Turtle Beach Corporation (NASDAQ:TBCH) Given Average Rating of “Moderate Buy” by Analysts

Shares of Turtle Beach Corporation (NASDAQ:TBCH) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $18.00.

Several equities research analysts recently issued reports on TBCH shares. Weiss Ratings restated a “hold (c)” rating on shares of Turtle Beach in a report on Monday, December 29th. Wedbush increased their price target on Turtle Beach from $13.50 to $14.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Roth Mkm cut their price objective on Turtle Beach from $22.00 to $20.00 and set a “buy” rating for the company in a report on Monday, November 24th. Finally, Zacks Research upgraded Turtle Beach from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th.

Turtle Beach Stock Performance

Shares of NASDAQ TBCH opened at $12.54 on Friday. The firm’s 50-day moving average price is $12.86 and its 200-day moving average price is $14.35. Turtle Beach has a 52-week low of $8.78 and a 52-week high of $17.85. The company has a market cap of $242.15 million, a PE ratio of 14.58, a PEG ratio of 0.67 and a beta of 2.23. The company has a quick ratio of 0.75, a current ratio of 1.60 and a debt-to-equity ratio of 0.44.

Institutional Trading of Turtle Beach

Several large investors have recently added to or reduced their stakes in TBCH. Aristides Capital LLC purchased a new stake in Turtle Beach in the second quarter worth about $279,000. LSV Asset Management bought a new position in shares of Turtle Beach during the 3rd quarter valued at approximately $2,304,000. Garnet Equity Capital Holdings Inc. purchased a new stake in Turtle Beach in the 2nd quarter worth approximately $22,608,000. AWM Investment Company Inc. bought a new stake in Turtle Beach during the 2nd quarter worth approximately $6,256,000. Finally, Formula Growth Ltd. purchased a new position in Turtle Beach during the second quarter valued at approximately $1,614,000. 67.01% of the stock is currently owned by institutional investors.

About Turtle Beach

Turtle Beach Corporation (NASDAQ:TBCH) is a global developer, manufacturer and distributor of gaming audio peripherals, specializing in headsets, microphones and audio accessories for PC, console and mobile platforms. The company’s product lineup spans wired and wireless gaming headsets, mixing stations, sound cards and accessories designed to enhance the immersive experience for casual and professional gamers alike.

Founded in 1975 and headquartered in San Diego, California, Turtle Beach has built a longstanding reputation in audio innovation.