Turtle Beach (HEAR) Stock Price, News & Analysis

Company Overview

Turtle Beach Corporation operates as an audio technology company in North America, Europe, the Middle East, and the Asia Pacific. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, and other accessories for the personal computer peripherals market under the ROCCAT brand. In addition, it provides game controllers, and gaming flight simulation and racing simulation accessories, as well as USB and analog microphones for gamers, streamers, professionals, and students. The company serves retailers and distributors. Turtle Beach Corporation was founded in 1975 and is headquartered in White Plains, New York.

Key Stats

• Today's Range: $14.67 to $14.94
• 50-Day Range: $13.83 to $17.30
• 52-Week Range: $9.77 to $18.45
• Volume: 106,889 shs
• Average Volume: 247,986 shs
• Market Capitalization: $297.99 million
• P/E Ratio: 51.17
• Dividend Yield: N/A
• Price Target: $22.50
• Consensus Rating: Buy

Turtle Beach Stock Analysis - MarketRank™

Turtle Beach scored higher than 76% of companies evaluated by MarketBeat, and ranked 241st out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Turtle Beach has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Turtle Beach has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 34.75%

Earnings Growth

Earnings for Turtle Beach are expected to grow by 34.75% in the coming year, from $1.18 to $1.59 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Turtle Beach is 51.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Turtle Beach is 51.17, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 258.40.

Price to Earnings Growth Ratio

Turtle Beach has a PEG Ratio of 0.79. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Turtle Beach has a P/B Ratio of 3.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.21% of the float of Turtle Beach has been sold short.

Short Interest Ratio / Days to Cover

Turtle Beach has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in Turtle Beach has recently increased by 4.60%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Turtle Beach does not currently pay a dividend.

Dividend Growth

Turtle Beach does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.21% of the float of Turtle Beach has been sold short.

Short Interest Ratio / Days to Cover

Turtle Beach has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in Turtle Beach has recently increased by 4.60%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.2 / 5
• News Sentiment: N/A

News Sentiment

Turtle Beach has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Turtle Beach this week, compared to 2 articles on an average week.

Search Interest

Only 2 people have searched for HEAR on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Turtle Beach insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.10% of the stock of Turtle Beach is held by insiders.

Percentage Held by Institutions

67.01% of the stock of Turtle Beach is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HEAR Stock Analysis - Frequently Asked Questions

How have HEAR shares performed this year?

Turtle Beach's stock was trading at $10.95 on January 1st, 2024. Since then, HEAR shares have increased by 35.5% and is now trading at $14.84.
View the best growth stocks for 2024 here.

How were Turtle Beach's earnings last quarter?

Turtle Beach Co. (NASDAQ:HEAR) issued its quarterly earnings data on Thursday, November, 7th. The communications equipment provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by $0.02. The communications equipment provider earned $94.36 million during the quarter, compared to analysts' expectations of $87.80 million. Turtle Beach had a trailing twelve-month return on equity of 9.18% and a net margin of 1.41%.

When did Turtle Beach's stock split?

Shares of Turtle Beach reverse split on Monday, April 9th 2018. The 1-4 reverse split was announced on Friday, April 6th 2018. The number of shares owned by shareholders was adjusted after the market closes on Friday, April 6th 2018. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Who are Turtle Beach's major shareholders?

Top institutional shareholders of Turtle Beach include Geode Capital Management LLC (2.04%), Segall Bryant & Hamill LLC (1.17%), Connor Clark & Lunn Investment Management Ltd. (0.82%) and Los Angeles Capital Management LLC (0.27%). Insiders that own company stock include Juergen M Stark, William Z Wyatt, Terry Jimenez, Lloyd Gregory Ballard, Michelle D Wilson, Katherine Lee Scherping and Andrew Wolfe.
View institutional ownership trends.

How do I buy shares of Turtle Beach?

Shares of HEAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Turtle Beach own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Turtle Beach investors own include American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY), DiamondRock Hospitality (DRH) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/12/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Communications equipment, not elsewhere classified
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:HEAR
• CUSIP: N/A
• CIK: 1493761
• Web: corp.turtlebeach.com
• Phone: (888) 496-8001
• Fax: N/A
• Employees: 252
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $22.50
• High Stock Price Target: $26.00
• Low Stock Price Target: $19.00
• Potential Upside/Downside: +51.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.29
• Trailing P/E Ratio: 51.17
• Forward P/E Ratio: 12.58
• P/E Growth: 0.79
• Net Income: $-17,680,000.00
• Net Margins: 1.41%
• Pretax Margin: -0.29%
• Return on Equity: 9.18%
• Return on Assets: 3.88%

Debt

• Debt-to-Equity Ratio: 0.45
• Current Ratio: 1.26
• Quick Ratio: 0.60

Sales & Book Value

• Annual Sales: $258.12 million
• Price / Sales: 1.15
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.89 per share
• Price / Book: 3.03

Miscellaneous

• Outstanding Shares: 20,080,000
• Free Float: 19,055,000
• Market Cap: $297.99 million
• Optionable: Optionable
• Beta: 2.06