HC Wainwright Reiterates $8.00 Price Target for Resonant Inc. (RESN)

HC Wainwright set a $8.00 target price on Resonant Inc. (NASDAQ:RESN) in a research note issued to investors on Wednesday morning. The brokerage currently has a buy rating on the semiconductor company’s stock.

Separately, Zacks Investment Research cut shares of Resonant from a buy rating to a hold rating in a research note on Wednesday, July 12th.

Shares of Resonant (NASDAQ RESN) traded up $0.15 during trading on Wednesday, reaching $4.79. The company’s stock had a trading volume of 51,647 shares, compared to its average volume of 39,958. Resonant has a 52-week low of $3.82 and a 52-week high of $5.55.

Resonant (NASDAQ:RESN) last issued its quarterly earnings results on Wednesday, August 9th. The semiconductor company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.03). The business had revenue of $0.22 million for the quarter, compared to analyst estimates of $0.10 million. Resonant had a negative return on equity of 150.42% and a negative net margin of 3,119.05%. equities analysts forecast that Resonant will post -1.12 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The original version of this piece can be viewed at https://www.com-unik.info/2017/11/04/hc-wainwright-reiterates-8-00-price-target-for-resonant-inc-resn.html.

In other news, Director John E. Major acquired 20,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was bought at an average price of $4.36 per share, for a total transaction of $87,200.00. Following the transaction, the director now owns 95,978 shares in the company, valued at $418,464.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.30% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in RESN. Westside Investment Management Inc. raised its position in Resonant by 2.9% during the 2nd quarter. Westside Investment Management Inc. now owns 44,600 shares of the semiconductor company’s stock worth $217,000 after buying an additional 1,250 shares during the last quarter. Leisure Capital Management raised its position in Resonant by 25.2% during the 2nd quarter. Leisure Capital Management now owns 64,574 shares of the semiconductor company’s stock worth $286,000 after buying an additional 13,003 shares during the last quarter. Finally, Concert Wealth Management Inc. purchased a new position in Resonant during the 2nd quarter worth $1,542,000. Institutional investors own 5.06% of the company’s stock.

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.

What are top analysts saying about Resonant Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Resonant Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit