Turtle Beach Corporation (HEAR) Insider Frederick J. Romano Sells 26,319 Shares
Turtle Beach Corporation (NASDAQ:HEAR) insider Frederick J. Romano sold 26,319 shares of the stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $0.80, for a total transaction of $21,055.20. Following the transaction, the insider now owns 4,702,725 shares of the company’s stock, valued at $3,762,180. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Turtle Beach Corporation (NASDAQ HEAR) remained flat at $0.80 during midday trading on Wednesday. 75,264 shares of the stock were exchanged. Turtle Beach Corporation has a 12 month low of $0.56 and a 12 month high of $2.00. The firm’s market cap is $39.51 million. The company’s 50-day moving average price is $0.77 and its 200-day moving average price is $0.78.
Turtle Beach Corporation (NASDAQ:HEAR) last posted its earnings results on Thursday, August 10th. The communications equipment provider reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.03. The business had revenue of $19.11 million for the quarter, compared to the consensus estimate of $17.54 million. On average, equities research analysts forecast that Turtle Beach Corporation will post ($0.07) earnings per share for the current year.
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A hedge fund recently bought a new stake in Turtle Beach Corporation stock. Virtu KCG Holdings LLC purchased a new position in shares of Turtle Beach Corporation (NASDAQ:HEAR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 152,515 shares of the communications equipment provider’s stock, valued at approximately $107,000. Virtu KCG Holdings LLC owned about 0.31% of Turtle Beach Corporation as of its most recent filing with the Securities and Exchange Commission (SEC). 16.06% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the stock. B. Riley restated a “neutral” rating and set a $1.30 price objective on shares of Turtle Beach Corporation in a research note on Sunday, July 23rd. Zacks Investment Research upgraded shares of Turtle Beach Corporation from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a research note on Tuesday, August 15th. Finally, ValuEngine downgraded shares of Turtle Beach Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st.
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.
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