Turtle Beach (NASDAQ:TBCH) Receives “Neutral” Rating from Wedbush

Wedbush reissued their neutral rating on shares of Turtle Beach (NASDAQ:TBCH) in a research report sent to investors on Monday,Benzinga reports. They currently have a $14.00 price target on the stock.

Several other research firms have also issued reports on TBCH. Roth Mkm reduced their target price 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, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Turtle Beach in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Turtle Beach from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Turtle Beach presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Turtle Beach Trading Up 2.9%

NASDAQ TBCH opened at $13.33 on Monday. The firm has a market capitalization of $257.40 million, a P/E ratio of 15.50, a PEG ratio of 0.69 and a beta of 2.22. The business has a fifty day simple moving average of $12.74 and a 200 day simple moving average of $14.22. Turtle Beach has a 12 month low of $8.78 and a 12 month high of $17.39. The company has a current ratio of 1.60, a quick ratio of 0.75 and a debt-to-equity ratio of 0.44.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Invesco Ltd. increased its position in shares of Turtle Beach by 9.9% during the 4th quarter. Invesco Ltd. now owns 46,088 shares of the company’s stock valued at $647,000 after purchasing an additional 4,170 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Turtle Beach during the 4th quarter valued at approximately $149,000. Millennium Management LLC bought a new position in shares of Turtle Beach during the 4th quarter valued at approximately $2,626,000. AQR Capital Management LLC increased its stake in shares of Turtle Beach by 7.1% during the 4th quarter. AQR Capital Management LLC now owns 124,953 shares of the company’s stock worth $1,753,000 after purchasing an additional 8,327 shares during the last quarter. Finally, Windward Management LP purchased a new stake in shares of Turtle Beach during the 4th quarter worth approximately $24,073,000. Institutional investors own 67.01% of the company’s stock.

Turtle Beach Company Profile

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.