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Turtle Beach Corp (HEAR) Gets a Buy Rating from Wedbush


In a report released today, Michael Pachter from Wedbush reiterated a Buy rating on Turtle Beach Corp (NASDAQ: HEAR), with a price target of $42. The company’s shares closed yesterday at $18.01.

According to TipRanks.com, Pachter is a 1-star analyst with an average return of -0.1% and a 50.6% success rate. Pachter covers the Services sector, focusing on stocks such as AMC Entertainment, Best Buy Co, and IMAX Corp.

Turtle Beach Corp has an analyst consensus of Strong Buy, with a price target consensus of $38.75, implying an 115.2% upside from current levels. In a report released yesterday, Oppenheimer also assigned a Buy rating to the stock with a $35 price target.

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Based on Turtle Beach Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $6.3 million. In comparison, last year the company had a GAAP net loss of $492K.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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