Zacks Research Upgrades Turtle Beach (NASDAQ:TBCH) to “Strong-Buy”

Turtle Beach (NASDAQ:TBCH) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday, Zacks reports.

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

Turtle Beach Trading Down 8.8%

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

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

Insiders Place Their Bets

In related news, major shareholder Dc Vga Llc sold 140,000 shares of Turtle Beach stock in a transaction on Monday, August 10th. The shares were sold at an average price of $12.70, for a total transaction of $1,778,000.00. Following the completion of the transaction, the insider owned 1,921,112 shares of the company’s stock, valued at $24,398,122.40. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.40% of the stock is owned by corporate insiders.

Institutional Trading of Turtle Beach

A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Turtle Beach by 26.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 437,882 shares of the company’s stock worth $4,440,000 after acquiring an additional 90,677 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Turtle Beach in the 2nd quarter valued at about $741,000. Globeflex Capital L P acquired a new position in shares of Turtle Beach in the 2nd quarter valued at about $596,000. Pinnacle Holdings LLC acquired a new position in shares of Turtle Beach in the 2nd quarter valued at about $798,000. Finally, Pullen Investment Management LLC lifted its stake in shares of 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 purchasing an additional 33,013 shares during the period. Institutional investors own 67.01% of the company’s stock.

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

About Turtle Beach

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.