Wedbush Reiterates "Neutral" Rating for Turtle Beach (NASDAQ:TBCH)

Key Points

• Wedbush has raised Turtle Beach's price target from $12.00 to $13.50, maintaining a "neutral" rating, despite indicating a potential downside of 3.50% from the current stock price.
• Craig Hallum has decreased their price target on Turtle Beach to $16.00 while keeping a "buy" rating, reflecting differing outlooks among analysts.
• The company's latest financial results showed earnings per share of ($0.03), surpassing expectations, with revenue of $63.90 million, exceeding analyst estimates.

Turtle Beach (NASDAQ:TBCH - Get Free Report)'s stock had its "neutral" rating reaffirmed by research analysts at Wedbush in a research note issued to investors on Monday, MarketBeat.com reports. They presently have a $13.50 target price on the stock, up from their prior target price of $12.00. Wedbush's price target would suggest a potential downside of 13.90% from the company's current price. Wedbush also issued estimates for Turtle Beach's Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.67 EPS, FY2025 earnings at $0.64 EPS, Q3 2026 earnings at $0.23 EPS, Q4 2026 earnings at $0.76 EPS, FY2026 earnings at $0.65 EPS and FY2027 earnings at $0.91 EPS.

Separately, Craig Hallum decreased their target price on Turtle Beach from $23.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, May 9th.

Turtle Beach Stock Performance

NASDAQ:TBCH traded up $1.27 on Monday, hitting $15.68. 560,385 shares of the stock were exchanged, compared to its average volume of 205,183. The firm has a market capitalization of $315.95 million, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.23 and a beta of 1.96. Turtle Beach has a 52 week low of $8.78 and a 52 week high of $19.50. The business has a 50-day moving average of $13.72. The company has a quick ratio of 0.95, a current ratio of 1.96 and a debt-to-equity ratio of 0.38.

Turtle Beach (NASDAQ:TBCH - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.13. The company had revenue of $56.78 million during the quarter, compared to analyst estimates of $57.23 million. Turtle Beach had a return on equity of 18.33% and a net margin of 5.53%. As a group, equities research analysts predict that Turtle Beach will post 1.17 earnings per share for the current year.

Hedge Funds Weigh In On Turtle Beach

Several institutional investors and hedge funds have recently modified their holdings of TBCH. Signaturefd LLC acquired a new position in Turtle Beach during the 2nd quarter worth approximately $41,000. AlphaQuest LLC bought a new stake in shares of Turtle Beach during the 2nd quarter worth approximately $52,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Turtle Beach during the 2nd quarter worth approximately $55,000. CWM LLC bought a new stake in shares of Turtle Beach during the 2nd quarter worth approximately $65,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Turtle Beach during the 2nd quarter worth approximately $154,000. 67.01% of the stock is currently owned by institutional investors and hedge funds.

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.