Resonant Inc (NASDAQ:RESN) CFO Jeffrey A. Killian sold 5,269 shares of the company’s stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $5.41, for a total transaction of $28,505.29. Following the completion of the transaction, the chief financial officer now owns 70,310 shares in the company, valued at $380,377.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of RESN opened at $5.31 on Friday. Resonant Inc has a fifty-two week low of $3.17 and a fifty-two week high of $8.55.
Resonant (NASDAQ:RESN) last announced its earnings results on Wednesday, May 9th. The semiconductor company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.08). Resonant had a negative return on equity of 98.33% and a negative net margin of 3,436.54%. The business had revenue of $0.16 million for the quarter, compared to analysts’ expectations of $0.20 million. equities analysts forecast that Resonant Inc will post -0.74 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in RESN. Doheny Asset Management CA purchased a new stake in Resonant during the 4th quarter worth approximately $862,000. CVI Holdings LLC purchased a new stake in shares of Resonant in the 1st quarter valued at approximately $267,000. Finally, Raymond James & Associates purchased a new stake in shares of Resonant in the 4th quarter valued at approximately $104,000. 9.96% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Resonant from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Thursday, April 26th. Craig Hallum assumed coverage on shares of Resonant in a research note on Wednesday, April 4th. They set a “buy” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $6.00 target price on shares of Resonant in a research note on Tuesday, April 3rd. Loop Capital assumed coverage on shares of Resonant in a research note on Thursday, June 21st. They set a “buy” rating and a $11.00 target price on the stock. Finally, HC Wainwright set a $8.00 target price on shares of Resonant and gave the stock a “buy” rating in a research note on Thursday, May 10th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $8.50.
Resonant Company Profile
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.
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.