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

Craig Hallum initiated coverage on shares of Turtle Beach (NASDAQ:TBCH - Free Report) in a research note issued to investors on Monday morning, MarketBeat reports. The firm issued a buy rating and a $23.00 price target on the stock.

Separately, Wedbush upped their price target on shares of Turtle Beach from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday, March 14th.

Turtle Beach Price Performance

Shares of TBCH stock traded down $1.02 on Monday, hitting $11.20. The stock had a trading volume of 385,981 shares, compared to its average volume of 222,624. 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 has a twelve month low of $10.90 and a twelve month high of $19.50. The firm has a market capitalization of $223.68 million, a price-to-earnings ratio of 38.62, a price-to-earnings-growth ratio of 0.77 and a beta of 2.05.

Turtle Beach (NASDAQ:TBCH - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.11). Turtle Beach had a return on equity of 9.18% and a net margin of 1.41%. The business had revenue of $146.08 million during the quarter, compared to the consensus estimate of $154.10 million. On average, equities research analysts forecast that Turtle Beach will post 1.17 earnings per share for the current year.

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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.