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Cowen and Company upped their price objective on shares of DTS (NASDAQ:DTSI) from $20.50 to $21.00 in a research note issued on Tuesday. Cowen and Company’s target price would indicate a potential upside of 12.06% from the stock’s previous close.

A number of other analysts have also recently weighed in on DTSI. Analysts at JPMorgan Chase & Co. raised their price target on shares of DTS from $19.50 to $22.50 in a research note on Tuesday. Analysts at B. Riley initiated coverage on shares of DTS in a research note on Tuesday, July 1st. They set a “buy” rating and a $24.00 price target on the stock.

Shares of DTS (NASDAQ:DTSI) traded up 10.75% on Tuesday, hitting $20.81. 172,137 shares of the company’s stock traded hands. DTS has a 52-week low of $16.76 and a 52-week high of $24.65. The stock’s 50-day moving average is $18.78 and its 200-day moving average is $19.13. The company has a market cap of $359.7 million and a P/E ratio of 14.95.

DTS (NASDAQ:DTSI) last announced its earnings results on Monday, August 11th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.33. The company had revenue of $36.20 million for the quarter, compared to the consensus estimate of $28.48 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 33.1% on a year-over-year basis. On average, analysts predict that DTS will post $1.29 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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