Insider Selling: Turtle Beach Corporation (HEAR) Insider Sells 56,792 Shares of Stock
Turtle Beach Corporation (NASDAQ:HEAR) insider Frederick J. Romano sold 56,792 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $0.80, for a total value of $45,433.60. Following the transaction, the insider now directly owns 4,702,725 shares of the company’s stock, valued at $3,762,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Turtle Beach Corporation (NASDAQ HEAR) remained flat at $0.80 during trading on Wednesday. 75,264 shares of the company traded hands. The firm has a 50 day moving average price of $0.77 and a 200-day moving average price of $0.78. Turtle Beach Corporation has a 1-year low of $0.56 and a 1-year high of $2.00. The company’s market capitalization is $39.51 million.
Turtle Beach Corporation (NASDAQ:HEAR) last posted its quarterly earnings results on Thursday, August 10th. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.03. The business had revenue of $19.11 million during the quarter, compared to analyst estimates of $17.54 million. Equities research analysts predict that Turtle Beach Corporation will post ($0.07) EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This article was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/11/insider-selling-turtle-beach-corporation-hear-insider-sells-56792-shares-of-stock.html.
Several equities analysts have recently commented on HEAR shares. Zacks Investment Research lowered Turtle Beach Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. B. Riley reaffirmed a “neutral” rating and set a $1.30 target price on shares of Turtle Beach Corporation in a report on Sunday, July 23rd. Finally, ValuEngine lowered Turtle Beach Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st.
A hedge fund recently bought a new stake in Turtle Beach Corporation stock. Coldstream Capital Management Inc. acquired a new position in shares of Turtle Beach Corporation (NASDAQ:HEAR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,729,044 shares of the communications equipment provider’s stock, valued at approximately $3,310,000. Coldstream Capital Management Inc. owned approximately 9.58% of Turtle Beach Corporation at the end of the most recent quarter. Institutional investors and hedge funds own 16.06% of the company’s stock.
About Turtle Beach Corporation
Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.
Receive News & Ratings for Turtle Beach Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turtle Beach Corporation and related companies with MarketBeat.com's FREE daily email newsletter.