Resonant Inc (RESN) CEO Sells $35,210.40 in Stock

Resonant Inc (NASDAQ:RESN) CEO George B. Holmes sold 20,712 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $1.70, for a total value of $35,210.40. Following the transaction, the chief executive officer now owns 281,366 shares of the company’s stock, valued at $478,322.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

RESN traded down $0.04 during trading hours on Thursday, hitting $1.64. 228,400 shares of the stock were exchanged, compared to its average volume of 301,390. Resonant Inc has a 12 month low of $1.61 and a 12 month high of $8.55. The stock has a market capitalization of $45.51 million, a PE ratio of -1.29 and a beta of 1.00.

Resonant (NASDAQ:RESN) last announced its quarterly earnings data on Tuesday, November 13th. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.17). Resonant had a negative return on equity of 80.75% and a negative net margin of 4,630.51%. The firm had revenue of $0.12 million for the quarter, compared to analysts’ expectations of $0.50 million. Sell-side analysts predict that Resonant Inc will post -0.89 EPS for the current year.



Several research firms have recently commented on RESN. Zacks Investment Research cut Resonant from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. HC Wainwright set a $8.00 target price on Resonant and gave the company a “buy” rating in a research note on Friday, August 10th. Loop Capital reduced their target price on Resonant to $7.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. They noted that the move was a valuation call. Finally, National Securities reiterated a “buy” rating and set a $8.00 target price on shares of Resonant in a research note on Monday, August 13th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $6.83.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Baird Financial Group Inc. lifted its stake in Resonant by 3.7% during the third quarter. Baird Financial Group Inc. now owns 614,330 shares of the semiconductor company’s stock worth $2,365,000 after purchasing an additional 21,886 shares during the last quarter. Institute for Wealth Management LLC. lifted its stake in Resonant by 3.7% during the second quarter. Institute for Wealth Management LLC. now owns 484,565 shares of the semiconductor company’s stock worth $2,733,000 after purchasing an additional 17,504 shares during the last quarter. ClariVest Asset Management LLC bought a new position in Resonant during the second quarter worth $1,008,000. Sigma Planning Corp lifted its stake in Resonant by 16.1% in the second quarter. Sigma Planning Corp now owns 136,200 shares of the semiconductor company’s stock valued at $768,000 after buying an additional 18,900 shares during the last quarter. Finally, MYDA Advisors LLC bought a new stake in Resonant in the second quarter valued at $485,000. Hedge funds and other institutional investors own 19.59% of the company’s stock.

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About Resonant

Resonant Inc, a late-stage development company, engages in the development of filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters.

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