Turtle Beach Corporation (NASDAQ:TBCH) Stock Has Consensus Target Price of $16.40

Shares of Turtle Beach Corporation (NASDAQ:TBCH) have been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $15.80.

A number of analysts recently commented on TBCH shares. B. Riley Financial lowered Turtle Beach from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research note on Friday. Zacks Research raised shares of Turtle Beach from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Weiss Ratings upgraded shares of Turtle Beach from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, October 19th. Wall Street Zen raised shares of Turtle Beach from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Finally, Roth Capital reaffirmed a “buy” rating and set a $18.00 price target on shares of Turtle Beach in a research note on Thursday, October 15th.

Turtle Beach Stock Performance

NASDAQ:TBCH opened at $15.19 on Friday. Turtle Beach has a 12-month low of $9.84 and a 12-month high of $17.10. The company has a current ratio of 1.93, a quick ratio of 0.99 and a debt-to-equity ratio of 0.88. The stock’s 50 day simple moving average is $13.97 and its 200-day simple moving average is $12.64. The firm has a market cap of $272.05 million, a P/E ratio of -303.80 and a beta of 2.36.

Turtle Beach (NASDAQ:TBCH) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Turtle Beach had a negative net margin of 0.17% and a positive return on equity of 0.58%. The business had revenue of $84.70 million during the quarter. Equities analysts anticipate that Turtle Beach will post 0.72 EPS for the current year.

Trending Headlines about Turtle Beach

Here are the key news stories impacting Turtle Beach this week:

• Positive Sentiment: Zacks added TBCH to its Rank #1 (Strong Buy) list. Its report also said third-quarter EPS of $0.26 matched consensus and rose from $0.08 a year earlier. Zacks Strong Buy list
• Neutral Sentiment: Turtle Beach reaffirmed FY 2026 revenue guidance of $335 million–$355 million, a range that includes the $343.7 million analyst consensus. Third-quarter results and guidance
• Negative Sentiment: B. Riley cut its rating from Buy to Neutral, although it kept its $17 price target. The downgrade may be pressuring shares; the target still implies potential upside from the reported trading level. B. Riley rating change
• Negative Sentiment: Third-quarter EPS reports conflict: Zacks cited $0.26, in line with consensus, while MarketBeat reported $0.24 versus a $0.26 estimate. That discrepancy leaves investors with mixed signals on whether results met expectations. MarketBeat earnings report

Insider Buying and Selling

In related news, major shareholder Dc Vga Llc sold 5,671 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $13.00, for a total value of $73,723.00. Following the transaction, the insider owned 1,775,441 shares in the company, valued at approximately $23,080,733. This trade represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Turtle Beach

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pullen Investment Management LLC raised its holdings in Turtle Beach by 20.6% in the third quarter. Pullen Investment Management LLC now owns 193,581 shares of the company’s stock valued at $2,472,000 after acquiring an additional 33,013 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Turtle Beach during the 2nd quarter worth $141,000. AXQ Capital LP acquired a new position in Turtle Beach during the 2nd quarter worth $211,000. Hennessy Advisors Inc. acquired a new position in Turtle Beach during the 2nd quarter worth $150,000. Finally, Pinnacle Holdings LLC bought a new stake in shares of Turtle Beach in the 2nd quarter worth about $798,000. Hedge funds and other institutional investors own 67.01% of the company’s stock.

Turtle Beach Company Profile

Turtle Beach Corporation (NASDAQ: TBCH) develops and markets gaming accessories and related consumer technology products. Its portfolio includes gaming headsets, controllers, keyboards, mice, microphones, and other accessories designed for use with consoles, PCs, and mobile devices. The company also offers products for flight simulation and other gaming applications.

The company’s products are sold under the Turtle Beach brand and, following its acquisition of Performance Designed Products, under brands including PDP.