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DTS (NASDAQ:DTSI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $23.00 target price on the stock. Zacks‘s price target indicates a potential upside of 8.13% from the company’s current price.

A number of other firms have also recently commented on DTSI. 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 up 2.02% on Monday, hitting $21.70. The stock had a trading volume of 57,509 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 $369.7 million and a price-to-earnings ratio of 11.98.

DTS (NASDAQ:DTSI) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. Analysts expect that DTS will post $1.42 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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