Turtle Beach Corporation (HEAR) Insider Sells $876,000.00 in Stock
Turtle Beach Corporation (NASDAQ:HEAR) insider Frederick J. Romano sold 1,200,000 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $0.73, for a total value of $876,000.00. Following the completion of the transaction, the insider now directly owns 3,433,489 shares of the company’s stock, valued at approximately $2,506,446.97. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Turtle Beach Corporation (NASDAQ HEAR) traded up 2.0839% during trading on Monday, reaching $0.7299. The company had a trading volume of 107,084 shares. Turtle Beach Corporation has a 1-year low of $0.56 and a 1-year high of $2.00. The stock’s market capitalization is $36.05 million. The firm has a 50-day moving average of $0.79 and a 200-day moving average of $0.77.
Turtle Beach Corporation (NASDAQ:HEAR) last announced its quarterly earnings data on Thursday, August 10th. The communications equipment provider reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.03. The business had revenue of $19.11 million during the quarter, compared to analysts’ expectations of $17.54 million. On average, analysts anticipate that Turtle Beach Corporation will post ($0.07) EPS for the current fiscal year.
A hedge fund recently bought a new stake in Turtle Beach Corporation stock. Virtu KCG Holdings LLC purchased a new stake in shares of Turtle Beach Corporation (NASDAQ:HEAR) in the second quarter, according to its most recent filing with the SEC. The firm purchased 152,515 shares of the communications equipment provider’s stock, valued at approximately $107,000. Virtu KCG Holdings LLC owned 0.31% of Turtle Beach Corporation at the end of the most recent quarter. Hedge funds and other institutional investors own 16.06% of the company’s stock.
A number of equities analysts recently weighed in on HEAR shares. ValuEngine cut Turtle Beach Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research cut Turtle Beach Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $1.30 price target on shares of Turtle Beach Corporation in a report on Sunday, July 23rd.
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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