Westside Investment Management Inc. grew its holdings in shares of Resonant Inc. (NASDAQ:RESN) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,600 shares of the semiconductor company’s stock after acquiring an additional 1,250 shares during the quarter. Westside Investment Management Inc. owned 0.30% of Resonant worth $217,000 at the end of the most recent quarter.

Separately, Concert Wealth Management Inc. acquired a new position in Resonant during the second quarter worth about $1,542,000. 5.08% of the stock is currently owned by institutional investors.

Shares of Resonant Inc. (RESN) traded down 3.97% on Friday, reaching $4.35. The company’s stock had a trading volume of 138,634 shares. The firm’s 50-day moving average price is $4.65 and its 200-day moving average price is $4.63. Resonant Inc. has a 12 month low of $3.82 and a 12 month high of $5.55. The stock’s market cap is $63.94 million.

Resonant (NASDAQ:RESN) last released its 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 firm had revenue of $0.22 million during the quarter, compared to the consensus estimate of $0.10 million. Resonant had a negative return on equity of 150.42% and a negative net margin of 3,119.05%. On average, analysts forecast that Resonant Inc. will post ($1.11) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be read at https://www.watchlistnews.com/resonant-inc-resn-shares-bought-by-westside-investment-management-inc/1618066.html.

RESN has been the subject of several research analyst reports. Drexel Hamilton reissued a “buy” rating and set a $8.00 target price on shares of Resonant in a research note on Friday, June 23rd. HC Wainwright set a $8.00 target price on Resonant and gave the stock a “buy” rating in a research note on Saturday, June 24th. Finally, Zacks Investment Research downgraded Resonant from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.

In other news, Director John E. Major bought 20,000 shares of the company’s stock in a transaction that occurred 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 directly owns 95,978 shares of the company’s stock, valued at approximately $418,464.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.30% 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.

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