DTS CEO Jon Kirchner Sells 16,000 Shares (DTSI)
DTS (NASDAQ:DTSI) CEO Jon Kirchner sold 16,000 shares of the stock on the open market in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $21.26, for a total value of $340,160.00. Following the completion of the transaction, the chief executive officer now directly owns 46,440 shares in the company, valued at approximately $987,314. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
DTSI has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of DTS (NASDAQ:DTSI) from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 26th. Analysts at Zacks downgraded shares of DTS (NASDAQ:DTSI) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 9th. They now have a $24.20 price target on the stock.
One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. DTS presently has a consensus rating of “Hold” and an average price target of $19.23.
Shares of DTS (NASDAQ:DTSI) traded up 0.56% on Monday, hitting $21.48. The stock had a trading volume of 37,402 shares. DTS has a 1-year low of $13.90 and a 1-year high of $24.46. The stock has a 50-day moving average of $21.2 and a 200-day moving average of $19.92. The company’s market cap is $393.2 million.
DTS (NASDAQ:DTSI) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.07. The company had revenue of $27.20 million for the quarter, compared to the consensus estimate of $26.36 million. During the same quarter in the prior year, the company posted ($0.61) earnings per share. On average, analysts predict that DTS will post $1.01 earnings per share for the current fiscal year.
DTS, Inc is a provider of audio technologies that are incorporated into a range of consumer electronics devices by hundreds of licensee customers worldwide.
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