Police & Firemen s Retirement System of New Jersey Takes $55,000 Position in Turtle Beach Corporation $TBCH

by · The Cerbat Gem

Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Turtle Beach Corporation (NASDAQ:TBCH – Free Report) in the second quarter, HoldingsChannel reports. The fund acquired 3,946 shares of the company’s stock, valued at approximately $55,000.

A number of other large investors have also recently bought and sold shares of TBCH. Geode Capital Management LLC acquired a new position in Turtle Beach in the second quarter valued at approximately $5,438,000. North Star Investment Management Corp. acquired a new stake in shares of Turtle Beach during the 2nd quarter worth approximately $3,153,000. Los Angeles Capital Management LLC bought a new stake in shares of Turtle Beach in the 2nd quarter worth approximately $453,000. Westside Investment Management Inc. acquired a new position in Turtle Beach during the 2nd quarter valued at approximately $185,000. Finally, Envestnet Asset Management Inc. bought a new position in Turtle Beach during the 2nd quarter worth $154,000. Institutional investors own 67.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TBCH. Roth Capital cut their target price on Turtle Beach from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. Oppenheimer reaffirmed an “outperform” rating and issued a $19.00 price objective on shares of Turtle Beach in a report on Friday, August 8th. Wedbush boosted their target price on shares of Turtle Beach from $13.50 to $14.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Turtle Beach in a research report on Tuesday, November 25th. Finally, B. Riley began coverage on Turtle Beach in a report on Thursday, October 2nd. They set a “buy” rating and a $21.00 price target on the stock. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.00.

View Our Latest Research Report on TBCH

Turtle Beach Price Performance

Shares of NASDAQ TBCH opened at $13.88 on Monday. The stock has a market cap of $268.04 million, a P/E ratio of 16.14, a P/E/G ratio of 0.83 and a beta of 2.01. The firm’s 50-day simple moving average is $15.22 and its 200 day simple moving average is $14.43. Turtle Beach Corporation has a fifty-two week low of $8.78 and a fifty-two week high of $19.50. The company has a quick ratio of 0.75, a current ratio of 1.60 and a debt-to-equity ratio of 0.44.

Turtle Beach (NASDAQ:TBCH – Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). Turtle Beach had a net margin of 5.26% and a return on equity of 16.44%. The company had revenue of $80.46 million during the quarter. Turtle Beach has set its FY 2025 guidance at EPS. Equities analysts expect that Turtle Beach Corporation will post 1.17 EPS for the current year.

Turtle Beach Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding TBCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Turtle Beach Corporation (NASDAQ:TBCH – Free Report).