Resonant Inc. (NASDAQ:RESN) Director John E. Major bought 20,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average price of $4.36 per share, for a total transaction of $87,200.00. Following the acquisition, the director now owns 95,978 shares in the company, valued at approximately $418,464.08. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Resonant Inc. (RESN) traded up 1.15% during mid-day trading on Friday, hitting $4.39. 32,912 shares of the stock were exchanged. Resonant Inc. has a 12 month low of $3.82 and a 12 month high of $6.76. The stock’s 50 day moving average is $4.61 and its 200 day moving average is $4.65. The firm’s market cap is $64.52 million.
Resonant (NASDAQ:RESN) last issued its quarterly earnings results on Wednesday, August 9th. The semiconductor company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.26) by $0.03. The business had revenue of $0.22 million during the quarter, compared to analyst estimates of $0.10 million. Resonant had a negative return on equity of 150.42% and a negative net margin of 3,119.05%. Analysts expect that Resonant Inc. will post ($1.11) EPS for the current fiscal year.
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A number of brokerages have recently commented on RESN. HC Wainwright set a $8.00 target price on shares of Resonant and gave the company a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research cut shares of Resonant from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Drexel Hamilton restated a “buy” rating and set a $8.00 target price on shares of Resonant in a report on Friday, June 23rd. Finally, Rodman & Renshaw began coverage on shares of Resonant in a report on Tuesday, April 25th. They set a “buy” rating and a $8.00 target price on the stock.
A number of large investors have recently modified their holdings of RESN. Westside Investment Management Inc. increased its stake in shares of Resonant by 2.9% in the second quarter. Westside Investment Management Inc. now owns 44,600 shares of the semiconductor company’s stock valued at $217,000 after buying an additional 1,250 shares in the last quarter. Leisure Capital Management increased its stake in shares of Resonant by 25.2% in the second quarter. Leisure Capital Management now owns 64,574 shares of the semiconductor company’s stock valued at $286,000 after buying an additional 13,003 shares in the last quarter. Finally, Concert Wealth Management Inc. acquired a new stake in shares of Resonant during the second quarter valued at $1,542,000. 2.82% of the stock is owned by institutional investors and hedge funds.
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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