Turtle Beach (NASDAQ:TBCH) Stock Price Expected to Rise, Wedbush Analyst Says

Turtle Beach (NASDAQ:TBCH) had its price objective hoisted by Wedbush from $13.50 to $14.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Wedbush’s target price would suggest a potential downside of 2.98% from the stock’s previous close. Wedbush also issued estimates for Turtle Beach’s Q4 2025 earnings at $1.17 EPS, FY2025 earnings at $1.08 EPS, Q3 2026 earnings at $0.20 EPS and Q3 2027 earnings at $0.28 EPS.

Other equities research analysts have also issued reports about the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Turtle Beach in a research report on Wednesday, October 8th. Roth Capital restated a “buy” rating and set a $22.00 price target on shares of Turtle Beach in a research report on Monday, October 27th. B. Riley initiated coverage on shares of Turtle Beach in a research report on Thursday, October 2nd. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, Oppenheimer reiterated an “outperform” rating and issued a $19.00 target price on shares of Turtle Beach in a research note on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.40.

Turtle Beach Price Performance

Shares of NASDAQ TBCH opened at $14.43 on Friday. Turtle Beach has a twelve month low of $8.78 and a twelve month high of $19.50. The stock’s 50 day moving average price is $15.60 and its 200-day moving average price is $14.08. The company has a market capitalization of $285.86 million, a PE ratio of 16.78, a PEG ratio of 0.83 and a beta of 2.01. The company has a quick ratio of 0.81, a current ratio of 1.83 and a debt-to-equity ratio of 0.34.

Turtle Beach (NASDAQ:TBCH) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). The business had revenue of $80.46 million for the quarter. Turtle Beach had a net margin of 5.26% and a return on equity of 16.14%. Turtle Beach has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Turtle Beach will post 1.17 EPS for the current year.

Insider Activity

In other Turtle Beach news, Director William Z. Wyatt bought 693,962 shares of Turtle Beach stock in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $14.41 per share, for a total transaction of $9,999,992.42. Following the completion of the purchase, the director directly owned 693,962 shares of the company’s stock, valued at approximately $9,999,992.42. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dc Vga Llc sold 1,388,888 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $14.41, for a total transaction of $20,013,876.08. Following the completion of the sale, the insider directly owned 2,061,112 shares in the company, valued at approximately $29,700,623.92. This trade represents a 40.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. North Star Investment Management Corp. purchased a new position in Turtle Beach in the 2nd quarter valued at approximately $3,153,000. Signaturefd LLC bought a new position in shares of Turtle Beach in the second quarter worth $41,000. CWM LLC purchased a new position in shares of Turtle Beach in the second quarter valued at $65,000. AlphaQuest LLC bought a new stake in shares of Turtle Beach during the 2nd quarter valued at $52,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Turtle Beach during the 2nd quarter valued at $154,000. 67.01% of the stock is owned by institutional investors.

About Turtle Beach

Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, personal computers, handheld consoles, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, mousepads, and other accessories for the personal computer peripherals market under the brand of ROCCAT, as well as digital USB and analog microphones under the Neat Microphones brand.