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.
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.
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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