Sigma Planning Corp acquired a new stake in Resonant Inc (NASDAQ:RESN) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 38,000 shares of the semiconductor company’s stock, valued at approximately $284,000. Sigma Planning Corp owned about 0.23% of Resonant as of its most recent filing with the SEC.
Separately, Stifel Financial Corp boosted its stake in shares of Resonant by 195.2% in the 3rd quarter. Stifel Financial Corp now owns 31,000 shares of the semiconductor company’s stock valued at $137,000 after purchasing an additional 20,500 shares during the last quarter. Institutional investors and hedge funds own 5.14% of the company’s stock.
A number of equities research analysts have recently commented on the stock. National Securities assumed coverage on shares of Resonant in a research note on Tuesday, December 5th. They issued a “buy” rating and a $14.00 price objective on the stock. HC Wainwright set a $8.00 price objective on shares of Resonant and gave the company a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research lowered shares of Resonant from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Resonant in a research note on Thursday, November 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $8.70.
In related news, insider Robert B. Hammond sold 5,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $6.00, for a total transaction of $30,000.00. Following the transaction, the insider now directly owns 372,019 shares of the company’s stock, valued at $2,232,114. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO George B. Holmes sold 6,615 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $7.21, for a total transaction of $47,694.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,357 shares of company stock worth $252,980. 22.30% of the stock is owned by insiders.
Resonant Inc (NASDAQ RESN) opened at $4.71 on Friday. Resonant Inc has a 12 month low of $3.82 and a 12 month high of $8.55.
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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.
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