Turtle Beach CorpHEAR
HEAR
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
205% more call options, than puts
Call options by funds: $17.9M | Put options by funds: $5.88M
1% more capital invested
Capital invested by funds: $174M [Q2] → $177M (+$2.49M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
0.93% less ownership
Funds ownership: 56.45% [Q2] → 55.52% (-0.93%) [Q3]
12% less funds holding
Funds holding: 127 [Q2] → 112 (-15) [Q3]
16% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 43
52% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 29
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
25%
upside
Avg. target
$20
25%
upside
High target
$20
25%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Oppenheimer Andrew Uerkwitz 89% 1-year accuracy 8 / 9 met price target | 25%upside $20 | Outperform Reiterated | 8 Nov 2024 |
Wedbush Michael Pachter 53% 1-year accuracy 31 / 59 met price target | 25%upside $20 | Outperform Maintained | 8 Nov 2024 |
Stifel Drew Crum 55% 1-year accuracy 17 / 31 met price target | 25%upside $20 | Buy Maintained | 22 Oct 2024 |
Financial journalist opinion
Neutral
Seeking Alpha
1 month ago
Turtle Beach Corporation (HEAR) Q3 2024 Earnings Call Transcript
Turtle Beach Corporation (NASDAQ:HEAR ) Q3 2024 Earnings Call November 7, 2024 5:00 PM ET Company Participants Chuck Corney - Investor Relations Cris Keirn - Chief Executive Officer John Hanson - Chief Financial Officer Conference Call Participants Sean McGowan - ROTH Capital Partners Drew Crum - Stifel Jack Codera - Maxim Group Sean McGowan - ROTH Capital Partners Martin Yang - OpCo Operator Good day, ladies and gentlemen. Thank you for standing by.
Negative
Zacks Investment Research
1 month ago
Turtle Beach (HEAR) Lags Q3 Earnings Estimates
Turtle Beach (HEAR) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to loss of $0.21 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Turtle Beach Corporation Announces Third Quarter 2024 Results and Raises Full Year Outlook
– Third Quarter Net Revenue of $94.4 million, up 60% Year-over-Year – – Net Income was $3.4 million compared to a Net Loss of ($3.6) in prior year – – Adjusted EBITDA was $16.3 million compared to $1.0 in prior year – – Raising Full Year 2024 EBITDA Guidance Again on Continued Execution Strength – – Repurchased $10.1 Million of Common Shares in the Third Quarter –
Positive
Seeking Alpha
1 month ago
Turtle Beach: Overlooked, Repositioned Company With Growth Tailwinds
Turtle Beach's financial history has been turbulent, but the PDP acquisition has repositioned the company into clearly higher margins and better scale at a cheap acquisition multiple. The gaming accessories industry has clear long- and short-term tailwinds, aiding Turtle Beach in achieving likely good organic growth in the future. The investment still has elevated risks, ranging from the cut of a previously important brand partnership to continued PDP integration's success and other risks.
Positive
Zacks Investment Research
2 months ago
Turtle Beach (HEAR) Moves 8.8% Higher: Will This Strength Last?
Turtle Beach (HEAR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Neutral
GlobeNewsWire
2 months ago
Turtle Beach Drives Growth in Key International Markets, Including Canada & Key Territories in Latin America
Canadian Gamers Can Now Find the Latest Turtle Beach Gaming Accessories at Best Buy Canada Turtle Beach Launches a Variety of New Gaming Accessories in Mexico & Colombia & Expands into Chile WHITE PLAINS, N.Y., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Leading gaming accessories maker Turtle Beach Corporation (Nasdaq: HEAR) is bringing its best-selling and award-winning gaming accessories to more gamers in key international markets, including Canada and Latin America.
Neutral
InvestorPlace
4 months ago
Tech Turnaround: 7 Stock Innovators Poised to Rise Higher
There's no denying that the recent selloff — especially in the technology space — rattled investor nerves. At one point, it seemed as if the innovation sector could do absolutely no wrong.
Neutral
Seeking Alpha
4 months ago
Turtle Beach Corporation (HEAR) Q2 2024 Earnings Call Transcript
Turtle Beach Corporation (HEAR) Q2 2024 Earnings Call Transcript
Negative
Zacks Investment Research
4 months ago
Turtle Beach (HEAR) Reports Q2 Loss, Tops Revenue Estimates
Turtle Beach (HEAR) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to loss of $0.41 per share a year ago.
Neutral
GlobeNewsWire
4 months ago
Turtle Beach Corporation Announces Planned Retirement of CFO John Hanson
WHITE PLAINS, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: HEAR), a leading gaming headset and accessories brand, today announced that Chief Financial Officer and Treasurer John Hanson, has informed the Company of his intent to retire after an over 45-year career in leadership, operational, and strategic finance roles. The Company has retained Korn Ferry, an executive recruiting firm, to assist in the search for his successor, and the search will include both external and internal candidates. Mr. Hanson is expected to remain in his current role until a successor is appointed and to remain with Turtle Beach in an advisory capacity following the successor appointment to support continuity and a smooth transition.
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