DTS CFO Melvin Flanigan Sells 4,735 Shares (DTSI)
DTS (NASDAQ:DTSI) CFO Melvin Flanigan sold 4,735 shares of DTS stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $21.12, for a total transaction of $100,003.20. Following the completion of the transaction, the chief financial officer now directly owns 27,700 shares in the company, valued at approximately $585,024. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on DTSI shares. 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 given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.23.
Shares of DTS (NASDAQ:DTSI) traded up 0.56% during mid-day trading on Monday, hitting $21.48. 37,402 shares of the company’s stock traded hands. DTS has a one year low of $13.90 and a one year high of $24.46. The stock’s 50-day moving average is $21.2 and its 200-day moving average is $19.92. The company’s market cap is $393.2 million.
DTS (NASDAQ:DTSI) last issued its quarterly earnings data 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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