Turtle Beach (NASDAQ:TBCH) Given "Neutral" Rating at Wedbush

Turtle Beach (NASDAQ:TBCH - Get Free Report)'s stock had its "neutral" rating restated by equities research analysts at Wedbush in a research note issued on Tuesday, MarketBeat reports. They presently have a $9.00 target price on the stock, down from their previous target price of $21.00. Wedbush's price target would indicate a potential downside of 14.77% from the stock's previous close. Wedbush also issued estimates for Turtle Beach's Q2 2025 earnings at ($0.40) EPS, Q3 2025 earnings at ($0.04) EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at ($0.25) EPS, Q1 2026 earnings at ($0.31) EPS, Q2 2026 earnings at ($0.12) EPS, Q3 2026 earnings at $0.12 EPS, Q4 2026 earnings at $0.52 EPS, FY2026 earnings at $0.20 EPS, Q1 2027 earnings at ($0.33) EPS and FY2027 earnings at $0.28 EPS.

Separately, Craig Hallum assumed coverage on Turtle Beach in a report on Monday, March 31st. They set a "buy" rating and a $23.00 target price for the company.

Turtle Beach Stock Performance

NASDAQ TBCH traded up $0.72 during trading hours on Tuesday, hitting $10.56. 1,057,330 shares of the company's stock were exchanged, compared to its average volume of 291,982. The firm has a market capitalization of $212.44 million, a price-to-earnings ratio of 36.41, a P/E/G ratio of 0.77 and a beta of 2.04. Turtle Beach has a 12-month low of $8.78 and a 12-month high of $19.50. The company has a quick ratio of 0.60, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. The stock has a 50 day simple moving average of $12.40.

Turtle Beach (NASDAQ:TBCH - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Turtle Beach had a net margin of 1.41% and a return on equity of 9.18%. The company had revenue of $63.90 million during the quarter, compared to analyst estimates of $62.33 million. As a group, equities research analysts anticipate that Turtle Beach will post 1.17 EPS for the current fiscal year.

About Turtle Beach

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.