Parametric Sound Corp. (NASDAQ:HEAR)‘s stock had its “buy” rating reiterated by investment analysts at B. Riley in a research report issued on Thursday. They currently have a $2.00 price target on the stock. B. Riley’s price target suggests a potential upside of 66.67% from the company’s current price.

Analyst Recommendations for Parametric Sound Corp. (NASDAQ:HEAR)

Parametric Sound Corp. (NASDAQ:HEAR) opened at 1.20 on Thursday. Parametric Sound Corp. has a 52 week low of $0.83 and a 52 week high of $3.72. The stock’s market capitalization is $59.07 million. The stock has a 50 day moving average of $1.04 and a 200 day moving average of $1.04.

Parametric Sound Corp. (NASDAQ:HEAR) last announced its earnings results on Tuesday, August 9th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.01. Parametric Sound Corp. had a negative net margin of 67.31% and a negative return on equity of 65.64%. The company earned $29.40 million during the quarter, compared to analysts’ expectations of $24.94 million. On average, equities research analysts predict that Parametric Sound Corp. will post ($0.45) earnings per share for the current fiscal year.

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In related news, insider Carmine J. Bonanno sold 330,839 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $0.93, for a total transaction of $307,680.27. Following the completion of the sale, the insider now directly owns 4,341,621 shares in the company, valued at $4,037,707.53. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Carmine J. Bonanno sold 52,307 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $0.95, for a total transaction of $49,691.65. Following the sale, the insider now owns 4,488,704 shares of the company’s stock, valued at $4,264,268.80. The disclosure for this sale can be found here. 74.00% of the stock is currently owned by company insiders.

A hedge fund recently raised its stake in Parametric Sound Corp. stock. Spark Investment Management LLC increased its stake in Parametric Sound Corp. (NASDAQ:HEAR) by 72.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 198,700 shares of the company’s stock after buying an additional 83,400 shares during the period. Spark Investment Management LLC owned 0.47% of Parametric Sound Corp. worth $226,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.05% of the company’s stock.

About Parametric Sound Corp.

Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.

5 Day Chart for NASDAQ:HEAR

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