Zacks Investment Research upgraded shares of Resonant Inc. (NASDAQ:RESN) from a hold rating to a buy rating in a research report released on Tuesday morning. Zacks Investment Research currently has $5.50 price objective on the semiconductor company’s stock.

According to Zacks, “Resonant Inc. is a development-stage company. It creates filter designs for radio frequency front-ends for the mobile device industry. The Company’s product configures resonators, the building blocks of RF filters to select desired radio frequency signals and reject unwanted signals. Resonant Inc. is based in Santa Barbara, California. “

Several other equities analysts also recently issued reports on RESN. HC Wainwright set a $8.00 price objective on shares of Resonant and gave the company a buy rating in a report on Thursday, August 10th. Drexel Hamilton reaffirmed a buy rating and set a $8.00 price objective on shares of Resonant in a report on Thursday, November 9th.

Resonant (RESN) opened at $5.80 on Tuesday. Resonant has a twelve month low of $3.82 and a twelve month high of $6.00.

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Large investors have recently bought and sold shares of the company. Concert Wealth Management Inc. purchased a new position in shares of Resonant in the second quarter worth about $1,542,000. Westside Investment Management Inc. increased its position in Resonant by 2.9% during the second quarter. Westside Investment Management Inc. now owns 44,600 shares of the semiconductor company’s stock worth $217,000 after purchasing an additional 1,250 shares during the last quarter. Stifel Financial Corp increased its position in Resonant by 195.2% during the third quarter. Stifel Financial Corp now owns 31,000 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 20,500 shares during the last quarter. Finally, Leisure Capital Management increased its position in Resonant by 25.2% during the second quarter. Leisure Capital Management now owns 64,574 shares of the semiconductor company’s stock worth $286,000 after purchasing an additional 13,003 shares during the last quarter. 4.61% of the stock is currently owned by hedge funds and other institutional investors.

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.

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