Wedbush Reiterates Neutral Rating for Turtle Beach (NASDAQ:TBCH)

Turtle Beach (NASDAQ:TBCH)‘s stock had its “neutral” rating reiterated by Wedbush in a report released on Tuesday, Marketbeat.com reports. They presently have a $9.00 price objective on the stock, down from their prior price objective of $21.00. Wedbush’s price target suggests a potential downside of 3.12% from the stock’s current price.

Separately, Craig Hallum initiated coverage on shares of Turtle Beach in a research note on Monday, March 31st. They set a “buy” rating and a $23.00 price target on the stock.

Turtle Beach Trading Down 0.4 %

Shares of TBCH opened at $9.29 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.60 and a current ratio of 1.26. The stock has a market cap of $186.89 million, a price-to-earnings ratio of 32.03, a PEG ratio of 0.77 and a beta of 2.04. Turtle Beach has a 12 month low of $8.78 and a 12 month high of $19.50. The firm’s fifty day simple moving average is $12.61.

Turtle Beach (NASDAQ:TBCH) last released its quarterly earnings results on Thursday, March 13th. The company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.11). Turtle Beach had a net margin of 1.41% and a return on equity of 9.18%. The business had revenue of $146.08 million during the quarter, compared to analysts’ expectations of $154.10 million. As a group, research analysts forecast that Turtle Beach will post 1.17 EPS for the current year.

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.