Inspire Investing LLC Takes Position in Turtle Beach Corporation $TBCH

by · The Cerbat Gem

Inspire Investing LLC acquired a new position in shares of Turtle Beach Corporation (NASDAQ:TBCH – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 68,944 shares of the company’s stock, valued at approximately $1,096,000. Inspire Investing LLC owned about 0.35% of Turtle Beach at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC acquired a new stake in Turtle Beach in the second quarter valued at $41,000. AlphaQuest LLC acquired a new stake in shares of Turtle Beach during the 2nd quarter worth about $52,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Turtle Beach during the 2nd quarter worth about $55,000. CWM LLC purchased a new stake in Turtle Beach during the second quarter worth approximately $65,000. Finally, Lazard Asset Management LLC acquired a new position in Turtle Beach in the second quarter valued at approximately $76,000. Institutional investors and hedge funds own 67.01% of the company’s stock.

Turtle Beach Trading Up 1.0%

NASDAQ TBCH opened at $13.88 on Friday. The firm’s fifty day moving average is $14.80 and its two-hundred day moving average is $14.72. Turtle Beach Corporation has a one year low of $8.78 and a one year high of $19.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.75 and a current ratio of 1.60. The firm has a market cap of $268.02 million, a PE ratio of 16.14, a P/E/G ratio of 0.83 and a beta of 2.17.

Turtle Beach (NASDAQ:TBCH – Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.07). The business had revenue of $80.46 million for the quarter. Turtle Beach had a return on equity of 16.44% and a net margin of 5.26%. Analysts expect that Turtle Beach Corporation will post 1.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Roth Capital dropped their price target on shares of Turtle Beach from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. Wedbush increased their target price on shares of Turtle Beach from $13.50 to $14.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Turtle Beach in a research note on Monday. Finally, B. Riley initiated coverage on shares of Turtle Beach in a research note on Thursday, October 2nd. They issued a “buy” rating and a $21.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Get Our Latest Stock Report on Turtle Beach

Turtle Beach Profile

(Free Report)

Turtle Beach Corporation (NASDAQ:TBCH) is a global developer, manufacturer and distributor of gaming audio peripherals, specializing in headsets, microphones and audio accessories for PC, console and mobile platforms. The company’s product lineup spans wired and wireless gaming headsets, mixing stations, sound cards and accessories designed to enhance the immersive experience for casual and professional gamers alike.

Founded in 1975 and headquartered in San Diego, California, Turtle Beach has built a longstanding reputation in audio innovation.

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