Resonant (RESN) Coverage Initiated at National Securities

Research analysts at National Securities started coverage on shares of Resonant (NASDAQ:RESN) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a $14.00 price target on the semiconductor company’s stock. National Securities’ target price suggests a potential upside of 99.15% from the company’s previous close.

A number of other brokerages have also weighed in on RESN. HC Wainwright set a $8.00 price objective on Resonant and gave the stock a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded 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, Drexel Hamilton reiterated a “buy” rating and issued a $8.00 price objective on shares of Resonant in a research report on Thursday, November 9th. Five analysts have rated the stock with a buy rating, Resonant has a consensus rating of “Buy” and an average price target of $8.70.

Shares of Resonant (NASDAQ:RESN) opened at $7.03 on Tuesday. Resonant has a 1 year low of $3.82 and a 1 year high of $8.06.

In related news, CEO George B. Holmes sold 6,615 shares of Resonant stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through this link. Also, CFO Jeffrey A. Killian sold 4,395 shares of Resonant stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $7.21, for a total value of $31,687.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,850 shares of company stock worth $131,695. Corporate insiders own 22.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its position in shares of Resonant by 195.2% during the third 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 in the last quarter. Westside Investment Management Inc. boosted its position in shares of Resonant by 2.9% during the second 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 in the last quarter. Leisure Capital Management boosted its position in shares of Resonant by 25.2% during the second quarter. Leisure Capital Management now owns 64,574 shares of the semiconductor company’s stock valued at $286,000 after purchasing an additional 13,003 shares in the last quarter. Finally, Concert Wealth Management Inc. bought a new stake in shares of Resonant during the second quarter valued at approximately $1,542,000. Institutional investors own 5.15% of the company’s stock.

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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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