Turtle Beach Corporation (NASDAQ:TBCH) Receives Consensus Rating of “Moderate Buy” from Analysts

Turtle Beach Corporation (NASDAQ:TBCH) has been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.00.

A number of brokerages have recently weighed in on TBCH. Weiss Ratings restated a “hold (c)” rating on shares of Turtle Beach in a research note on Monday, December 8th. Wedbush upped their price target on shares of Turtle Beach from $13.50 to $14.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. B. Riley started coverage on shares of Turtle Beach in a research note on Thursday, October 2nd. They set a “buy” rating and a $21.00 price objective for the company. Finally, Roth Capital dropped their price objective on shares of Turtle Beach from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, November 24th.

Turtle Beach Trading Down 1.9%

NASDAQ:TBCH opened at $14.66 on Tuesday. The stock has a market capitalization of $283.08 million, a price-to-earnings ratio of 17.05, a PEG ratio of 0.89 and a beta of 2.17. Turtle Beach has a 52 week low of $8.78 and a 52 week high of $19.50. The company has a quick ratio of 0.75, a current ratio of 1.60 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $14.98 and a 200 day moving average of $14.66.

Turtle Beach (NASDAQ:TBCH) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). Turtle Beach had a return on equity of 16.44% and a net margin of 5.26%.The business had revenue of $80.46 million during the quarter. As a group, sell-side analysts anticipate that Turtle Beach will post 1.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Turtle Beach

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC acquired a new stake in Turtle Beach during the 2nd quarter valued at approximately $41,000. BNP Paribas Financial Markets raised its holdings in shares of Turtle Beach by 87.2% during the third quarter. BNP Paribas Financial Markets now owns 2,988 shares of the company’s stock worth $48,000 after purchasing an additional 1,392 shares during the last quarter. AlphaQuest LLC acquired a new position in Turtle Beach during the second quarter valued at $52,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Turtle Beach in the second quarter valued at $55,000. Finally, CWM LLC acquired a new stake in Turtle Beach during the 2nd quarter worth about $65,000. Institutional investors and hedge funds own 67.01% of the company’s stock.

Turtle Beach 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.