Frederick J. Romano Sells 95,555 Shares of Turtle Beach Corporation (HEAR) Stock
Turtle Beach Corporation (NASDAQ:HEAR) insider Frederick J. Romano sold 95,555 shares of the company’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $0.80, for a total value of $76,444.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Turtle Beach Corporation (HEAR) remained flat at $0.80 on Wednesday. 75,264 shares of the stock traded hands. Turtle Beach Corporation has a 12-month low of $0.56 and a 12-month high of $2.00. The company’s market cap is $39.51 million. The company’s 50-day moving average is $0.77 and its 200 day moving average is $0.78.
Turtle Beach Corporation (NASDAQ:HEAR) last announced its earnings results on Thursday, August 10th. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.03. The business had revenue of $19.11 million for the quarter, compared to analysts’ expectations of $17.54 million. On average, equities analysts predict that Turtle Beach Corporation will post ($0.07) earnings per share for the current fiscal year.
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Several brokerages have weighed in on HEAR. ValuEngine downgraded Turtle Beach Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Turtle Beach Corporation from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a report on Tuesday, August 15th. Finally, B. Riley restated a “neutral” rating and set a $1.30 price target on shares of Turtle Beach Corporation in a report on Tuesday, July 18th.
An institutional investor recently bought a new position in Turtle Beach Corporation stock. Coldstream Capital Management Inc. acquired a new stake in Turtle Beach Corporation (NASDAQ:HEAR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,729,044 shares of the communications equipment provider’s stock, valued at approximately $3,310,000. Coldstream Capital Management Inc. owned about 9.58% of Turtle Beach Corporation as of its most recent SEC filing. 16.06% of the stock is currently owned by institutional investors and hedge funds.
Turtle Beach Corporation Company Profile
Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.
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