Turtle Beach (NASDAQ:TBCH) Coverage Initiated at Craig Hallum

Research analysts at Craig Hallum started coverage on shares of Turtle Beach (NASDAQ:TBCH) in a report released on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $23.00 price target on the stock. Craig Hallum’s price objective suggests a potential upside of 57.21% from the stock’s previous close.

Separately, Wedbush increased their price objective on Turtle Beach from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th.

Turtle Beach Stock Up 2.5 %

TBCH stock opened at $14.63 on Monday. Turtle Beach has a one year low of $12.10 and a one year high of $19.50. The firm has a market cap of $292.18 million, a price-to-earnings ratio of 50.45, a P/E/G ratio of 0.77 and a beta of 2.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.60.

Turtle Beach (NASDAQ:TBCH) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.11). Turtle Beach had a net margin of 1.41% and a return on equity of 9.18%. The company had revenue of $146.08 million during the quarter, compared to analyst estimates of $154.10 million. Research analysts forecast that Turtle Beach will post 1.17 EPS 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.