National Securities Corp analyst Ilya Grozovsky maintained a Buy rating on Resonant (NASDAQ: RESN) on August 10 and set a price target of $8. The company’s shares closed on Friday at $4.65.
According to TipRanks.com, Grozovsky is a 4-star analyst with an average return of 7.4% and a 58.2% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Mitek Systems Inc, and Datawatch Corp.
Resonant has an analyst consensus of Strong Buy, with a price target consensus of $8.25, implying a 77.4% upside from current levels. In a report issued on August 10, Needham also maintained a Buy rating on the stock with a $6 price target.
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The company has a one-year high of $8.55 and a one-year low of $3.17. Currently, Resonant has an average volume of 263.9K.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RESN in relation to earlier this year.
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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.
