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Parametric Sound Corp (NASDAQ:HEAR) major shareholder Carmine J. Bonanno sold 5,805 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $8.00, for a total transaction of $46,440.00. Following the completion of the transaction, the insider now directly owns 5,830,603 shares in the company, valued at approximately $46,644,824. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Parametric Sound Corp (NASDAQ:HEAR) traded up 0.37% during mid-day trading on Friday, hitting $8.15. 60,652 shares of the company’s stock traded hands. Parametric Sound Corp has a 52-week low of $7.58 and a 52-week high of $16.76. The stock’s 50-day moving average is $8.79 and its 200-day moving average is $11.. The company’s market cap is $308.4 million.

Parametric Sound Corp (NASDAQ:HEAR) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.07. On average, analysts predict that Parametric Sound Corp will post $0.22 earnings per share for the current fiscal year.

Separately, 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. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price 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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