Parametric Sound Corp. (NASDAQ:HEAR)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a report issued on Wednesday. They currently have a $2.00 price objective on the stock. B. Riley’s price objective would indicate a potential upside of 34.23% from the company’s previous close.
Separately, Zacks Investment Research raised Parametric Sound Corp. from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a research note on Tuesday, October 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Parametric Sound Corp. has an average rating of “Hold” and a consensus price target of $1.69.
Shares of Parametric Sound Corp. (NASDAQ:HEAR) traded down 0.67% during midday trading on Wednesday, hitting $1.49. The stock had a trading volume of 104,886 shares. Parametric Sound Corp. has a one year low of $0.83 and a one year high of $2.59. The company’s market capitalization is $73.38 million. The firm’s 50-day moving average is $1.39 and its 200 day moving average is $1.13.
Parametric Sound Corp. (NASDAQ:HEAR) last issued its quarterly earnings results on Thursday, November 10th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.06. Parametric Sound Corp. had a negative return on equity of 116.85% and a negative net margin of 82.75%. The business had revenue of $38.40 million for the quarter, compared to analyst estimates of $37.37 million. Equities analysts expect that Parametric Sound Corp. will post ($0.45) earnings per share for the current fiscal year.
In other Parametric Sound Corp. news, insider Carmine J. Bonanno sold 1,401,719 shares of the stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $1.07, for a total value of $1,499,839.33. Following the completion of the sale, the insider now directly owns 2,784,580 shares in the company, valued at $2,979,500.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frederick J. Romano sold 144,000 shares of the stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $1.33, for a total value of $191,520.00. Following the completion of the sale, the insider now owns 4,819,000 shares of the company’s stock, valued at $6,409,270. The disclosure for this sale can be found here. 74.00% of the stock is owned by company insiders.
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 disclosure 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 approximately 0.47% of Parametric Sound Corp. worth $226,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 8.76% of the company’s stock.
Parametric Sound Corp. Company Profile