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

HC Wainwright set a $8.00 price objective on Resonant (NASDAQ:RESN) in a research report released on Tuesday morning. The brokerage currently has a buy rating on the semiconductor company’s stock.

RESN has been the topic of several other research reports. Drexel Hamilton reissued a buy rating and set a $8.00 price objective on shares of Resonant in a research note on Thursday, November 9th. Zacks Investment Research raised shares of Resonant from a hold rating to a buy rating and set a $5.50 price objective on the stock in a research note on Tuesday, November 21st. Finally, National Securities began coverage on shares of Resonant in a research note on Tuesday, December 5th. They set a buy rating and a $14.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and a consensus target price of $8.70.

Shares of Resonant (NASDAQ:RESN) traded up $0.30 on Tuesday, hitting $6.89. 229,800 shares of the company traded hands, compared to its average volume of 92,991. Resonant has a fifty-two week low of $3.82 and a fifty-two week high of $8.06.

In other Resonant news, insider Robert B. Hammond sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $6.00, for a total transaction of $30,000.00. Following the transaction, the insider now owns 372,019 shares of the company’s stock, valued at $2,232,114. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey A. Killian sold 4,395 shares of the 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 $31,687.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,850 shares of company stock worth $131,695. 22.30% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Stifel Financial Corp raised its stake in Resonant by 195.2% during the third quarter. Stifel Financial Corp now owns 31,000 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 20,500 shares during the period. Westside Investment Management Inc. raised its stake in Resonant by 2.9% during the second quarter. Westside Investment Management Inc. now owns 44,600 shares of the semiconductor company’s stock worth $217,000 after purchasing an additional 1,250 shares during the period. Leisure Capital Management raised its stake in Resonant by 25.2% during the second quarter. Leisure Capital Management now owns 64,574 shares of the semiconductor company’s stock worth $286,000 after purchasing an additional 13,003 shares during the period. Finally, Concert Wealth Management Inc. purchased a new position in Resonant during the second quarter worth approximately $1,542,000. 5.15% of the stock is currently owned by 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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