Resonant (NASDAQ:RESN) has been assigned a $8.00 target price by equities researchers at HC Wainwright in a report released on Monday. The firm currently has a “buy” rating on the semiconductor company’s stock. HC Wainwright’s target price suggests a potential upside of 78.17% from the company’s previous close.
Several other brokerages have also issued reports on RESN. National Securities assumed coverage on Resonant in a research note on Tuesday, December 5th. They issued a “buy” rating and a $14.00 price target on the stock. Zacks Investment Research lowered Resonant from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $8.00 price target on shares of Resonant in a research note on Thursday, November 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $8.70.
Shares of Resonant (NASDAQ RESN) traded up $0.02 on Monday, hitting $4.49. The stock had a trading volume of 133,388 shares, compared to its average volume of 221,898. Resonant has a one year low of $3.82 and a one year high of $8.55. The company has a market cap of $75.35, a price-to-earnings ratio of -3.30 and a beta of 0.71.
A hedge fund recently raised its stake in Resonant stock. Stifel Financial Corp lifted its position in shares of Resonant Inc (NASDAQ:RESN) by 195.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,000 shares of the semiconductor company’s stock after acquiring 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 reporting period. Institutional investors and hedge funds own 5.14% of the company’s stock.
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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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