Parametric Sound Corp. (NASDAQ:HEAR) insider Frederick J. Romano sold 144,000 shares of the company’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $1.33, for a total transaction of $191,520.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Parametric Sound Corp. (NASDAQ:HEAR) opened at 1.28 on Friday. The firm’s 50 day moving average is $1.10 and its 200 day moving average is $1.05. Parametric Sound Corp. has a 52-week low of $0.83 and a 52-week high of $3.72. The stock’s market capitalization is $63.01 million.
Parametric Sound Corp. (NASDAQ:HEAR) last posted its earnings results on Tuesday, August 9th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.01. The firm earned $29.40 million during the quarter, compared to analysts’ expectations of $24.94 million. Parametric Sound Corp. had a negative return on equity of 65.64% and a negative net margin of 67.31%. Equities analysts expect that Parametric Sound Corp. will post ($0.45) earnings per share for the current year.
Separately, B. Riley reaffirmed a “buy” rating and issued a $2.00 price objective on shares of Parametric Sound Corp. in a research note on Thursday, September 22nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Parametric Sound Corp. presently has an average rating of “Buy” and an average price target of $2.36.
An institutional investor recently raised its position in Parametric Sound Corp. stock. Spark Investment Management LLC raised its stake in Parametric Sound Corp. (NASDAQ:HEAR) by 72.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period. 8.05% of the stock is owned by institutional investors.
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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