Turtle Beach (NASDAQ:TBCH) Price Target Cut to $16.00 by Analysts at Craig Hallum

Turtle Beach (NASDAQ:TBCH - Get Free Report) had its target price cut by equities researchers at Craig Hallum from $23.00 to $16.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Craig Hallum's target price would indicate a potential upside of 32.67% from the stock's previous close.

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

Turtle Beach Stock Performance

Shares of Turtle Beach stock traded down $0.09 on Friday, hitting $12.06. The stock had a trading volume of 159,983 shares, compared to its average volume of 296,746. The company has a quick ratio of 0.60, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. Turtle Beach has a twelve month low of $8.78 and a twelve month high of $19.50. The company has a 50 day moving average of $12.27. The stock has a market capitalization of $242.61 million, a price-to-earnings ratio of 41.59, a P/E/G ratio of 0.77 and a beta of 2.04.

Turtle Beach (NASDAQ:TBCH - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business had revenue of $63.90 million for the quarter, compared to analyst estimates of $62.33 million. Turtle Beach had a net margin of 1.41% and a return on equity of 9.18%. Equities analysts expect 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.