Turtle Beach (NASDAQ:TBCH) Upgraded at Zacks Research

Turtle Beach (NASDAQ:TBCH) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Zacks reports.

TBCH has been the topic of several other reports. Weiss Ratings raised Turtle Beach from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, October 19th. Wall Street Zen upgraded Turtle Beach from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Roth Capital reiterated a “buy” rating and issued a $18.00 target price on shares of Turtle Beach in a research report on Thursday, October 15th. Finally, B. Riley Financial lowered shares of Turtle Beach from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.80.

Turtle Beach Stock Performance

Shares of NASDAQ TBCH traded down $1.46 during midday trading on Thursday, hitting $15.19. 1,083,342 shares of the company’s stock were exchanged, compared to its average volume of 558,456. The firm has a market cap of $272.05 million, a P/E ratio of -303.80 and a beta of 2.36. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.38 and a quick ratio of 1.30. Turtle Beach has a twelve month low of $9.84 and a twelve month high of $17.10. The stock’s 50 day moving average price is $13.97 and its 200-day moving average price is $12.64.

Turtle Beach (NASDAQ:TBCH) last announced its earnings results on Thursday, November 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $84.70 million for the quarter. Turtle Beach had a negative net margin of 1.07% and a negative return on equity of 2.26%. Equities research analysts anticipate that Turtle Beach will post 0.69 EPS for the current year.

Insider Activity

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 stock was sold at an average price of $13.00, for a total value of $73,723.00. Following the transaction, the insider directly owned 1,775,441 shares of the company’s stock, valued at approximately $23,080,733. This trade represents a 0.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TBCH. Dimensional Fund Advisors LP lifted its position in shares of Turtle Beach by 26.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 437,882 shares of the company’s stock worth $4,440,000 after purchasing an additional 90,677 shares during the last quarter. Pullen Investment Management LLC lifted its holdings in shares of Turtle Beach by 20.6% during the third quarter. Pullen Investment Management LLC now owns 193,581 shares of the company’s stock worth $2,472,000 after buying an additional 33,013 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Turtle Beach during the second quarter worth approximately $798,000. Bank of New York Mellon Corp bought a new stake in shares of Turtle Beach in the second quarter valued at approximately $741,000. Finally, Globeflex Capital L P bought a new stake in shares of Turtle Beach in the second quarter valued at approximately $596,000. Institutional investors own 67.01% of the company’s stock.

Turtle Beach News Summary

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

About Turtle Beach

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.