News coverage about Resonant (NASDAQ:RESN) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Resonant earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 48.1774464021745 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

NASDAQ:RESN traded up $0.21 during trading hours on Friday, hitting $4.71. 151,898 shares of the company’s stock traded hands, compared to its average volume of 309,800. The firm has a market capitalization of $123.92 million, a price-to-earnings ratio of -3.74 and a beta of 0.93. Resonant has a 52 week low of $3.17 and a 52 week high of $8.55.

Resonant (NASDAQ:RESN) last posted its quarterly earnings data on Thursday, August 9th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.03. The company had revenue of $0.12 million during the quarter, compared to analyst estimates of $0.30 million. Resonant had a negative return on equity of 83.23% and a negative net margin of 4,330.47%. equities analysts predict that Resonant will post -0.74 earnings per share for the current year.

A number of research firms have recently commented on RESN. National Securities reaffirmed a “buy” rating and issued a $8.00 price target on shares of Resonant in a report on Monday. Zacks Investment Research raised Resonant from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. Loop Capital began coverage on Resonant in a report on Thursday, June 21st. They issued a “buy” rating and a $11.00 price target for the company. HC Wainwright set a $8.00 price target on Resonant and gave the stock a “buy” rating in a report on Thursday, May 10th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $8.00 price target on shares of Resonant in a report on Thursday, May 10th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $7.50.

In related news, CFO Jeffrey A. Killian sold 5,269 shares of Resonant stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $5.41, for a total transaction of $28,505.29. Following the completion of the sale, the chief financial officer now owns 70,310 shares of the company’s stock, valued at $380,377.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Fox acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The shares were acquired at an average cost of $5.61 per share, with a total value of $561,000.00. The disclosure for this purchase can be found here. Insiders have sold 17,000 shares of company stock valued at $89,297 in the last three months. 11.70% of the stock is owned by corporate insiders.

Resonant Company Profile

Resonant Inc, a late-stage development company, engages in the development of filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters.

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