Robert B. Hammond Sells 7,140 Shares of Resonant Inc (RESN) Stock

Resonant Inc (NASDAQ:RESN) insider Robert B. Hammond sold 7,140 shares of the stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $1.70, for a total transaction of $12,138.00. Following the transaction, the insider now directly owns 466,672 shares of the company’s stock, valued at approximately $793,342.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of RESN opened at $1.60 on Friday. The stock has a market cap of $44.43 million, a PE ratio of -1.27 and a beta of 1.00. Resonant Inc has a 1 year low of $1.55 and a 1 year high of $8.55.

Resonant (NASDAQ:RESN) last issued its quarterly earnings results on Tuesday, November 13th. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.17). The business had revenue of $0.12 million for the quarter, compared to analysts’ expectations of $0.50 million. Resonant had a negative net margin of 4,630.51% and a negative return on equity of 80.75%. Research analysts expect that Resonant Inc will post -0.89 EPS for the current fiscal year.

RESN has been the subject of several research analyst reports. HC Wainwright set a $8.00 target price on shares of Resonant and gave the stock a “buy” rating in a research note on Wednesday, November 14th. Zacks Investment Research lowered shares of Resonant from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. National Securities set a $8.00 price target on shares of Resonant and gave the stock a “buy” rating in a research report on Wednesday, November 14th. Finally, Loop Capital reduced their price target on shares of Resonant to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $6.83.

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp lifted its position in shares of Resonant by 122.2% during the second quarter. Northern Trust Corp now owns 47,423 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 26,076 shares in the last quarter. Sterling Capital Management LLC acquired a new stake in shares of Resonant during the second quarter worth about $282,000. BlackRock Inc. lifted its position in shares of Resonant by 107.5% during the second quarter. BlackRock Inc. now owns 67,870 shares of the semiconductor company’s stock worth $383,000 after purchasing an additional 35,159 shares in the last quarter. MYDA Advisors LLC acquired a new stake in shares of Resonant during the second quarter worth about $485,000. Finally, Sigma Planning Corp lifted its position in shares of Resonant by 16.1% during the second quarter. Sigma Planning Corp now owns 136,200 shares of the semiconductor company’s stock worth $768,000 after purchasing an additional 18,900 shares in the last quarter. 19.59% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://www.com-unik.info/2018/12/08/robert-b-hammond-sells-7140-shares-of-resonant-inc-resn-stock.html.

About Resonant

Resonant Inc, a late-stage development company, engages in the development of filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters.

Recommended Story: Understanding debt-to-equity ratio in fundamental analysis

Insider Buying and Selling by Quarter for Resonant (NASDAQ:RESN)

Receive News & Ratings for Resonant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resonant and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


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