North Star Investment Management Corp. Takes $3.15 Million Position in Turtle Beach Corporation $TBCH

Key Points

• North Star Investment Management Corp. has acquired a new position in Turtle Beach Corporation, purchasing 228,000 shares worth approximately $3.15 million, representing 1.13% of the company.
• Analysts have a consensus rating of "Moderate Buy" for Turtle Beach, with **Wedbush** setting a price target of $13.50 and **Oppenheimer** placing a target of $19.00.
• Turtle Beach reported a net margin of 5.53% and a return on equity of 18.23% in its latest earnings report, exceeding analysts' EPS expectations.

North Star Investment Management Corp. acquired a new position in shares of Turtle Beach Corporation (NASDAQ:TBCH - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 228,000 shares of the company's stock, valued at approximately $3,153,000. North Star Investment Management Corp. owned 1.13% of Turtle Beach as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wedbush reiterated a "neutral" rating and set a $13.50 price objective (up from $12.00) on shares of Turtle Beach in a research report on Monday, August 4th. Oppenheimer reiterated an "outperform" rating and set a $19.00 price objective on shares of Turtle Beach in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $16.17.

Turtle Beach Trading Down 1.2%

TBCH opened at $15.55 on Thursday. The company has a market cap of $308.05 million, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 0.90 and a beta of 1.99. The company has a fifty day moving average price of $15.04 and a two-hundred day moving average price of $13.41. Turtle Beach Corporation has a 1-year low of $8.78 and a 1-year high of $19.50. The company has a current ratio of 1.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Turtle Beach (NASDAQ:TBCH - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.27) by $0.13. The firm had revenue of $56.78 million during the quarter, compared to analysts' expectations of $57.23 million. Turtle Beach had a net margin of 5.53% and a return on equity of 18.23%. Turtle Beach has set its FY 2025 guidance at EPS. Analysts predict that Turtle Beach Corporation will post 1.17 EPS for the current fiscal year.

Insider Transactions at Turtle Beach

In related news, major shareholder Dc Vga Llc sold 1,388,888 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 2,061,112 shares of the company's stock, valued at $29,700,623.92. This trade represents a 40.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William Z. Wyatt purchased 693,962 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average cost of $14.41 per share, for a total transaction of $9,999,992.42. Following the completion of the transaction, the director directly owned 693,962 shares of the company's stock, valued at $9,999,992.42. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.30% of the stock is owned by company insiders.

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.

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