Aristides Capital LLC Makes New Investment in Turtle Beach Corporation $TBCH

Aristides Capital LLC acquired a new position in Turtle Beach Corporation (NASDAQ:TBCH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,163 shares of the company’s stock, valued at approximately $279,000. Aristides Capital LLC owned about 0.10% of Turtle Beach as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. North Star Investment Management Corp. acquired a new stake in Turtle Beach during the 2nd quarter worth about $3,153,000. Signaturefd LLC purchased a new stake in shares of Turtle Beach in the second quarter worth approximately $41,000. CWM LLC purchased a new stake in Turtle Beach in the 2nd quarter valued at $65,000. AlphaQuest LLC purchased a new stake in shares of Turtle Beach in the second quarter valued at about $52,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Turtle Beach during the 2nd quarter worth approximately $154,000. Institutional investors and hedge funds own 67.01% of the company’s stock.

Turtle Beach Price Performance

Shares of NASDAQ TBCH opened at $13.57 on Thursday. Turtle Beach Corporation has a 1 year low of $8.78 and a 1 year high of $19.50. The stock has a market capitalization of $262.04 million, a P/E ratio of 15.78, a P/E/G ratio of 0.82 and a beta of 2.01. The company’s 50-day moving average is $15.29 and its 200 day moving average is $14.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.60 and a quick ratio of 0.75.

Turtle Beach (NASDAQ:TBCH) last released its earnings results on Thursday, November 6th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). The firm had revenue of $80.46 million during the quarter. Turtle Beach had a net margin of 5.26% and a return on equity of 16.44%. Turtle Beach has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Turtle Beach Corporation will post 1.17 earnings per share for the current year.

Wall Street Analyst Weigh In

TBCH has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Turtle Beach in a research note on Tuesday. Oppenheimer restated an “outperform” rating and set a $19.00 target price on shares of Turtle Beach in a research report on Friday, August 8th. Wedbush raised their price objective on shares of Turtle Beach from $13.50 to $14.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. B. Riley initiated coverage on 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 cut their price target on shares of Turtle Beach from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.00.

Turtle Beach 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.