Resonant Inc. (RESN) Reaches $5.49 After 5.00% Up Move; 3 Bullish Analysts Covering Evertz Technologies Limited (TSE:ET)

June 13, 2018 - By Peter Erickson

Evertz Technologies Limited (TSE:ET) Logo

The stock of Resonant Inc. (NASDAQ:RESN) is a huge mover today! The stock increased 2.43% or $0.13 during the last trading session, reaching $5.49. About 223,008 shares traded. Resonant Inc. (NASDAQ:RESN) has risen 2.22% since June 13, 2017 and is uptrending. It has underperformed by 10.35% the S&P500. Some Historical RESN News: ; 06/03/2018 Park City Capital Announces Director Nominees for Proxy Contest at Resonant Inc; 27/03/2018 – Resonant Closes $20 M Public Offering of Its Common Stk; 22/03/2018 – RESONANT OFFERING PRICES AT $3.50/SHR; 06/03/2018 – Park City Cap Owns 5.2% of the Shrs of Resonant Inc; 06/03/2018 – Resonant Received Notice From Park City of Nomination of 6 Individuals for Election to Board; 02/04/2018 – Resonant Announces Settlement of Proxy Contest With Park City Capital; 25/05/2018 – Resonant to Attend at the 15th Annual Craig-Hallum Institutional Investor Conference in Minneapolis on May 30th; 05/04/2018 – Resonant Adds Third Backend and Packaging Vendor; 21/03/2018 – Resonant Announces Proposed Public Offering of Common Stk; 27/04/2018 – Resonant Design Engineer, Andy Guyette, Wins Prestigious “Microwave Prize” from Microwave Theory and Techniques SocietyThe move comes after 8 months positive chart setup for the $146.31M company. It was reported on Jun, 13 by Barchart.com. We have $5.76 PT which if reached, will make NASDAQ:RESN worth $7.32M more.

Among 3 analysts covering Evertz Technologies Limited (TSE:ET), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Evertz Technologies Limited had 17 analyst reports since September 9, 2015 according to SRatingsIntel. RBC Capital Markets maintained Evertz Technologies Limited (TSE:ET) rating on Wednesday, September 7. RBC Capital Markets has “Outperform” rating and $22 target. The company was maintained on Monday, June 6 by BMO Capital Markets. The firm has “Outperform” rating given on Thursday, March 2 by BMO Capital Markets. See Evertz Technologies Limited (TSE:ET) latest ratings:

15/12/2017 Broker: BMO Capital Markets Rating: Outperform Old Target: $19.00 New Target: $20.00 Target Up

Since January 2, 2018, it had 0 insider buys, and 10 selling transactions for $280,449 activity. Fenzi Neal sold $3,485 worth of Resonant Inc. (NASDAQ:RESN) on Wednesday, May 16. 5,623 shares valued at $41,778 were sold by Killian Jeffrey A on Tuesday, January 2. Holmes George B sold 12,540 shares worth $55,787. HAMMOND ROBERT B sold $8,606 worth of stock.

Analysts await Resonant Inc. (NASDAQ:RESN) to report earnings on August, 8. They expect $-0.18 earnings per share, up 37.93% or $0.11 from last year’s $-0.29 per share. After $-0.28 actual earnings per share reported by Resonant Inc. for the previous quarter, Wall Street now forecasts -35.71% EPS growth.

Investors sentiment decreased to 1.45 in 2018 Q1. Its down 2.05, from 3.5 in 2017Q4. It dived, as 6 investors sold Resonant Inc. shares while 5 reduced holdings. 10 funds opened positions while 6 raised stakes. 2.41 million shares or 19.15% less from 2.98 million shares in 2017Q4 were reported. Millennium Mngmt Limited Liability Company has invested 0% of its portfolio in Resonant Inc. (NASDAQ:RESN). Deutsche Financial Bank Ag invested in 71,678 shares or 0% of the stock. Doheny Asset Ca accumulated 104,660 shares. G2 Investment Prtnrs Mngmt Limited Liability holds 393,800 shares. 42,665 were accumulated by Parallax Volatility Advisers Lp. Leisure Capital Mngmt holds 0.15% of its portfolio in Resonant Inc. (NASDAQ:RESN) for 51,728 shares. Moreover, Sigma Planning Corporation has 0.03% invested in Resonant Inc. (NASDAQ:RESN). Geode Cap Mngmt Ltd Liability Corporation has 0% invested in Resonant Inc. (NASDAQ:RESN) for 36,246 shares. Gp One Trading L P holds 0% in Resonant Inc. (NASDAQ:RESN) or 2,000 shares. Institute For Wealth Management Ltd Co holds 467,061 shares. Pinnacle Assocs invested 0% of its portfolio in Resonant Inc. (NASDAQ:RESN). Blackrock reported 0% stake. Vanguard has 0% invested in Resonant Inc. (NASDAQ:RESN). Raymond James Ser Advisors Inc reported 0% stake. Highland Capital Limited Co holds 10,439 shares or 0% of its portfolio.

