Resonant Inc (RESN) VP Sells $12,119.30 in Stock

Resonant Inc (NASDAQ:RESN) VP Neal Fenzi sold 7,129 shares of the company’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $1.70, for a total value of $12,119.30. Following the completion of the sale, the vice president now owns 477,904 shares of the company’s stock, valued at $812,436.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Neal Fenzi also recently made the following trade(s):

  • On Wednesday, November 21st, Neal Fenzi sold 1,298 shares of Resonant stock. The shares were sold at an average price of $1.87, for a total value of $2,427.26.

Shares of NASDAQ RESN traded down $0.04 during mid-day trading on Thursday, reaching $1.64. 228,400 shares of the company’s stock were exchanged, compared to its average volume of 301,390. The stock has a market cap of $45.51 million, a PE ratio of -1.30 and a beta of 1.00. Resonant Inc has a 52-week low of $1.61 and a 52-week high of $8.55.



Resonant (NASDAQ:RESN) last released its quarterly earnings results on Tuesday, November 13th. The semiconductor company reported ($0.17) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.17). The business had revenue of $0.12 million during the quarter, compared to analysts’ expectations of $0.50 million. Resonant had a negative return on equity of 80.75% and a negative net margin of 4,630.51%. Analysts expect that Resonant Inc will post -0.89 EPS for the current fiscal year.

Several brokerages have issued reports on RESN. National Securities restated a “buy” rating and issued a $8.00 target price on shares of Resonant in a report on Monday, August 13th. HC Wainwright set a $8.00 target price on Resonant and gave the company a “buy” rating in a report on Friday, August 10th. Zacks Investment Research cut Resonant from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. Finally, Loop Capital dropped their target price on Resonant to $7.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Resonant presently has a consensus rating of “Buy” and an average price target of $6.83.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RESN. Northern Trust Corp grew its holdings in shares of Resonant by 122.2% during the 2nd quarter. Northern Trust Corp now owns 47,423 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 26,076 shares during the period. Sterling Capital Management LLC purchased a new position in shares of Resonant during the 2nd quarter worth $282,000. BlackRock Inc. grew its holdings in shares of Resonant by 107.5% during the 2nd quarter. BlackRock Inc. now owns 67,870 shares of the semiconductor company’s stock worth $383,000 after purchasing an additional 35,159 shares during the period. MYDA Advisors LLC purchased a new position in shares of Resonant during the 2nd quarter worth $485,000. Finally, Sigma Planning Corp grew its holdings in shares of Resonant by 16.1% during the 2nd quarter. Sigma Planning Corp now owns 136,200 shares of the semiconductor company’s stock worth $768,000 after purchasing an additional 18,900 shares during the period. Institutional investors and hedge funds 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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