Oppenheimer analyst Martin Yang maintained a Buy rating on Turtle Beach (HEAR) today and set a price target of $40.00. The company’s shares closed last Wednesday at $27.40.
According to TipRanks.com, Yang is a 3-star analyst with an average return of 9.5% and a 50.0% success rate. Yang covers the Technology sector, focusing on stocks such as Sonim Technologies, Universal Display, and QuickLogic.
Currently, the analyst consensus on Turtle Beach is a Strong Buy with an average price target of $39.40, a 49.9% upside from current levels. In a report issued on April 29, Wedbush also reiterated a Buy rating on the stock with a $37.00 price target.
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Turtle Beach’s market cap is currently $424.1M and has a P/E ratio of 12.20. The company has a Price to Book ratio of 4.21.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HEAR in relation to earlier this year.
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 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. The HyperSound segment refers to a patent-protected sound technology that delivers immersive, directional audio with applications in digital signage and kiosks, consumer electronics, and hearing healthcare. The company was founded by Elwood G. Norris and James A. Barnes in 1975 and is headquartered in San Diego, CA.
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