Resonant (NASDAQ:RESN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Resonant Inc. is a development-stage company. It creates filter designs for radio frequency front-ends for the mobile device industry. The Company’s product configures resonators, the building blocks of RF filters to select desired radio frequency signals and reject unwanted signals. Resonant Inc. is based in Santa Barbara, California. “

Several other equities analysts have also commented on RESN. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 price target on shares of Resonant in a research note on Monday, September 18th. Drexel Hamilton reaffirmed a “buy” rating and issued a $8.00 price target on shares of Resonant in a research note on Thursday, November 9th. Finally, National Securities initiated coverage on Resonant in a research note on Tuesday, December 5th. They issued a “buy” rating and a $14.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Resonant presently has a consensus rating of “Buy” and an average price target of $8.70.

Shares of Resonant (NASDAQ RESN) traded up $0.06 during trading on Tuesday, hitting $6.83. The stock had a trading volume of 153,300 shares, compared to its average volume of 279,400. Resonant has a twelve month low of $3.82 and a twelve month high of $8.55. The firm has a market cap of $114.62, a price-to-earnings ratio of -5.02 and a beta of 1.18.

In related news, VP Neal Fenzi sold 3,382 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $7.43, for a total transaction of $25,128.26. Following the transaction, the vice president now owns 379,626 shares of the company’s stock, valued at approximately $2,820,621.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert B. Hammond sold 5,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $6.00, for a total value of $30,000.00. Following the transaction, the insider now directly owns 372,019 shares in the company, valued at approximately $2,232,114. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,357 shares of company stock worth $252,980. 22.30% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in Resonant stock. Stifel Financial Corp increased its position in shares of Resonant Inc (NASDAQ:RESN) by 195.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,000 shares of the semiconductor company’s stock after acquiring an additional 20,500 shares during the period. Stifel Financial Corp owned about 0.18% of Resonant worth $137,000 at the end of the most recent quarter. 5.15% of the stock is owned by institutional investors.

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Resonant Company Profile

Resonant Inc is a late-stage development company. The Company creates filter designs for radio frequency (RF) front-ends for the mobile device industry. The RF front-end is the circuitry in a mobile device for analog signal processing and is located between the device’s antenna and its digital baseband.

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