HC Wainwright Analysts Give Resonant (RESN) a $8.00 Price Target

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.

In related news, CEO George B. Holmes sold 6,615 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $7.21, for a total transaction of $47,694.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Neal Fenzi sold 3,382 shares of the firm’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 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. In the last three months, insiders have sold 35,357 shares of company stock worth $252,980. 22.30% of the stock is currently owned by company insiders.

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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About Resonant

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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