Turtle Beach (NASDAQ:TBCH) Price Target Lowered to $20.00 at B. Riley Financial

Turtle Beach (NASDAQ:TBCH) had its target price trimmed by B. Riley Financial from $21.00 to $20.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

TBCH has been the subject of a number of other research reports. Roth Mkm lowered their price target on Turtle Beach from $22.00 to $20.00 and set a “buy” rating for the company in a report on Monday, November 24th. Wedbush reaffirmed a “neutral” rating and issued a $14.00 price objective on shares of Turtle Beach in a research note on Monday. Zacks Research upgraded shares of Turtle Beach from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Turtle Beach in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.80.

Turtle Beach Stock Up 1.5%

Shares of NASDAQ TBCH opened at $13.53 on Tuesday. The stock has a market capitalization of $261.26 million, a P/E ratio of 15.73, a PEG ratio of 0.71 and a beta of 2.22. The stock’s fifty day moving average is $12.73 and its 200 day moving average is $14.20. Turtle Beach has a 52 week low of $8.78 and a 52 week high of $17.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.75 and a current ratio of 1.60.

Hedge Funds Weigh In On Turtle Beach

Hedge funds have recently modified their holdings of the company. Deutsche Bank AG grew its position in shares of Turtle Beach by 8.4% during the fourth quarter. Deutsche Bank AG now owns 11,592 shares of the company’s stock valued at $163,000 after purchasing an additional 898 shares in the last quarter. BNP Paribas Financial Markets increased its position in Turtle Beach by 87.2% during the third quarter. BNP Paribas Financial Markets now owns 2,988 shares of the company’s stock valued at $48,000 after acquiring an additional 1,392 shares during the last quarter. AlphaQuest LLC lifted its stake in Turtle Beach by 44.9% in the third quarter. AlphaQuest LLC now owns 5,461 shares of the company’s stock worth $87,000 after purchasing an additional 1,693 shares during the last quarter. State of Wisconsin Investment Board lifted its stake in shares of Turtle Beach by 9.4% during the 4th quarter. State of Wisconsin Investment Board now owns 24,908 shares of the company’s stock worth $349,000 after acquiring an additional 2,132 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Turtle Beach by 13.4% during the 3rd quarter. Franklin Resources Inc. now owns 19,726 shares of the company’s stock valued at $314,000 after buying an additional 2,335 shares in the last quarter. 67.01% of the stock is currently owned by institutional investors.

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.