Yesterday, a Director at Resonant (RESN), John E. Major, bought shares of RESN for $96.13K.
Following this transaction John E. Major’s holding in the company was increased by 54.17% to a total of $273.6K. In addition to John E. Major, one other RESN executive reported Buy trades in the last month.
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Based on Resonant’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $115K and GAAP net loss of $6.28 million. In comparison, last year the company earned revenue of $106K and had a GAAP net loss of $4.18 million. Currently, Resonant has an average volume of 243.6K.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $6.83, reflecting a 374.3% upside. Starting in January 2018, RESN received 22 Buy ratings in a row. Three different firms, including National Securities Corp and Needham, currently also have a Buy rating on the stock.
John E. Major’s trades have generated a -14.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Resonant, Inc. operates as a development-stage company, which engages in the creation of filter designs for radio frequency front-ends for the mobile device industry. Its products include the Infinite Synthesized Networks. Infinite Synthesized Networks designs complex filter products.
