Turtle Beach (NASDAQ:TBCH) Receives Neutral Rating from Wedbush

Turtle Beach (NASDAQ:TBCH - Get Free Report)'s stock had its "neutral" rating reiterated by research analysts at Wedbush in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They currently have a $9.00 target price on the stock, down from their previous target price of $21.00. Wedbush's price objective points to 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 began coverage on Turtle Beach in a research report on Monday, March 31st. They issued a "buy" rating and a $23.00 price target for the company.

Turtle Beach Trading Up 7.3 %

Shares of TBCH stock traded up $0.72 on Tuesday, hitting $10.56. 1,057,330 shares of the stock were exchanged, compared to its average volume of 291,982. Turtle Beach has a one year low of $8.78 and a one year high of $19.50. The firm has a 50 day moving average price of $12.40. The company has a market capitalization of $212.44 million, a price-to-earnings ratio of 36.41, a PEG ratio of 0.77 and a beta of 2.04. 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 (NASDAQ:TBCH - Get Free Report) last posted its quarterly 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 company 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%. On average, sell-side 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.