Craig Hallum Begins Coverage on Turtle Beach (NASDAQ:TBCH)

Equities research analysts at Craig Hallum assumed coverage on shares of Turtle Beach (NASDAQ:TBCH) in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm set a “buy” rating and a $23.00 price target on the stock. Craig Hallum’s target price indicates a potential upside of 62.89% from the company’s previous close.

Separately, Wedbush raised their price target on shares of Turtle Beach from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, March 14th.

Turtle Beach Stock Performance

Shares of NASDAQ TBCH opened at $14.12 on Monday. The company has a market capitalization of $281.99 million, a P/E ratio of 48.69, a PEG ratio of 0.77 and a beta of 2.05. Turtle Beach has a twelve month low of $12.10 and a twelve month high of $19.50. The company has a quick ratio of 0.60, a current ratio of 1.26 and a debt-to-equity ratio of 0.45.

Turtle Beach (NASDAQ:TBCH) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.11). Turtle Beach had a net margin of 1.41% and a return on equity of 9.18%. The business had revenue of $146.08 million for the quarter, compared to the consensus estimate of $154.10 million. On average, sell-side analysts forecast that Turtle Beach will post 1.17 EPS for the current fiscal year.

About Turtle Beach

Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, personal computers, handheld consoles, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, mousepads, and other accessories for the personal computer peripherals market under the brand of ROCCAT, as well as digital USB and analog microphones under the Neat Microphones brand.