Zacks Investment Research upgraded shares of Parametric Sound Corp. (NASDAQ:HEAR) from a hold rating to a buy rating in a research note released on Tuesday morning. The brokerage currently has $1.25 price objective on the stock.

According to Zacks, “Turtle Beach Corporation is an audio technology company. It designs audio products for consumer, commercial and healthcare markets. The company markets premium headsets for use with personal computers, mobile devices and video game consoles under the brand Turtle Beach (TurtleBeach.com). Under the brand HyperSound (HyperSound.com), the company markets pioneering directed audio solutions that have applications in digital signage and kiosks, consumer electronics and healthcare. Turtle Beach Corporation, formerly known as Parametric Sound Corporation, is based in Valhalla, New York. “

Separately, B. Riley reissued a buy rating and set a $2.00 price objective on shares of Parametric Sound Corp. in a report on Sunday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $2.36.

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

Shares of Parametric Sound Corp. (NASDAQ:HEAR) opened at 1.22 on Tuesday. Parametric Sound Corp. has a 12 month low of $0.83 and a 12 month high of $3.72. The company’s market cap is $60.06 million. The firm’s 50-day moving average is $1.15 and its 200-day moving average is $1.06.

Parametric Sound Corp. (NASDAQ:HEAR) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.23) earnings per share for the quarter, beating 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 firm 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 year.

In other Parametric Sound Corp. news, insider Carmine J. Bonanno sold 1,401,719 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $1.07, for a total value of $1,499,839.33. Following the completion of the transaction, the insider now directly owns 2,784,580 shares in the company, valued at $2,979,500.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Frederick J. Romano sold 144,000 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $1.33, for a total transaction of $191,520.00. Following the completion of the transaction, the insider now owns 4,819,000 shares of the company’s stock, valued at $6,409,270. The disclosure for this sale can be found here. 74.00% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in Parametric Sound Corp. stock. Spark Investment Management LLC boosted its position in Parametric Sound Corp. (NASDAQ:HEAR) by 72.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 approximately 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.

Parametric Sound Corp. Company Profile

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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