Turtle Beach (NASDAQ:TBCH) Given New $16.00 Price Target at Craig Hallum

Turtle Beach (NASDAQ:TBCH - Get Free Report) had its price target decreased by equities research analysts at Craig Hallum from $23.00 to $16.00 in a research note issued on Friday, Marketbeat reports. The firm currently has a "buy" rating on the stock. Craig Hallum's target price suggests a potential upside of 40.23% from the stock's current price.

Separately, Wedbush reiterated a "neutral" rating and set a $9.00 target price (down previously from $21.00) on shares of Turtle Beach in a research note on Tuesday, May 6th.

Turtle Beach Trading Up 6.4%

NASDAQ:TBCH traded up $0.69 during trading hours on Friday, hitting $11.41. The company's stock had a trading volume of 684,555 shares, compared to its average volume of 296,397. The company has a market capitalization of $229.53 million, a PE ratio of 39.34, a P/E/G ratio of 0.77 and a beta of 2.04. The company has a fifty day simple moving average of $12.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.60. Turtle Beach has a 52-week low of $8.78 and a 52-week high of $19.50.

Turtle Beach (NASDAQ:TBCH - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. Turtle Beach had a return on equity of 9.18% and a net margin of 1.41%. The firm had revenue of $63.90 million for the quarter, compared to analyst estimates of $62.33 million. On average, sell-side analysts forecast that Turtle Beach will post 1.17 earnings per share for the current year.

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.