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Parametric Sound Corp (NASDAQ:HEAR) Director William E. Keitel purchased 33,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $7.31 per share, with a total value of $241,230.00. Following the transaction, the director now directly owns 3,198 shares in the company, valued at approximately $23,377. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Parametric Sound Corp (NASDAQ:HEAR) traded down 2.26% during mid-day trading on Thursday, hitting $6.93. The stock had a trading volume of 285,573 shares. Parametric Sound Corp has a 1-year low of $6.79 and a 1-year high of $16.70. The stock’s 50-day moving average is $8.55 and its 200-day moving average is $11.27. The company’s market cap is $290.4 million.

Parametric Sound Corp (NASDAQ:HEAR) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.04) by $0.19. The company had revenue of $22.30 million for the quarter, compared to the consensus estimate of $28.83 million. Analysts expect that Parametric Sound Corp will post $0.01 EPS for the current fiscal year.

A number of analysts have recently weighed in on HEAR shares. Analysts at Northland Securities cut their price target on shares of Parametric Sound Corp from $15.00 to $13.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $18.60.

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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