Trading Report: Today, DTS Inc. (DTSI) Earns Neutral Rating from B. Riley

Today, DTS Inc. (DTSI) Earns Neutral Rating from B. Riley

DTS Inc. (NASDAQ:DTSI)‘s stock had its “neutral” rating reissued by equities research analysts at B. Riley in a note issued to investors on Tuesday. They presently have a $42.50 target price on the stock. B. Riley’s target price points to a potential upside of 0.07% from the stock’s current price.

Several other brokerages have also recently issued reports on DTSI. Zacks Investment Research upgraded shares of DTS from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Monday, October 24th. Barrington Research cut shares of DTS from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 20th. Dougherty & Co cut shares of DTS from a “buy” rating to a “neutral” rating in a report on Tuesday, September 20th. William Blair cut shares of DTS from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 20th. Finally, JPMorgan Chase & Co. set a $29.00 price target on shares of DTS and gave the company a “hold” rating in a research report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $39.92.

Shares of DTS (NASDAQ:DTSI) traded down 0.16% during mid-day trading on Tuesday, hitting $42.47. 37,113 shares of the stock were exchanged. DTS has a 52-week low of $19.62 and a 52-week high of $42.80. The firm’s market cap is $751.76 million. The stock has a 50-day moving average price of $42.40 and a 200 day moving average price of $33.28.

DTS (NASDAQ:DTSI) last issued its earnings results on Monday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.01. DTS had a positive return on equity of 11.00% and a negative net margin of 3.88%. The business had revenue of $48.70 million for the quarter, compared to the consensus estimate of $45.95 million. During the same quarter in the previous year, the company earned $0.32 earnings per share. The firm’s revenue was up 58.6% on a year-over-year basis. On average, equities research analysts expect that DTS will post $2.23 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of DTS by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 9,432 shares of the company’s stock valued at $249,000 after buying an additional 35 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of DTS by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,880 shares of the company’s stock valued at $165,000 after buying an additional 60 shares during the last quarter. Texas Permanent School Fund raised its position in shares of DTS by 0.5% in the third quarter. Texas Permanent School Fund now owns 13,437 shares of the company’s stock valued at $572,000 after buying an additional 65 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of DTS by 1.3% in the third quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the company’s stock valued at $332,000 after buying an additional 100 shares during the last quarter. Finally, BlackRock Advisors LLC raised its position in shares of DTS by 1.5% in the second quarter. BlackRock Advisors LLC now owns 8,567 shares of the company’s stock valued at $227,000 after buying an additional 126 shares during the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

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