DTS Inc Receives a Hold from B. Riley

By Jason Carr

B. Riley analyst Eric Wold reiterated a Hold rating on DTS Inc (NASDAQ: DTSI) yesterday and set a price target of $42.50. The company’s shares opened today at $42.38, close to its 52-week high of $42.80.

According to TipRanks.com, Wold is a 5-star analyst with an average return of 10.4% and a 56.7% success rate. Wold covers the Services sector, focusing on stocks such as Salem Communications Corp., Reading International Inc, and Cinemark Holdings Inc.

DTS Inc has an analyst consensus of Moderate Buy, with a price target consensus of $41.25.

Based on DTS Inc’s latest earnings report from June 30, the company posted quarterly revenue of $48.66M and quarterly net profit of $4.69M. In comparison, last year the company earned revenue of $30.67M and had a net profit of -$2.8M.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock. Most recently, in March 2016, Frederick Lee Kitson, the EVP & CTO of DTSI sold 4,583 shares for a total of $100,510.

DTS, Inc. engages in the provision of audio solutions to consumer electronic devices. Its solutions enables recording, delivery and playback of audio. The company was founded by Terry Beard in 1990 and is headquartered in Calabasas, CA.