The CFO, Treas & Sec of Turtle Beach Corp is Exercising Options


Today it was reported that the CFO, Treas & Sec of Turtle Beach Corp (NASDAQ: HEAR), John T. Hanson, exercised options to sell 65,024 HEAR shares at $8.67 a share, for a total transaction value of $1.91M.

In addition to John T. Hanson, one other HEAR executive reported Sell trades in the last month.

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Based on Turtle Beach Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $60.81 million and quarterly net profit of $6.3 million. In comparison, last year the company earned revenue of $19.11 million and had a GAAP net loss of $7.06 million. HEAR’s market cap is $407.1M and the company has a P/E ratio of 17.58. The Company has a Price to Book ratio of 81.8381.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $38.75, reflecting a -23.7% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy HEAR with a $40 price target.

The insider sentiment on Turtle Beach Corp has been negative according to 16 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Turtle Beach Corp. engages in the development, commercialization, and marketing of innovative products. It operates through the Headset, and HyperSound segments.

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