Turtle Beach CorpHEAR
Market Cap: $290M
About: Turtle Beach Corp specializes in gaming accessories, offering a diverse range including headsets, controllers, keyboards, mice, and simulation hardware. With nearly five decades of expertise, it's a innovator in audio technology, particularly dominant in console gaming headsets. Expanding beyond headsets, Turtle Beach now offers game controllers, flight and racing simulation accessories, and high-quality microphones. Operating globally, its products are available through numerous major retailers such as Amazon, Argos, Best Buy, GAME, GameStop, EB Games, Media Markt, Saturn, Target, and Walmart, with a significant revenue portion generated during the holiday season. The majority of its revenue stems from North America.
Employees: 252
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
125% more call options, than puts
Call options by funds: $18.7M | Put options by funds: $8.31M
13% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 38
0% more funds holding
Funds holding: 127 [Q1] → 127 (+0) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 29
11.94% less ownership
Funds ownership: 67.46% [Q1] → 55.52% (-11.94%) [Q2]
16% less capital invested
Capital invested by funds: $205M [Q1] → $171M (-$33.4M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Roth MKM Sean McGowan 46% 1-year accuracy 13 / 28 met price target | 86%upside $26 | Buy Reiterated | 9 Aug 2024 |
Oppenheimer Andrew Uerkwitz 78% 1-year accuracy 7 / 9 met price target | 22%upside $17 | Outperform Upgraded | 9 Aug 2024 |