Resonant (RESN) Given a $14.00 Price Target by National Securities Analysts
Other research analysts have also issued reports about the stock. HC Wainwright set a $8.00 price target on shares of Resonant and gave the company a buy rating in a research note on Thursday, January 4th. Zacks Investment Research raised shares of Resonant from a hold rating to a buy rating and set a $5.50 price target on the stock in a research note on Tuesday, November 21st. Finally, Drexel Hamilton reaffirmed a buy rating and issued a $8.00 price target on shares of Resonant in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Resonant presently has a consensus rating of Buy and an average target price of $8.70.
Resonant (RESN) opened at $4.23 on Wednesday. The firm has a market cap of $83.43, a PE ratio of -2.98 and a beta of 1.02. Resonant has a 12 month low of $3.82 and a 12 month high of $8.55.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Institute for Wealth Management LLC. purchased a new position in Resonant in the 4th quarter worth approximately $5,753,000. Doheny Asset Management CA purchased a new position in Resonant in the 4th quarter worth approximately $862,000. Sigma Planning Corp purchased a new position in Resonant in the 4th quarter worth approximately $284,000. Stifel Financial Corp lifted its stake in Resonant by 195.2% in the 3rd 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 in the last quarter. Finally, Raymond James & Associates purchased a new position in Resonant in the 4th quarter worth approximately $104,000. 10.14% of the stock is currently owned by institutional investors and hedge funds.
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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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