Resonant (RESN) Receives a Buy from H.C. Wainwright


In a report released today, Kevin Dede from H.C. Wainwright reiterated a Buy rating on Resonant (NASDAQ: RESN), with a price target of $8. The company’s shares closed yesterday at $4.65.

According to TipRanks.com, Dede ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -12.1% and a 35.2% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Top Image Systems, Microvision, and SuperCom.

Resonant has an analyst consensus of Strong Buy, with a price target consensus of $8.33, representing a 79.1% upside. In a report released today, 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 261.4K.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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