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Parametric Sound Corp (NASDAQ:HEAR) major shareholder Carmine J. Bonanno sold 185,760 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $6.85, for a total transaction of $1,272,456.00. Following the completion of the transaction, the insider now directly owns 5,633,233 shares of the company’s stock, valued at approximately $38,587,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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 investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $18.60.

Shares of Parametric Sound Corp (NASDAQ:HEAR) traded up 2.00% on Friday, hitting $7.13. 69,015 shares of the company’s stock traded hands. Parametric Sound Corp has a 1-year low of $6.54 and a 1-year high of $16.70. The stock’s 50-day moving average is $7.93 and its 200-day moving average is $10.65. The company’s market cap is $299.1 million.

Parametric Sound Corp (NASDAQ:HEAR) last announced its earnings results on Monday, August 11th. The company reported ($0.23) earnings per share for the quarter, missing the analysts’ 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.

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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