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

A number of analysts have recently weighed in on DTSI shares. 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, August 12th. 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, August 12th. 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.

Shares of 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 $19.12 and a 200-day moving average of $19.14. The company has a market cap of $362.4 million and a P/E ratio of 12.00.

DTS (NASDAQ:DTSI) last announced its earnings results on Monday, August 11th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.11 earnings per share. DTS’s revenue was up 33.1% compared to the same quarter last year. On average, analysts predict that DTS will post $1.42 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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