After D.A. Davidson and Oppenheimer gave Turtle Beach Corp (NASDAQ: HEAR) a Buy rating last month, the company received another Buy, this time from Maxim Group. Analyst Nehal Chokshi reiterated a Buy rating on Turtle Beach Corp today and set a price target of $26. The company’s shares closed on Friday at $11.36.
Chokshi noted:
“Updated presentation makes clear ROCCAT acquisition represents ~$0.40 headwind to $1.00 midpoint EPS guidance; continue to expect ROCCAT will prove to be very accretive to shareholder value. Remain confident that CY19 guidance is conservative. Reiterate Buy rating and 12-month price target of $26.”
According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 9.4% and a 58.8% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.
Turtle Beach Corp has an analyst consensus of Strong Buy, with a price target consensus of $23.
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The company has a one-year high of $34.50 and a one-year low of $2.36. Currently, Turtle Beach Corp has an average volume of 1.15M.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock.
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Turtle Beach Corp. engages in the development, commercialization, and marketing of audio peripherals. It operates through the Headset and HyperSound business segments. The Headset segment offers gaming headset solutions for video game and entertainment consoles, personal computers, and mobile and tablet devices.
