Stocks of Turtle Beach Corporation (NASDAQ:HEAR) traded higher last session on Wall Street, up 5.83% to $7.26.
According to the data, Turtle Beach Corporation (NASDAQ:HEAR) has 5 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $18.00 and a low of $9.00, we find $10.00. Given the previous closing price of $6.86, this indicates a potential upside of 45.77 percent. HEAR stock price is now -13.20% away from the 50-day moving average and -25.52% away from the 200-day moving average. The market capitalization of the company currently stands at $127.05M.
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A total of 1 analysts have issued a hold rating and 4 have given it a buy rating. Brokers who have rated the stock have averaged $11.75 as their price target over the next twelve months.
With the price target of $18, ROTH Capital recently initiated with Buy rating for Turtle Beach Corporation (NASDAQ: HEAR)., while ‘DA Davidson’ rates the stock as ‘Neutral’.
In other news, Ballard Lloyd Gregory, Director bought 7,800 shares of the company’s stock on Nov 18. The stock was bought for $71,370 at an average price of $9.15. Upon completion of the transaction, the Director now directly owns 46,522 shares in the company, valued at $0.34 million. Insiders disposed of 8,844 shares of company stock worth roughly $64207.439999999995 over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HEAR stock. A new stake in Turtle Beach Corporation shares was purchased by LONG FOCUS CAPITAL MANAGEMENT, LLC during the first quarter worth $2,214,000. FULLER & THALER ASSET MANAGEMENT, INC. invested $1,563,000 in shares of HEAR during the first quarter. In the first quarter, NORGES BANK acquired a new stake in Turtle Beach Corporation valued at approximately $783,000. BANK OF MONTREAL /CAN/ acquired a new stake in HEAR for approximately $516,000. FUND 1 INVESTMENTS, LLC purchased a new stake in HEAR valued at around $506,000 in the second quarter. In total, there are 156 active investors with 73.80% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $6.50 for Turtle Beach Corporation (NASDAQ: HEAR). During the past 12 months, Turtle Beach Corporation has had a low of $6.22 and a high of $22.83. As of last week, the company has a debt-to-equity ratio of 0.41, a current ratio of 1.80, and a quick ratio of 0.50. The fifty day moving average price for HEAR is $8.37 and a two-hundred day moving average price translates $9.69 for the stock.
The latest earnings results from Turtle Beach Corporation (NASDAQ: HEAR) was released for Sep, 2022. According to the Consumer Electronics Company, earnings per share came in at -$0.47, missing analysts’ expectations of -$0.37 by -0.1. This compares to $0.14 EPS in the same period last year. The net profit margin was -12.80% and return on equity was -25.10% for HEAR. The company reported revenue of $51.3 million for the quarter, compared to $85.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -39.86 percent. For the current quarter, analysts expect HEAR to generate $110.43M in revenue.
Turtle Beach Corporation(HEAR) Company Profile
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. It serves retailers, distributors, and other customers in North America, the United Kingdom, Europe, and internationally. The company was founded in 1975 and is headquartered in White Plains, New York.
