Turtle Beach Corporation (NASDAQ:HEAR) Downgraded by Zacks Investment Research
Zacks Investment Research downgraded shares of Turtle Beach Corporation (NASDAQ:HEAR) from a buy rating to a hold rating in a research report report published on Wednesday.
According to Zacks, “Turtle Beach Corporation is an audio technology company. It designs audio products for consumer, commercial and healthcare markets. The company markets premium headsets for use with personal computers, mobile devices and video game consoles under the brand Turtle Beach (TurtleBeach.com). Under the brand HyperSound (HyperSound.com), the company markets pioneering directed audio solutions that have applications in digital signage and kiosks, consumer electronics and healthcare. Turtle Beach Corporation, formerly known as Parametric Sound Corporation, is based in Valhalla, New York. “
Separately, B. Riley reaffirmed a neutral rating and set a $1.30 price objective on shares of Turtle Beach Corporation in a research note on Tuesday, May 2nd.
Turtle Beach Corporation (NASDAQ HEAR) opened at 0.83 on Wednesday. Turtle Beach Corporation has a 52 week low of $0.65 and a 52 week high of $2.00. The stock’s market cap is $40.88 million. The firm’s 50-day moving average is $0.76 and its 200 day moving average is $1.03.
Turtle Beach Corporation (NASDAQ:HEAR) last posted its quarterly earnings data on Tuesday, May 9th. The communications equipment provider reported ($0.19) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.05. Turtle Beach Corporation had a negative net margin of 51.79% and a negative return on equity of 830.32%. The company had revenue of $14.35 million during the quarter, compared to the consensus estimate of $12.61 million. On average, equities research analysts expect that Turtle Beach Corporation will post ($0.11) EPS for the current year.
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Turtle Beach Corporation Company Profile
Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.
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