Wedbush analyst Michael Pachter maintained a Buy rating on Turtle Beach (HEAR – Research Report) today and set a price target of $12.00. The company’s shares opened today at $8.77.
Pachter covers the Technology sector, focusing on stocks such as Electronic Arts, fuboTV, and Activision Blizzard. According to TipRanks, Pachter has an average return of -7.1% and a 39.66% success rate on recommended stocks.
Turtle Beach has an analyst consensus of Strong Buy, with a price target consensus of $11.70, implying a 33.41% upside from current levels. In a report released on November 28, Roth Capital also initiated coverage with a Buy rating on the stock with a $18.00 price target.
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The company has a one-year high of $28.48 and a one-year low of $6.22. Currently, Turtle Beach has an average volume of 256.2K.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HEAR in relation to earlier this year.
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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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