Insider Selling: Frederick Lee Kitson Unloads 1,000 Shares of DTS Stock (DTSI)
DTS (NASDAQ:DTSI) CTO Frederick Lee Kitson sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $21.29, for a total transaction of $21,290.00. Following the sale, the chief technology officer now directly owns 21,950 shares of the company’s stock, valued at approximately $467,316. The transaction was disclosed in a document filed with the SEC, which is available at this link.
DTS (NASDAQ:DTSI) traded down 0.16% on Friday, hitting $21.27. The stock had a trading volume of 155,594 shares. DTS has a 52-week low of $16.76 and a 52-week high of $24.65. The stock has a 50-day moving average of $19.12 and a 200-day moving average of $19.14. The company has a market cap of $362.4 million and a price-to-earnings ratio of 12.00.
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 $1.42 earnings per share for the current fiscal year.
DTSI has been the subject of a number of recent research reports. 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, 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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