Resonant (NASDAQ:RESN) Buy Rating Reaffirmed Today By Drexel Hamilton; The PT Given is $8.0

February 15, 2018 - By Dolores Ford

 Resonant (NASDAQ:RESN) Buy Rating Reaffirmed Today By Drexel Hamilton; The PT Given is $8.0

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.

Moreover, Blackrock Incorporated has 0% invested in Resonant Inc. (NASDAQ:RESN). Vanguard Group Inc stated it has 0% in Resonant Inc. (NASDAQ:RESN). Concert Wealth Mngmt holds 6.25% of its portfolio in Resonant Inc. (NASDAQ:RESN) for 348,202 shares. Next Financial Gp Incorporated invested 0% of its portfolio in Resonant Inc. (NASDAQ:RESN). Geode Capital Mgmt Ltd Liability Co holds 17,518 shares or 0% of its portfolio. Wells Fargo And Com Mn reported 0% stake. Millennium Mgmt Limited stated it has 26,933 shares or 0% of all its holdings. Royal Savings Bank Of Canada holds 0% in Resonant Inc. (NASDAQ:RESN) or 9 shares. 15,593 were reported by Goldman Sachs Grp Inc. Highland Cap Mngmt Ltd has invested 0% in Resonant Inc. (NASDAQ:RESN). Stifel Fin Corp holds 0% or 31,000 shares. Leisure Capital Mgmt invested in 0.25% or 63,452 shares.

Since October 2, 2017, it had 0 insider purchases, and 5 selling transactions for $191,036 activity. Killian Jeffrey A had sold 5,623 shares worth $41,778 on Tuesday, January 2. On Wednesday, January 3 the insider HAMMOND ROBERT B sold $62,149. Holmes George B sold $39,691 worth of Resonant Inc. (NASDAQ:RESN) on Tuesday, January 2.

Resonant (NASDAQ:RESN) Rating Reaffirmed

Recently, In an analyst report issued to clients and investors on Thursday morning, Resonant (NASDAQ:RESN) shares have had their Buy Rating reiterated by analysts at Drexel Hamilton, who currently has a $8.0 target price per share on firm. This target by Drexel Hamilton would indicate the possibile upside of 71.31 % from the 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.

Moreover, Blackrock Incorporated has 0% invested in Resonant Inc. (NASDAQ:RESN). Vanguard Group Inc stated it has 0% in Resonant Inc. (NASDAQ:RESN). Concert Wealth Mngmt holds 6.25% of its portfolio in Resonant Inc. (NASDAQ:RESN) for 348,202 shares. Next Financial Gp Incorporated invested 0% of its portfolio in Resonant Inc. (NASDAQ:RESN). Geode Capital Mgmt Ltd Liability Co holds 17,518 shares or 0% of its portfolio. Wells Fargo And Com Mn reported 0% stake. Millennium Mgmt Limited stated it has 26,933 shares or 0% of all its holdings. Royal Savings Bank Of Canada holds 0% in Resonant Inc. (NASDAQ:RESN) or 9 shares. 15,593 were reported by Goldman Sachs Grp Inc. Highland Cap Mngmt Ltd has invested 0% in Resonant Inc. (NASDAQ:RESN). Stifel Fin Corp holds 0% or 31,000 shares. Leisure Capital Mgmt invested in 0.25% or 63,452 shares.

Since October 2, 2017, it had 0 insider purchases, and 5 selling transactions for $191,036 activity. Killian Jeffrey A had sold 5,623 shares worth $41,778 on Tuesday, January 2. On Wednesday, January 3 the insider HAMMOND ROBERT B sold $62,149. Holmes George B sold $39,691 worth of Resonant Inc. (NASDAQ:RESN) on Tuesday, January 2.

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 71.31% above currents $4.67 stock price. Resonant had 10 analyst reports since October 20, 2015 according to SRatingsIntel. Drexel Hamilton maintained it with “Buy” rating and $8.0 target in Thursday, November 9 report. The firm earned “Buy” rating on Monday, June 12 by H.C. Wainwright. On Friday, June 23 the stock rating was maintained by H.C. Wainwright with “Buy”. H.C. Wainwright maintained Resonant Inc. (NASDAQ:RESN) on Monday, January 22 with “Buy” rating. On Thursday, August 10 the stock rating was maintained by Drexel Hamilton with “Buy”. The firm has “Buy” rating by H.C. Wainwright given on Monday, February 12. The firm earned “Buy” rating on Thursday, November 9 by H.C. Wainwright. Drexel Hamilton initiated Resonant Inc. (NASDAQ:RESN) on Tuesday, October 20 with “Buy” rating. The stock of Resonant Inc. (NASDAQ:RESN) has “Buy” rating given on Thursday, August 10 by H.C. Wainwright. The rating was maintained by Drexel Hamilton on Friday, June 23 with “Buy”.

The stock increased 0.21% or $0.01 during the last trading session, reaching $4.67. About 115,368 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 $78.37 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: Streetinsider.com which released: “Form 4 Resonant Inc For: Jan 17 Filed by: Fenzi Neal” on January 18, 2018, also Marketwired.com with their article: “Resonant Expands Relationship with its Largest Tier 1 Customer” published on February 08, 2018, Businesswire.com published: “Park City Capital Announces Proxy Contest at Resonant Inc. to Maximize Value …” on October 06, 2017. More interesting news about Resonant Inc. (NASDAQ:RESN) were released by: Marketwired.com and their article: “Resonant Adds to Management Team with Hire of Dejan Nenov as Vice President of …” published on January 25, 2018 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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