Among 5 analysts covering Resonant (NASDAQ:RESN), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Resonant has $14.0 highest and $600 lowest target. $8.60’s average target is 56.65% above currents $5.49 stock price. Resonant had 15 analyst reports since October 20, 2015 according to SRatingsIntel. The stock has “Buy” rating by Drexel Hamilton on Tuesday, October 20. The stock of Resonant Inc. (NASDAQ:RESN) has “Buy” rating given on Wednesday, February 28 by Drexel Hamilton. H.C. Wainwright maintained Resonant Inc. (NASDAQ:RESN) rating on Thursday, August 10. H.C. Wainwright has “Buy” rating and $800 target. H.C. Wainwright maintained the shares of RESN in report on Monday, January 22 with “Buy” rating. H.C. Wainwright maintained the stock with “Buy” rating in Friday, June 23 report. On Thursday, November 9 the stock rating was maintained by H.C. Wainwright with “Buy”. The company was maintained on Friday, June 23 by Drexel Hamilton. The stock of Resonant Inc. (NASDAQ:RESN) has “Buy” rating given on Thursday, November 9 by Drexel Hamilton. The stock of Resonant Inc. (NASDAQ:RESN) has “Buy” rating given on Wednesday, April 4 by Craig Hallum. H.C. Wainwright maintained Resonant Inc. (NASDAQ:RESN) on Monday, June 12 with “Buy” rating.

Resonant Inc., a late-stage development company, creates software tools, and intellectual property and licensable blocks that enable the development of filter creates for radio frequency front-ends used in the mobile device industry in the United States. The company has market cap of $146.31 million. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters. It currently has negative earnings. The firm develops duplexer, a single-band filter design for mobile devices; and multiplexer filter creates for two or more bands to address the carrier aggregation, as well as reconfigurable filter creates for various RF frequency bands.

More important recent Resonant Inc. (NASDAQ:RESN) news were published by: Globenewswire.com which released: “Analysis: Positioning to Benefit within Teva Pharmaceutical Industries, Resonant, United Community Financial …” on June 07, 2018, also Nasdaq.com published article titled: “Resonant to Attend at the 15th Annual Craig-Hallum Institutional Investor Conference in Minneapolis on May 30th”, Investorplace.com published: “3 Cheapest Stocks With Greatest Potential for Growth” on May 29, 2018. More interesting news about Resonant Inc. (NASDAQ:RESN) was released by: Benzinga.com and their article: “44 Biggest Movers From Yesterday” with publication date: May 22, 2018.

Evertz Technologies Limited designs, makes, and distributes video and audio infrastructure solutions for the production, post–production, and transmission of television content in Canada, the United States, and internationally. The company has market cap of $1.31 billion. It offers video, audio, data/LTC/tally, fiber, and RF routers, as well as bypass and auto changeover systems, MAGNUM unified control systems, and router panels; infrastructure products comprising distribution amplifiers, converters, frame synchronizers, audio/data embedders and de-embedders, audio processing and closed captioning products, and video/audio delay systems; and multi-viewers. It has a 19.86 P/E ratio. The firm also provides RF products, such as antennas, satellite modulators, monitoring, routers and switches, splitters and distribution amplifiers, demodulators, fiber transport, and power inserters and amplifiers; and compression and DTV products, including contribution encoders/decoders and IRDs, transport stream processing and IP on ramp gateways, software defined accelerated encoding/transcoding/muxing, monitoring, ASI/IP converter, multiplexers, scramblers, modulators, and control products.

Resonant Inc. (NASDAQ:RESN) Institutional Positions Chart

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