Turtle Beach (NASDAQ:TBCH) Stock Rating Raised to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Turtle Beach (NASDAQ:TBCH) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks reports.

Several other brokerages also recently weighed in on TBCH. Wall Street Zen raised Turtle Beach from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Roth Capital reaffirmed a “buy” rating and set a $18.00 price objective on shares of Turtle Beach in a report on Thursday, October 15th. B. Riley Financial downgraded shares of Turtle Beach from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Friday. Finally, Weiss Ratings raised shares of Turtle Beach from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.80.

Turtle Beach Price Performance

Shares of NASDAQ:TBCH traded down $1.46 during trading on Thursday, reaching $15.19. 1,083,342 shares of the company’s stock traded hands, compared to its average volume of 558,456. The company has a quick ratio of 1.30, a current ratio of 2.38 and a debt-to-equity ratio of 0.95. Turtle Beach has a fifty-two week low of $9.84 and a fifty-two week high of $17.10. The company has a 50-day simple moving average of $13.97 and a 200-day simple moving average of $12.64. The firm has a market cap of $272.05 million, a PE ratio of -303.80 and a beta of 2.36.

Turtle Beach (NASDAQ:TBCH) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Turtle Beach had a negative return on equity of 2.26% and a negative net margin of 1.07%. The business had revenue of $84.70 million during the quarter. As a group, analysts predict that Turtle Beach will post 0.69 earnings per share for the current year.

Insider Buying and Selling

In other Turtle Beach news, major shareholder Dc Vga Llc sold 5,671 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $13.00, for a total value of $73,723.00. Following the transaction, the insider directly owned 1,775,441 shares of the company’s stock, valued at $23,080,733. This trade represents a 0.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Turtle Beach

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Turtle Beach by 26.1% during the first quarter. Dimensional Fund Advisors LP now owns 437,882 shares of the company’s stock worth $4,440,000 after buying an additional 90,677 shares in the last quarter. Pullen Investment Management LLC grew its holdings in Turtle Beach by 20.6% in the 3rd quarter. Pullen Investment Management LLC now owns 193,581 shares of the company’s stock valued at $2,472,000 after buying an additional 33,013 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in Turtle Beach in the 2nd quarter valued at $798,000. Bank of New York Mellon Corp purchased a new stake in Turtle Beach in the 2nd quarter valued at $741,000. Finally, Globeflex Capital L P acquired a new stake in shares of Turtle Beach in the 2nd quarter worth $596,000. 67.01% of the stock is currently owned by hedge funds and other institutional investors.

Key Turtle Beach News

Here are the key news stories impacting Turtle Beach this week:

• Positive Sentiment: Zacks added TBCH to its Rank #1 (Strong Buy) list. Its report also said third-quarter EPS of $0.26 matched consensus and rose from $0.08 a year earlier. Zacks Strong Buy list
• Neutral Sentiment: Turtle Beach reaffirmed FY 2026 revenue guidance of $335 million–$355 million, a range that includes the $343.7 million analyst consensus. Third-quarter results and guidance
• Negative Sentiment: B. Riley cut its rating from Buy to Neutral, although it kept its $17 price target. The downgrade may be pressuring shares; the target still implies potential upside from the reported trading level. B. Riley rating change
• Negative Sentiment: Third-quarter EPS reports conflict: Zacks cited $0.26, in line with consensus, while MarketBeat reported $0.24 versus a $0.26 estimate. That discrepancy leaves investors with mixed signals on whether results met expectations. MarketBeat earnings report

Turtle Beach Company Profile

Turtle Beach Corporation (NASDAQ: TBCH) develops and markets gaming accessories and related consumer technology products. Its portfolio includes gaming headsets, controllers, keyboards, mice, microphones, and other accessories designed for use with consoles, PCs, and mobile devices. The company also offers products for flight simulation and other gaming applications.

The company’s products are sold under the Turtle Beach brand and, following its acquisition of Performance Designed Products, under brands including PDP.