Parametric Sound Corp. (NASDAQ:HEAR) insider Frederick J. Romano sold 144,000 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $1.33, for a total transaction of $191,520.00. Following the transaction, the insider now directly owns 4,819,000 shares of the company’s stock, valued at $6,409,270. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Parametric Sound Corp. (NASDAQ:HEAR) opened at 1.31 on Monday. The stock’s market capitalization is $64.49 million. The firm has a 50 day moving average of $1.10 and a 200-day moving average of $1.05. Parametric Sound Corp. has a 52 week low of $0.83 and a 52 week high of $3.72.
Parametric Sound Corp. (NASDAQ:HEAR) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.01. Parametric Sound Corp. had a negative net margin of 67.31% and a negative return on equity of 65.64%. The business earned $29.40 million during the quarter, compared to analysts’ expectations of $24.94 million. On average, equities analysts predict that Parametric Sound Corp. will post ($0.45) EPS for the current year.
An institutional investor recently raised its position in Parametric Sound Corp. stock. Spark Investment Management LLC boosted its stake in shares of Parametric Sound Corp. (NASDAQ:HEAR) by 72.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 198,700 shares of the company’s stock after buying an additional 83,400 shares during the period. Spark Investment Management LLC owned about 0.47% of Parametric Sound Corp. worth $226,000 as of its most recent filing with the SEC. 8.05% of the stock is currently owned by institutional investors and hedge funds.
Separately, B. Riley reaffirmed a “buy” rating and set a $2.00 target price on shares of Parametric Sound Corp. in a research note on Wednesday, August 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $2.36.
Parametric Sound Corp. Company Profile
Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.
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