Resonant (NASDAQ:RESN) Buy Rating Maintained Today By H.C. Wainwright; The Target Price is Set to $8.0

February 15, 2018 - By Clifton Ray

 Resonant (NASDAQ:RESN) Buy Rating Maintained Today By H.C. Wainwright; The Target Price is Set to $8.0

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

Wells Fargo And Mn holds 3,900 shares or 0% of its portfolio. Leisure Cap Mngmt holds 63,452 shares. Royal Bancorporation Of Canada holds 0% or 9 shares. Stifel Financial owns 31,000 shares. The Pennsylvania-based Vanguard Gru Inc has invested 0% in Resonant Inc. (NASDAQ:RESN). Next Group Inc Inc holds 0% or 1,500 shares in its portfolio. New York-based Blackrock has invested 0% in Resonant Inc. (NASDAQ:RESN). Concert Wealth Mngmt reported 6.25% of its portfolio in Resonant Inc. (NASDAQ:RESN). Highland Capital Mngmt Limited Liability Corp holds 0% or 10,439 shares. Goldman Sachs Group Inc Incorporated has 0% invested in Resonant Inc. (NASDAQ:RESN) for 15,593 shares. Geode Cap Management Lc owns 0% invested in Resonant Inc. (NASDAQ:RESN) for 17,518 shares. Millennium Mgmt Lc stated it has 0% of its portfolio in Resonant Inc. (NASDAQ:RESN).

Since October 2, 2017, it had 0 buys, and 5 insider sales for $191,036 activity. 5,342 shares were sold by Holmes George B, worth $39,691 on Tuesday, January 2. $62,149 worth of stock was sold by HAMMOND ROBERT B on Wednesday, January 3. Another trade for 3,382 shares valued at $25,128 was sold by Fenzi Neal.

Resonant (NASDAQ:RESN) Rating Reaffirmed

In a report revealed to investors on 9 November, The Buy rating of Resonant (NASDAQ:RESN) shares was restate by Analysts at H.C. Wainwright, who now has a $8.0 price target on the stock. H.C. Wainwright’s price target would indicate a possible upside of 68.42 % from the close price of the company.

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

Wells Fargo And Mn holds 3,900 shares or 0% of its portfolio. Leisure Cap Mngmt holds 63,452 shares. Royal Bancorporation Of Canada holds 0% or 9 shares. Stifel Financial owns 31,000 shares. The Pennsylvania-based Vanguard Gru Inc has invested 0% in Resonant Inc. (NASDAQ:RESN). Next Group Inc Inc holds 0% or 1,500 shares in its portfolio. New York-based Blackrock has invested 0% in Resonant Inc. (NASDAQ:RESN). Concert Wealth Mngmt reported 6.25% of its portfolio in Resonant Inc. (NASDAQ:RESN). Highland Capital Mngmt Limited Liability Corp holds 0% or 10,439 shares. Goldman Sachs Group Inc Incorporated has 0% invested in Resonant Inc. (NASDAQ:RESN) for 15,593 shares. Geode Cap Management Lc owns 0% invested in Resonant Inc. (NASDAQ:RESN) for 17,518 shares. Millennium Mgmt Lc stated it has 0% of its portfolio in Resonant Inc. (NASDAQ:RESN).

Since October 2, 2017, it had 0 buys, and 5 insider sales for $191,036 activity. 5,342 shares were sold by Holmes George B, worth $39,691 on Tuesday, January 2. $62,149 worth of stock was sold by HAMMOND ROBERT B on Wednesday, January 3. Another trade for 3,382 shares valued at $25,128 was sold by Fenzi Neal.

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 firm has “Buy” rating by Drexel Hamilton given on Thursday, August 10. The stock of Resonant Inc. (NASDAQ:RESN) has “Buy” rating given on Friday, June 23 by Drexel Hamilton. The firm earned “Buy” rating on Tuesday, October 20 by Drexel Hamilton. The rating was maintained by H.C. Wainwright with “Buy” on Thursday, November 9. The stock has “Buy” rating by H.C. Wainwright on Monday, June 12. H.C. Wainwright maintained the stock with “Buy” rating in Monday, February 12 report. The company was maintained on Friday, June 23 by H.C. Wainwright. H.C. Wainwright maintained it with “Buy” rating and $800 target in Thursday, August 10 report. The stock has “Buy” rating by Drexel Hamilton on Thursday, November 9. On Monday, January 22 the stock rating was maintained by H.C. Wainwright with “Buy”.

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

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