Brokerage firm B. Riley Downgrades its rating on DTS(NASDAQ:DTSI). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by B. Riley was issued on Sep 21, 2016.
In a different note, On Aug 9, 2016, JP Morgan said it Maintains its rating on DTS. In the research note, the firm Raises the price-target to $26.00 per share. The shares have been rated ‘Neutral’ by the firm.
DTS (DTSI) made into the market gainers list on Tuesdays trading session with the shares advancing 23.04% or 7.91 points. Due to strong positive momentum, the stock ended at $42.24, which is also near the day’s high of $42.39. The stock began the session at $42.06 and the volume stood at 29,39,973 shares. The 52-week high of the shares is $42.39 and the 52 week low is $19.6201. The company has a current market capitalization of $745 M and it has 1,76,39,216 shares in outstanding.
DTS(DTSI) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $48.66M. Analysts had an estimated revenue of $44.61M. Earnings per share were $0.67. Analysts had estimated an EPS of $0.49.
Several Insider Transactions has been reported to the SEC. On Mar 16, 2016, Frederick Lee Kitson (EVP & Chief Technology Officer) sold 4,583 shares at $21.93 per share price.Also, On Jun 22, 2015, Patrick Watson (EVP, Corp Strategy & Dev) sold 9,375 shares at $31.81 per share price.On May 27, 2015, Blake Welcher (EVP Legal, GC & Sec) sold 12,903 shares at $32.42 per share price, according to the Form-4 filing with the securities and exchange commission.
DTS Inc. is an audio technology solutions provider for high-definition entertainment experiences. The Company’s audio solutions are designed to enable recording delivery and playback of high-definition audio and are included by licensee customers around the world into a range of consumer electronics devices including televisions (TVs) personal computers (PCs) smartphones tablets digital media players (DMPs) set-top-boxes soundbars wireless speakers video game consoles Blu-ray Disc players automotive audio systems audio video receivers (AVRs) digital versatile disc (DVD)-based products and home theater systems. The Company’s end-to-end audio solutions include DTS-HD DTS-HD Master Audio DTS Sound DTS Studio Sound DTS-HD Premium Sound DTS TruSurround DTS Neural Surround DTS Headphone:X DTS Play-Fi and DTS:X.