Breaking: H.C. Wainwright Keeps $8.0 Price Objective On Resonant (NASDAQ:RESN) Shares, Keeps Their Original Buy Rating

February 15, 2018 - By Linda Rogers

 Breaking: H.C. Wainwright Keeps $8.0 Price Objective On Resonant (NASDAQ:RESN) Shares, Keeps Their Original Buy Rating

Investors sentiment increased to 1.5 in 2017 Q3. Its up 0.25, from 1.25 in 2017Q2. It improved, as 2 investors sold Resonant Inc. shares while 2 reduced holdings. 3 funds opened positions while 3 raised stakes. 761,163 shares or 11.68% more from 681,539 shares in 2017Q2 were reported.

Next Financial Group Incorporated Inc owns 1,500 shares for 0% of their portfolio. Goldman Sachs Gru Incorporated holds 0% of its portfolio in Resonant Inc. (NASDAQ:RESN) for 15,593 shares. Leisure Capital Mngmt invested in 63,452 shares. Geode Mngmt Limited Liability Corporation reported 17,518 shares stake. Millennium Management Ltd owns 26,933 shares. Royal Savings Bank Of Canada reported 9 shares. Blackrock Inc reported 29,564 shares or 0% of all its holdings. Wells Fargo & Mn holds 3,900 shares or 0% of its portfolio. Highland Capital Mngmt Ltd Liability has 0% invested in Resonant Inc. (NASDAQ:RESN). Vanguard Grp accumulated 0% or 213,053 shares. Concert Wealth Mgmt holds 348,202 shares or 6.25% of its portfolio. Moreover, Stifel Finance has 0% invested in Resonant Inc. (NASDAQ:RESN).

Since October 2, 2017, it had 0 insider purchases, and 5 sales for $191,036 activity. On Wednesday, January 3 Fenzi Neal sold $25,128 worth of Resonant Inc. (NASDAQ:RESN) or 3,382 shares. The insider Killian Jeffrey A sold $41,778. HAMMOND ROBERT B had sold 8,382 shares worth $62,149 on Wednesday, January 3.

Resonant (NASDAQ:RESN) Rating Reaffirmed

Resonant (NASDAQ:RESN) just had their share rating of a ‘Buy’ issued by research analysts at H.C. Wainwright, who now has a $8.0 target price per share on the $79.72M market cap company or a 68.42 % upside potential. This key information was revealed to investors in a report on 9 November.

Investors sentiment increased to 1.5 in 2017 Q3. Its up 0.25, from 1.25 in 2017Q2. It improved, as 2 investors sold Resonant Inc. shares while 2 reduced holdings. 3 funds opened positions while 3 raised stakes. 761,163 shares or 11.68% more from 681,539 shares in 2017Q2 were reported.

Next Financial Group Incorporated Inc owns 1,500 shares for 0% of their portfolio. Goldman Sachs Gru Incorporated holds 0% of its portfolio in Resonant Inc. (NASDAQ:RESN) for 15,593 shares. Leisure Capital Mngmt invested in 63,452 shares. Geode Mngmt Limited Liability Corporation reported 17,518 shares stake. Millennium Management Ltd owns 26,933 shares. Royal Savings Bank Of Canada reported 9 shares. Blackrock Inc reported 29,564 shares or 0% of all its holdings. Wells Fargo & Mn holds 3,900 shares or 0% of its portfolio. Highland Capital Mngmt Ltd Liability has 0% invested in Resonant Inc. (NASDAQ:RESN). Vanguard Grp accumulated 0% or 213,053 shares. Concert Wealth Mgmt holds 348,202 shares or 6.25% of its portfolio. Moreover, Stifel Finance has 0% invested in Resonant Inc. (NASDAQ:RESN).

Since October 2, 2017, it had 0 insider purchases, and 5 sales for $191,036 activity. On Wednesday, January 3 Fenzi Neal sold $25,128 worth of Resonant Inc. (NASDAQ:RESN) or 3,382 shares. The insider Killian Jeffrey A sold $41,778. HAMMOND ROBERT B had sold 8,382 shares worth $62,149 on Wednesday, January 3.

Resonant Inc. (NASDAQ:RESN) Ratings Coverage

Among 2 analysts covering Resonant (NASDAQ:RESN), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Resonant has $800 highest and $8.0 lowest target. $8’s average target is 68.42% above currents $4.75 stock price. Resonant had 10 analyst reports since October 20, 2015 according to SRatingsIntel. The rating was maintained by Drexel Hamilton on Thursday, August 10 with “Buy”. The rating was maintained by Drexel Hamilton with “Buy” on Thursday, November 9. Drexel Hamilton maintained the shares of RESN in report on Friday, June 23 with “Buy” rating. Drexel Hamilton initiated the shares of RESN in report on Tuesday, October 20 with “Buy” rating. The rating was maintained by H.C. Wainwright with “Buy” on Monday, June 12. The firm has “Buy” rating given on Friday, June 23 by H.C. Wainwright. The firm earned “Buy” rating on Thursday, November 9 by H.C. Wainwright. The rating was maintained by H.C. Wainwright on Thursday, August 10 with “Buy”. As per Monday, February 12, the company rating was maintained by H.C. Wainwright. H.C. Wainwright maintained Resonant Inc. (NASDAQ:RESN) rating on Monday, January 22. H.C. Wainwright has “Buy” rating and $8.0 target.

The stock increased 1.93% or $0.09 during the last trading session, reaching $4.75. About 124,688 shares traded. Resonant Inc. (NASDAQ:RESN) has risen 10.81% since February 15, 2017 and is uptrending. It has underperformed by 5.89% the S&P500.

Analysts await Resonant Inc. (NASDAQ:RESN) to report earnings on March, 29. They expect $-0.23 earnings per share, up 46.51 % or $0.20 from last year’s $-0.43 per share. After $-0.28 actual earnings per share reported by Resonant Inc. for the previous quarter, Wall Street now forecasts -17.86 % EPS growth.

Resonant Inc., a late-stage development company, creates software tools, and intellectual property and licensable blocks that enable the development of filter creates for radio frequency front-ends used in the mobile device industry in the United States. The company has market cap of $79.72 million. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters. It currently has negative earnings. The firm develops duplexer, a single-band filter design for mobile devices; and multiplexer filter creates for two or more bands to address the carrier aggregation, as well as reconfigurable filter creates for various RF frequency bands.

More notable recent Resonant Inc. (NASDAQ:RESN) news were published by: Marketwired.com which released: “Resonant Announces Founding Members of ISN Foundry Program” on January 18, 2018, also Marketwired.com with their article: “Resonant Expands Relationship with its Largest Tier 1 Customer” published on February 08, 2018, Marketwired.com published: “Resonant Adds to Management Team with Hire of Dejan Nenov as Vice President of …” on January 25, 2018. More interesting news about Resonant Inc. (NASDAQ:RESN) were released by: Seekingalpha.com and their article: “Resonant’s (RESN) CEO George Holmes on Q3 2017 Results – Earnings Call Transcript” published on November 10, 2017 as well as Businesswire.com‘s news article titled: “Park City Capital Announces Proxy Contest at Resonant Inc. to Maximize Value …” with publication date: October 06, 2017.

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