AWM Investment Company Inc. Makes New Investment in Turtle Beach Corporation $TBCH

AWM Investment Company Inc. bought a new stake in Turtle Beach Corporation (NASDAQ:TBCH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 452,352 shares of the company’s stock, valued at approximately $6,256,000. AWM Investment Company Inc. owned about 2.28% of Turtle Beach as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC acquired a new position in Turtle Beach during the 2nd quarter valued at about $41,000. AlphaQuest LLC bought a new stake in shares of Turtle Beach during the second quarter valued at approximately $52,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Turtle Beach during the second quarter valued at approximately $55,000. CWM LLC acquired a new position in shares of Turtle Beach during the second quarter worth approximately $65,000. Finally, Virtus Advisers LLC bought a new position in Turtle Beach in the 2nd quarter worth approximately $79,000. Institutional investors own 67.01% of the company’s stock.

Turtle Beach Trading Down 0.3%

Shares of TBCH stock opened at $14.95 on Friday. The stock has a 50-day simple moving average of $15.00 and a 200 day simple moving average of $14.58. The stock has a market capitalization of $288.68 million, a P/E ratio of 17.38, a P/E/G ratio of 0.90 and a beta of 2.17. Turtle Beach Corporation has a fifty-two week low of $8.78 and a fifty-two 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.

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 the consensus estimate of $0.15 by ($0.07). The business had revenue of $80.46 million for the quarter. Turtle Beach had a net margin of 5.26% and a return on equity of 16.44%. On average, sell-side analysts expect that Turtle Beach Corporation will post 1.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TBCH. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turtle Beach in a research note on Monday. Wedbush lifted their price objective 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 began coverage on shares of Turtle Beach in a report on Thursday, October 2nd. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Roth Capital lowered their target price on shares of Turtle Beach from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Turtle Beach presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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.