Brokerages Set Resonant Inc. (NASDAQ:RESN) PT at $4.50

Shares of Resonant Inc. (NASDAQ:RESN – Get Rating) have received a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $4.50.

Several equities research analysts have recently commented on the company. Stifel Nicolaus downgraded Resonant from a “buy” rating to a “hold” rating and reduced their target price for the company from $5.50 to $4.50 in a report on Tuesday, February 15th. StockNews.com raised Resonant to a “sell” rating in a report on Tuesday, March 22nd. Craig Hallum downgraded Resonant from a “buy” rating to a “hold” rating and set a $4.50 target price for the company. in a report on Tuesday, February 15th. Benchmark lowered Resonant from a “buy” rating to a “hold” rating in a research report on Wednesday, February 16th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Resonant in a research report on Wednesday, February 16th.

Shares of NASDAQ RESN remained flat at $$4.48 during mid-day trading on Thursday. Resonant has a twelve month low of $1.18 and a twelve month high of $4.50. The firm has a market capitalization of $300.99 million, a P/E ratio of -7.86 and a beta of 1.24. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $3.89 and a 200 day moving average price of $2.68.

A number of large investors have recently bought and sold shares of the stock. Moors & Cabot Inc. acquired a new position in Resonant in the 3rd quarter worth about $25,000. BNP Paribas Arbitrage SA increased its position in Resonant by 2,871.5% in the 4th quarter. BNP Paribas Arbitrage SA now owns 16,878 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 16,310 shares during the last quarter. NewEdge Advisors LLC increased its position in Resonant by 12.6% in the 4th quarter. NewEdge Advisors LLC now owns 28,699 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 3,213 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Resonant in the 4th quarter worth about $103,000. Finally, LPL Financial LLC increased its position in Resonant by 15.3% in the 4th quarter. LPL Financial LLC now owns 68,550 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 9,100 shares during the last quarter. 21.63% of the stock is currently owned by hedge funds and other institutional investors.

Resonant Company Profile (Get Rating)

Resonant Inc, a late-stage development company, designs and develops filters for radio frequency (RF) and front-ends used in the mobile device, automotive, medical, Internet-of-Things, and related industries in Japan, China, and internationally. It uses WaveX, a software platform to configure and connect resonators that are building blocks of RF filters.

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