Today it was reported that the Chief Executive Officer & Pres of Turtle Beach Corp (NASDAQ: HEAR), Juergen Stark, exercised options to sell 100,000 HEAR shares at $7.72 a share, for a total transaction value of $2.93M.
Following Juergen Stark’s last HEAR Sell transaction on November 16, 2017, the stock climbed by 28.7%. This is Stark’s first Sell trade following 4 Buy transactions.
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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 18 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Juergen Stark’s trades have generated a -34.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
