Key Points
- Director Katherine Lee Scherping sold 19,902 shares on March 23 at an average price of $11.62 for about $231,261, cutting her stake by roughly 57.9% to 14,465 shares.
- Analyst sentiment is mixed but mildly positive — the stock has an average rating of "Moderate Buy" with an average target of $17.00, though several firms have trimmed targets recently (e.g., Oppenheimer $18, B. Riley $20, Wedbush $11); four analysts rate it Buy and three rate it Hold.
- Stock snapshot: TBCH is trading near $11.76 with a market cap of about $230.5M, a 50-day/200-day SMA of $12.40/$13.96, a 52-week range of $8.78–$17.39, and roughly 67% institutional ownership.
Turtle Beach Corporation (NASDAQ:TBCH - Get Free Report) Director Katherine Lee Scherping sold 19,902 shares of the business's stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $11.62, for a total transaction of $231,261.24. Following the transaction, the director owned 14,465 shares in the company, valued at $168,083.30. This represents a 57.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Katherine Lee Scherping also recently made the following trade(s):
- On Friday, March 20th, Katherine Lee Scherping sold 98 shares of Turtle Beach stock. The shares were sold at an average price of $11.50, for a total transaction of $1,127.00.
Turtle Beach Trading Down 0.3%
Turtle Beach stock opened at $11.76 on Thursday. The stock has a 50-day simple moving average of $12.40 and a 200 day simple moving average of $13.96. The stock has a market capitalization of $230.50 million, a P/E ratio of 15.08, a PEG ratio of 0.83 and a beta of 2.22. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.98. Turtle Beach Corporation has a 52 week low of $8.78 and a 52 week high of $17.39.
Institutional Investors Weigh In On Turtle Beach
A number of institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in shares of Turtle Beach by 87.2% in the third quarter. BNP Paribas Financial Markets now owns 2,988 shares of the company's stock valued at $48,000 after purchasing an additional 1,392 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in Turtle Beach during the 2nd quarter worth approximately $55,000. Lazard Asset Management LLC acquired a new stake in Turtle Beach during the 2nd quarter worth approximately $76,000. Virtus Advisers LLC bought a new stake in Turtle Beach in the 2nd quarter valued at $79,000. Finally, New York State Common Retirement Fund bought a new stake in Turtle Beach in the 2nd quarter valued at $81,000. Institutional investors own 67.01% of the company's stock.
Wall Street Analysts Forecast Growth
TBCH has been the subject of several research analyst reports. B. Riley Financial reduced their target price on Turtle Beach from $21.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, March 10th. Weiss Ratings restated a "hold (c)" rating on shares of Turtle Beach in a research note on Monday, December 29th. Oppenheimer reaffirmed an "outperform" rating and set a $18.00 price target (down from $20.00) on shares of Turtle Beach in a report on Friday, March 13th. Zacks Research raised shares of Turtle Beach from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 4th. Finally, Wedbush decreased their price objective on shares of Turtle Beach from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, March 16th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.00.
View Our Latest Stock Report on TBCH
Turtle Beach Company Profile
(
Get Free Report)
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.
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