Parametric Sound Corp. (NASDAQ:HEAR) major shareholder Carmine J. Bonanno sold 238,841 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $1.02, for a total transaction of $243,617.82. Following the transaction, the insider now owns 1,878,777 shares in the company, valued at approximately $1,916,352.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Parametric Sound Corp. (NASDAQ:HEAR) opened at 1.44 on Monday. Parametric Sound Corp. has a 52-week low of $0.83 and a 52-week high of $3.72. The firm’s market capitalization is $70.89 million. The firm’s 50-day moving average is $1.06 and its 200-day moving average is $1.05.
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 Zacks’ consensus estimate of ($0.24) by $0.01. Parametric Sound Corp. had a negative return on equity of 65.64% and a negative net margin of 67.31%. The company earned $29.40 million during the quarter, compared to the consensus estimate of $24.94 million. On average, equities analysts expect that Parametric Sound Corp. will post ($0.45) earnings per share for the current year.
An institutional investor recently raised its position in Parametric Sound Corp. stock. Spark Investment Management LLC boosted its position in Parametric Sound Corp. (NASDAQ:HEAR) by 72.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 0.47% of Parametric Sound Corp. worth $226,000 as of its most recent SEC filing. Institutional investors own 8.05% of the company’s stock.
Separately, B. Riley reiterated a “buy” rating and set a $2.00 price target on shares of Parametric Sound Corp. in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price 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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