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Parametric Sound Corp (NASDAQ:HEAR) major shareholder Frederick J. Romano sold 5,805 shares of Parametric Sound Corp stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $7.70, for a total value of $44,698.50. Following the completion of the transaction, the insider now directly owns 5,836,408 shares of the company’s stock, valued at approximately $44,940,342. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Parametric Sound Corp (NASDAQ:HEAR) traded up 1.79% on Monday, hitting $7.95. The stock had a trading volume of 14,792 shares. Parametric Sound Corp has a 1-year low of $7.58 and a 1-year high of $17.69. The stock has a 50-day moving average of $8.94 and a 200-day moving average of $11.68. The company’s market cap is $300.9 million.

Parametric Sound Corp (NASDAQ:HEAR) last released its earnings data on Monday, May 12th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.07. Analysts expect that Parametric Sound Corp will post $0.22 EPS for the current fiscal year.

A number of research firms have recently commented on HEAR. Analysts at Northland Securities initiated coverage on shares of Parametric Sound Corp in a research note on Thursday, June 26th. They set an “outperform” rating and a $15.00 price target on the stock. Analysts at Wedbush initiated coverage on shares of Parametric Sound Corp in a research note on Tuesday, May 6th. They set an “outperform” rating and a $15.00 price target on the stock. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.00.

Parametric Sound Corporation (NASDAQ:HEAR) is a technology company focused on delivering audio solutions through its HyperSound (HSS(r)) technology platform, which consists of the practical application of parametric acoustic technology for generating sound along a directional ultrasonic column.

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