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DTS (NASDAQ:DTSI) CTO Frederick Lee Kitson sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $21.29, for a total value of $21,290.00. Following the completion of the sale, the chief technology officer now directly owns 21,950 shares in the company, valued at approximately $467,316. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of DTS from $20.50 to $21.00 in a research note on Tuesday. Separately, 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. Finally, 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.

DTS (NASDAQ:DTSI) traded down 0.16% during mid-day trading on Friday, hitting $21.27. 155,594 shares of the company’s stock traded hands. DTS has a 1-year low of $16.76 and a 1-year high of $24.65. The stock has a 50-day moving average of $19.04 and a 200-day moving average of $19.15. The company has a market cap of $362.4 million and a price-to-earnings ratio of 12.00.

DTS (NASDAQ:DTSI) last released its earnings data 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. Analysts expect that DTS will post $1.32 EPS 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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