and a one year high of $8.55. The firm has a market capitalization of $114.62, a P/E ratio of -4.99 and a beta of 1.18.

Resonant (NASDAQ:RESN) last issued its quarterly earnings data on Wednesday, November 8th. The semiconductor company reported ($0.28) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.01. Resonant had a negative return on equity of 150.45% and a negative net margin of 2,772.35%. equities analysts anticipate that Resonant will post -0.95 EPS for the current year.

In related news, CFO Jeffrey A. Killian sold 4,395 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $7.21, for a total value of $31,687.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Neal Fenzi sold 3,382 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $7.43, for a total value of $25,128.26. Following the completion of the sale, the vice president now directly owns 379,626 shares in the company, valued at approximately $2,820,621.18. The disclosure for this sale can be found here. Insiders have sold a total of 35,357 shares of company stock worth $252,980 in the last three months. 22.30% of the stock is owned by insiders.

An institutional investor recently raised its position in Resonant stock. Stifel Financial Corp boosted its stake in Resonant Inc (NASDAQ:RESN) by 195.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,000 shares of the semiconductor company’s stock after buying an additional 20,500 shares during the quarter. Stifel Financial Corp owned approximately 0.18% of Resonant worth $137,000 at the end of the most recent quarter. 5.14% of the stock is currently owned by hedge funds and other 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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