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Parametric Sound Corp (NASDAQ:HEAR) major shareholder Frederick J. Romano sold 2,905 shares of Parametric Sound Corp stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $6.74, for a total value of $19,579.70. Following the completion of the transaction, the insider now directly owns 5,824,798 shares of the company’s stock, valued at approximately $39,259,139. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Parametric Sound Corp (NASDAQ:HEAR) opened at 6.70 on Friday. Parametric Sound Corp has a 52 week low of $6.54 and a 52 week high of $16.70. The stock has a 50-day moving average of $8.39 and a 200-day moving average of $11.1. The company’s market cap is $281.0 million.

Parametric Sound Corp (NASDAQ:HEAR) last posted its quarterly earnings results 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. On average, analysts predict that Parametric Sound Corp will post $0.01 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. 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, August 12th. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus 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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