Frederick J. Romano Sells 56,792 Shares of Turtle Beach Corporation (HEAR) Stock

Turtle Beach Corporation (NASDAQ:HEAR) insider Frederick J. Romano sold 56,792 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $0.80, for a total value of $45,433.60. Following the completion of the sale, the insider now directly owns 4,702,725 shares of the company’s stock, valued at $3,762,180. The sale was disclosed in a filing with the SEC, which is available at this link.

Turtle Beach Corporation (NASDAQ:HEAR) last posted its earnings results on Thursday, August 10th. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.03. The business had revenue of $19.11 million during the quarter, compared to analyst estimates of $17.54 million.

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Several brokerages recently issued reports on HEAR. B. Riley reissued a “neutral” rating and issued a $1.30 price objective on shares of Turtle Beach Corporation in a research note on Sunday, July 23rd. Zacks Investment Research downgraded Turtle Beach Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine downgraded Turtle Beach Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st.

An institutional investor recently bought a new position in Turtle Beach Corporation stock. Virtu KCG Holdings LLC acquired a new position in shares of Turtle Beach Corporation (NASDAQ:HEAR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 152,515 shares of the communications equipment provider’s stock, valued at approximately $107,000. Virtu KCG Holdings LLC owned 0.31% of Turtle Beach Corporation at the end of the most recent reporting period. Institutional investors and hedge funds own 16.06% of the company’s stock.

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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