HC Wainwright restated their buy rating on shares of Resonant (NASDAQ:RESN) in a research note published on Monday. HC Wainwright currently has a $8.00 price objective on the semiconductor company’s stock.

Several other analysts have also commented on RESN. Drexel Hamilton restated a buy rating and issued a $8.00 price objective on shares of Resonant in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Resonant from a buy rating to a hold rating in a report on Tuesday, January 9th. Finally, National Securities assumed coverage on shares of Resonant in a report on Tuesday, December 5th. They issued a buy rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $8.70.

Shares of Resonant (NASDAQ:RESN) traded down $0.46 on Monday, reaching $6.37. 233,000 shares of the company’s stock traded hands, compared to its average volume of 231,607. Resonant has a twelve month low of $3.82 and a twelve month high of $8.55. The stock has a market capitalization of $105.22, a price-to-earnings ratio of -4.68 and a beta of 1.18.

Resonant (NASDAQ:RESN) last issued its quarterly earnings data on Wednesday, November 8th. The semiconductor company reported ($0.28) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.01. Resonant had a negative net margin of 2,772.35% and a negative return on equity of 150.45%. equities research analysts forecast that Resonant will post -0.95 EPS for the current year.

In other news, CEO George B. Holmes sold 6,615 shares of Resonant stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $7.21, for a total transaction of $47,694.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Neal Fenzi sold 3,382 shares of Resonant stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $7.43, for a total transaction of $25,128.26. Following the transaction, the vice president now owns 379,626 shares of the company’s stock, valued at $2,820,621.18. The disclosure for this sale can be found here. Insiders have sold 35,357 shares of company stock valued at $252,980 over the last quarter. Company insiders own 22.30% of the company’s stock.

A hedge fund recently raised its stake in Resonant stock. Stifel Financial Corp lifted its position in shares of Resonant Inc (NASDAQ:RESN) by 195.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,000 shares of the semiconductor company’s stock after acquiring an additional 20,500 shares during the period. Stifel Financial Corp owned approximately 0.18% of Resonant worth $137,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 5.14% of the company’s stock.

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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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