Wedbush Issues Positive Forecast for Turtle Beach (NASDAQ:TBCH) Stock Price

Turtle Beach (NASDAQ:TBCH) had its price target raised by Wedbush from $13.50 to $14.00 in a report issued on Friday,Benzinga reports. The firm currently has a neutral rating on the stock. 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.

A number of other brokerages have also issued reports on TBCH. B. Riley began coverage on shares of Turtle Beach in a research note on Thursday, October 2nd. They set a “buy” rating and a $21.00 target price for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Turtle Beach in a research report on Wednesday, October 8th. Roth Capital reaffirmed a “buy” rating and set a $22.00 target price on shares of Turtle Beach in a research report on Monday, October 27th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $19.00 price target on shares of Turtle Beach in a research note on Friday, August 8th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.40.

Turtle Beach Trading Down 3.5%

Shares of NASDAQ:TBCH traded down $0.52 during trading hours on Friday, hitting $14.43. 728,947 shares of the company’s stock traded hands, compared to its average volume of 202,833. The firm has a market capitalization of $285.86 million, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 0.86 and a beta of 2.01. The business has a fifty day moving average price of $15.60 and a 200-day moving average price of $14.06. Turtle Beach has a 1 year low of $8.78 and a 1 year high of $19.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 0.81.

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

Insider Activity at Turtle Beach

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

Institutional Investors Weigh In On Turtle Beach

A number of institutional investors have recently added to or reduced their stakes in TBCH. Signaturefd LLC bought a new position in Turtle Beach in the second quarter worth about $41,000. AlphaQuest LLC purchased a new position in shares of Turtle Beach in the 2nd quarter worth approximately $52,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Turtle Beach during the 2nd quarter worth approximately $55,000. CWM LLC purchased a new stake in Turtle Beach during the second quarter valued at approximately $65,000. Finally, Lazard Asset Management LLC purchased a new stake in Turtle Beach during the second quarter valued at approximately $76,000. Institutional investors own 67.01% of the company’s stock.

Turtle Beach Company Profile

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.