Today, the CEO & President of Turtle Beach Corp (NASDAQ: HEAR), Juergen Stark, sold shares of HEAR for $1.26M.
In addition to Juergen Stark, 3 other HEAR executives 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 $362.2M and the company has a P/E ratio of 15.64. The Company has a Price to Book ratio of 72.8251.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $38.75, reflecting a -31.9% 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 20 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 -25.7% 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.
