Resonant Inc (RESN) CFO Sells $18,164.25 in Stock

Resonant Inc (NASDAQ:RESN) CFO Jeffrey A. Killian sold 5,265 shares of the stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $3.45, for a total transaction of $18,164.25. Following the sale, the chief financial officer now owns 58,950 shares of the company’s stock, valued at approximately $203,377.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Resonant stock opened at $4.09 on Friday. Resonant Inc has a one year low of $3.17 and a one year high of $8.55.

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Resonant (NASDAQ:RESN) last announced its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.09). The firm had revenue of $0.17 million for the quarter, compared to analysts’ expectations of $0.20 million. Resonant had a negative return on equity of 126.81% and a negative net margin of 3,315.93%. equities analysts forecast that Resonant Inc will post -0.7 earnings per share for the current fiscal year.

A number of analysts recently weighed in on RESN shares. Zacks Investment Research cut shares of Resonant from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. HC Wainwright reiterated a “buy” rating and set a $8.00 price target on shares of Resonant in a research note on Monday, January 22nd. Needham & Company LLC started coverage on shares of Resonant in a research note on Tuesday, March 27th. They set a “buy” rating and a $6.00 price target for the company. National Securities set a $14.00 price target on shares of Resonant and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, Craig Hallum started coverage on shares of Resonant in a research note on Wednesday. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $8.25.

A number of institutional investors have recently made changes to their positions in RESN. Stifel Financial Corp raised its position in Resonant by 195.2% during the 3rd quarter. Stifel Financial Corp now owns 31,000 shares of the semiconductor company’s stock worth $137,000 after buying an additional 20,500 shares during the last quarter. Sigma Planning Corp purchased a new position in Resonant during the 4th quarter worth $284,000. Institute for Wealth Management LLC. purchased a new position in Resonant during the 4th quarter worth $5,753,000. Raymond James & Associates purchased a new position in Resonant during the 4th quarter worth $104,000. Finally, Doheny Asset Management CA purchased a new position in Resonant during the 4th quarter worth $862,000. Institutional investors own 7.88% of the company’s stock.

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Resonant Company Profile

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.

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

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