Parametric Sound Corp. (NASDAQ:HEAR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $1.75 target price on the stock. Zacks Investment Research’s price objective indicates a potential upside of 15.89% from the company’s previous close.

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 restated a “buy” rating and set a $2.00 price target on shares of Parametric Sound Corp. in a research note on Wednesday, August 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $1.73.

Shares of Parametric Sound Corp. (NASDAQ:HEAR) opened at 1.51 on Tuesday. Parametric Sound Corp. has a 12 month low of $0.83 and a 12 month high of $2.59. The firm’s 50-day moving average price is $1.35 and its 200-day moving average price is $1.11. The firm’s market cap is $74.34 million.

Parametric Sound Corp. (NASDAQ:HEAR) last released its quarterly earnings results on Thursday, November 10th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.06. Parametric Sound Corp. had a negative return on equity of 62.79% and a negative net margin of 82.75%. The company had revenue of $38.40 million for the quarter, compared to analysts’ expectations of $37.37 million. Analysts expect that Parametric Sound Corp. will post ($0.45) earnings per share for the current year.

In related news, major shareholder Carmine J. Bonanno sold 31,200 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $1.02, for a total value of $31,824.00. Following the transaction, the insider now owns 4,100,059 shares of the company’s stock, valued at $4,182,060.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Carmine J. Bonanno sold 24,900 shares of the stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $1.04, for a total value of $25,896.00. Following the completion of the transaction, the insider now directly owns 4,100,059 shares in the company, valued at approximately $4,264,061.36. The disclosure for this sale can be found here. 74.00% of the stock is owned by insiders.

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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