Resonant Inc (RESN) Insider Sells $12,138.00 in Stock

Resonant Inc (NASDAQ:RESN) insider Robert B. Hammond sold 7,140 shares of the stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $1.70, for a total transaction of $12,138.00. Following the sale, the insider now directly owns 466,672 shares in the company, valued at $793,342.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

RESN traded down $0.04 during midday trading on Thursday, hitting $1.64. 228,400 shares of the company traded hands, compared to its average volume of 301,390. The stock has a market capitalization of $45.51 million, a P/E ratio of -1.30 and a beta of 1.00. Resonant Inc has a 52 week low of $1.61 and a 52 week high of $8.55.

Resonant (NASDAQ:RESN) last posted its earnings results on Tuesday, November 13th. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.17). The business had revenue of $0.12 million for the quarter, compared to analysts’ expectations of $0.50 million. Resonant had a negative net margin of 4,630.51% and a negative return on equity of 80.75%. Research analysts forecast that Resonant Inc will post -0.89 earnings per share for the current fiscal year.

Several brokerages recently commented on RESN. National Securities reissued a “buy” rating and set a $8.00 price objective on shares of Resonant in a research report on Monday, August 13th. HC Wainwright set a $8.00 price objective on shares of Resonant and gave the company a “buy” rating in a research report on Friday, August 10th. Zacks Investment Research downgraded shares of Resonant from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. Finally, Loop Capital cut their price objective on shares of Resonant to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $6.83.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Baird Financial Group Inc. lifted its stake in Resonant by 3.7% during the 3rd quarter. Baird Financial Group Inc. now owns 614,330 shares of the semiconductor company’s stock valued at $2,365,000 after acquiring an additional 21,886 shares during the period. Institute for Wealth Management LLC. lifted its stake in Resonant by 3.7% during the 2nd quarter. Institute for Wealth Management LLC. now owns 484,565 shares of the semiconductor company’s stock valued at $2,733,000 after acquiring an additional 17,504 shares during the period. ClariVest Asset Management LLC bought a new position in Resonant during the 2nd quarter valued at about $1,008,000. Sigma Planning Corp lifted its stake in Resonant by 16.1% during the 2nd quarter. Sigma Planning Corp now owns 136,200 shares of the semiconductor company’s stock valued at $768,000 after acquiring an additional 18,900 shares during the period. Finally, MYDA Advisors LLC bought a new position in Resonant during the 2nd quarter valued at about $485,000. Institutional investors and hedge funds own 19.59% of the company’s stock.

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Resonant Company Profile

Resonant Inc, a late-stage development company, engages in the development of filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters.

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Insider Buying and Selling by Quarter for Resonant (NASDAQ:RESN)

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