Turtle Beach’s (TBCH) Neutral Rating Reiterated at Wedbush

Wedbush reissued their neutral rating on shares of Turtle Beach (NASDAQ:TBCH) in a report released on Monday morning,Benzinga reports. Wedbush currently has a $14.00 target price on the stock.

Several other research analysts also recently weighed in on the stock. Zacks Research upgraded shares of Turtle Beach from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Roth Mkm decreased 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 report on Monday, November 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Turtle Beach in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and three have issued 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 an average price target of $17.80.

Turtle Beach Trading Down 0.7%

NASDAQ TBCH opened at $13.44 on Monday. 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 has a 52 week low of $8.78 and a 52 week high of $17.39. The business has a 50 day moving average price of $12.71 and a 200-day moving average price of $14.20. The company has a market cap of $259.54 million, a price-to-earnings ratio of 15.63, a P/E/G ratio of 0.74 and a beta of 2.22.

Institutional Trading of Turtle Beach

Several institutional investors have recently made changes to their positions in the company. Deutsche Bank AG lifted 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 grew its position in Turtle Beach by 87.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,988 shares of the company’s stock worth $48,000 after purchasing an additional 1,392 shares in the last quarter. AlphaQuest LLC increased its stake in Turtle Beach by 44.9% in the 3rd quarter. AlphaQuest LLC now owns 5,461 shares of the company’s stock valued at $87,000 after buying an additional 1,693 shares during the last quarter. State of Wisconsin Investment Board lifted its position 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 buying an additional 2,132 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Turtle Beach by 13.4% during the 3rd quarter. Franklin Resources Inc. now owns 19,726 shares of the company’s stock worth $314,000 after buying an additional 2,335 shares in the last quarter. Institutional investors own 67.01% of the company’s stock.

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.