H.C. Wainwright Has Just Reaffirmed $8.0 Target Price Per Share on Resonant (NASDAQ:RESN) stock, While They’ve Also Reiterated Their “Buy” Rating

February 15, 2018 - By Linda Rogers

 H.C. Wainwright Has Just Reaffirmed $8.0 Target Price Per Share on Resonant (NASDAQ:RESN) stock, While They’ve Also Reiterated Their

Investors sentiment increased to 1.5 in 2017 Q3. Its up 0.25, from 1.25 in 2017Q2. It is positive, 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.

Leisure Cap Mgmt owns 63,452 shares or 0.25% of their US portfolio. 9 are held by Royal Comml Bank Of Canada. 17,518 were reported by Geode Management Ltd Liability. Millennium Mgmt Ltd Llc stated it has 0% in Resonant Inc. (NASDAQ:RESN). 15,593 were reported by Goldman Sachs Grp Inc. Stifel Financial reported 0% in Resonant Inc. (NASDAQ:RESN). Moreover, Blackrock Inc has 0% invested in Resonant Inc. (NASDAQ:RESN) for 29,564 shares. Next Fincl Group Inc invested in 0% or 1,500 shares. Highland Capital Limited Liability has 10,439 shares. Wells Fargo & Mn stated it has 0% of its portfolio in Resonant Inc. (NASDAQ:RESN). Concert Wealth Management Inc owns 348,202 shares. Vanguard Grp has invested 0% in Resonant Inc. (NASDAQ:RESN).

Since October 2, 2017, it had 0 insider purchases, and 5 selling transactions for $191,036 activity. 5,623 shares were sold by Killian Jeffrey A, worth $41,778 on Tuesday, January 2. On Wednesday, January 3 Fenzi Neal sold $25,128 worth of Resonant Inc. (NASDAQ:RESN) or 3,382 shares. Shares for $62,149 were sold by HAMMOND ROBERT B on Wednesday, January 3.

Resonant (NASDAQ:RESN) Rating Reaffirmed

New York: In a research note issued to investors and clients on Thursday, 9 November, H.C. Wainwright reiterated their “Buy” rating on Resonant (NASDAQ:RESN) shares. They now have a $8.0 target on the firm. H.C. Wainwright’s target indicates a potential upside of 68.42 % from the company’s last close price.

Investors sentiment increased to 1.5 in 2017 Q3. Its up 0.25, from 1.25 in 2017Q2. It is positive, 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.

Leisure Cap Mgmt owns 63,452 shares or 0.25% of their US portfolio. 9 are held by Royal Comml Bank Of Canada. 17,518 were reported by Geode Management Ltd Liability. Millennium Mgmt Ltd Llc stated it has 0% in Resonant Inc. (NASDAQ:RESN). 15,593 were reported by Goldman Sachs Grp Inc. Stifel Financial reported 0% in Resonant Inc. (NASDAQ:RESN). Moreover, Blackrock Inc has 0% invested in Resonant Inc. (NASDAQ:RESN) for 29,564 shares. Next Fincl Group Inc invested in 0% or 1,500 shares. Highland Capital Limited Liability has 10,439 shares. Wells Fargo & Mn stated it has 0% of its portfolio in Resonant Inc. (NASDAQ:RESN). Concert Wealth Management Inc owns 348,202 shares. Vanguard Grp has invested 0% in Resonant Inc. (NASDAQ:RESN).

Since October 2, 2017, it had 0 insider purchases, and 5 selling transactions for $191,036 activity. 5,623 shares were sold by Killian Jeffrey A, worth $41,778 on Tuesday, January 2. On Wednesday, January 3 Fenzi Neal sold $25,128 worth of Resonant Inc. (NASDAQ:RESN) or 3,382 shares. Shares for $62,149 were sold by HAMMOND ROBERT B 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. H.C. Wainwright maintained Resonant Inc. (NASDAQ:RESN) on Thursday, November 9 with “Buy” rating. The firm has “Buy” rating given on Tuesday, October 20 by Drexel Hamilton. On Friday, June 23 the stock rating was maintained by H.C. Wainwright with “Buy”. The rating was maintained by Drexel Hamilton on Thursday, November 9 with “Buy”. The company was maintained on Thursday, August 10 by Drexel Hamilton. On Monday, January 22 the stock rating was maintained by H.C. Wainwright with “Buy”. The stock has “Buy” rating by H.C. Wainwright on Monday, June 12. The company was maintained on Thursday, August 10 by H.C. Wainwright. Drexel Hamilton maintained the stock with “Buy” rating in Friday, June 23 report. H.C. Wainwright maintained the stock with “Buy” rating in Monday, February 12 report.

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 EPS, up 46.51 % or $0.20 from last year’s $-0.43 per share. After $-0.28 actual EPS 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 Adds to Management Team with Hire of Dejan Nenov as Vice President of …” on January 25, 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 Announces Founding Members of ISN Foundry Program” on January 18, 2018. More interesting news about Resonant Inc. (NASDAQ:RESN) were released by: Businesswire.com and their article: “Park City Capital Announces Proxy Contest at Resonant Inc. to Maximize Value …” published on October 06, 2017 as well as Seekingalpha.com‘s news article titled: “Resonant’s (RESN) CEO George Holmes on Q3 2017 Results – Earnings Call Transcript” with publication date: November 10, 2017.

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