Resonant (RESN) Receives Coverage Optimism Score of 0.17
Media coverage about Resonant (NASDAQ:RESN) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Resonant earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 45.0944437993031 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- Resonant to Present at the 20th Annual Needham Growth Conference in New York on January 17th (finance.yahoo.com)
- Browse Nauseating Price Growth Stocks: Resonant Inc. (RESN) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Resonant Inc (RESN) CFO Sells $41,778.89 in Stock (americanbankingnews.com)
- Resonant Inc (RESN) VP Sells $25,128.26 in Stock (americanbankingnews.com)
- Resonant Inc (RESN) CTO Robert B. Hammond Sells 5,000 Shares (americanbankingnews.com)
Several equities analysts recently commented on RESN shares. HC Wainwright set a $8.00 target price on Resonant and gave the stock a “buy” rating in a research report on Thursday, November 30th. National Securities started coverage on Resonant in a research report on Tuesday, December 5th. They set a “buy” rating and a $14.00 target price for the company. Zacks Investment Research upgraded Resonant from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research report on Tuesday, November 21st. Finally, Drexel Hamilton restated a “buy” rating and set a $8.00 target price on shares of Resonant in a research report on Thursday, November 9th. Five analysts have rated the stock with a buy rating, Resonant presently has a consensus rating of “Buy” and a consensus target price of $8.70.
In other Resonant news, VP Neal Fenzi sold 3,382 shares of Resonant stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $7.43, for a total value of $25,128.26. Following the completion of the transaction, the vice president now owns 379,626 shares in the company, valued at approximately $2,820,621.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert B. Hammond sold 5,000 shares of Resonant stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $6.00, for a total value of $30,000.00. Following the completion of the transaction, the insider now owns 372,019 shares of the company’s stock, valued at approximately $2,232,114. The disclosure for this sale can be found here. Insiders have sold a total of 35,357 shares of company stock valued at $252,980 in the last 90 days. 22.30% of the stock is owned by corporate insiders.
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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