Jeffrey A. Killian Sells 5,269 Shares of Resonant Inc (RESN) Stock

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.

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

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