Turtle Beach Corporation (TBCH) – What Are Researchers Saying About This Stock?

Turtle Beach Corporation (NASDAQ:TBCH) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $15.80.

A number of equities research analysts have issued reports on TBCH shares. Roth Capital reiterated a “buy” rating and set a $18.00 target price on shares of Turtle Beach in a report on Thursday, October 15th. Zacks Research upgraded shares of Turtle Beach from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 5th. Wall Street Zen upgraded shares of Turtle Beach from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. B. Riley Financial lowered Turtle Beach from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research report on Friday, November 6th. Finally, Weiss Ratings upgraded Turtle Beach from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, October 19th.

Institutional Investors Weigh In On Turtle Beach

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Turtle Beach by 26.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 437,882 shares of the company’s stock valued at $4,440,000 after purchasing an additional 90,677 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Turtle Beach during the second quarter worth about $798,000. Bank of New York Mellon Corp acquired a new position in shares of Turtle Beach during the second quarter worth about $741,000. Globeflex Capital L P acquired a new position in shares of Turtle Beach during the second quarter worth about $596,000. Finally, Pullen Investment Management LLC increased its stake in shares of Turtle Beach by 20.6% during the third quarter. Pullen Investment Management LLC now owns 193,581 shares of the company’s stock worth $2,472,000 after buying an additional 33,013 shares during the period. Hedge funds and other institutional investors own 67.01% of the company’s stock.

Turtle Beach Stock Down 1.4%

Shares of NASDAQ:TBCH opened at $16.50 on Friday. The firm has a market capitalization of $296.01 million, a PE ratio of -330.00 and a beta of 2.36. Turtle Beach has a 1 year low of $9.84 and a 1 year high of $17.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.93 and a quick ratio of 0.99. The firm’s 50-day moving average is $14.31 and its two-hundred day moving average is $12.70.

Turtle Beach (NASDAQ:TBCH) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). The business had revenue of $84.70 million during the quarter. Turtle Beach had a negative net margin of 0.17% and a positive return on equity of 0.58%. Analysts predict that Turtle Beach will post 0.78 EPS for the current year.

About Turtle Beach

Turtle Beach Corporation develops and markets gaming accessories and audio products for console, PC and mobile players. Its product lineup includes gaming headsets, controllers, keyboards, mice and related accessories sold under the Turtle Beach and PDP brands. The company serves customers through retail and online channels in North America and international markets. Its products are designed for use with major gaming platforms and are aimed at both casual and competitive players. Turtle Beach traces its roots to an audio technology business established in 1975.