Turtle Beach (NASDAQ:TBCH) Stock Moved Down to Hold by B. Riley Financial

Turtle Beach (NASDAQ:TBCH) was downgraded by investment analysts at B. Riley Financial from a “buy” rating to a “hold” rating in a research report issued on Friday, MarketBeat reports. They currently have a $17.00 target price on the stock. B. Riley Financial‘s price objective would indicate a potential upside of 11.92% from the company’s previous close.

Other equities analysts have also issued reports about the company. Zacks Research raised Turtle Beach from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 6th. Wall Street Zen raised shares of Turtle Beach from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Weiss Ratings raised shares of Turtle Beach from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, October 19th. Finally, Roth Capital reiterated a “buy” rating and set a $18.00 price objective on shares of Turtle Beach in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Turtle Beach has a consensus rating of “Moderate Buy” and a consensus target price of $15.80.

Turtle Beach Stock Down 8.8%

NASDAQ TBCH traded down $1.46 during trading hours on Friday, hitting $15.19. The company had a trading volume of 1,083,342 shares, compared to its average volume of 558,456. Turtle Beach has a fifty-two week low of $9.84 and a fifty-two week high of $17.10. The company has a market capitalization of $272.05 million, a price-to-earnings ratio of -303.80 and a beta of 2.36. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.38 and a quick ratio of 1.30. The firm’s 50 day moving average is $13.97 and its 200 day moving average is $12.64.

Turtle Beach (NASDAQ:TBCH) last issued its earnings results on Thursday, November 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $84.70 million during the quarter. Sell-side analysts anticipate that Turtle Beach will post 0.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Turtle Beach

In other news, major shareholder Dc Vga Llc sold 5,671 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $13.00, for a total transaction of $73,723.00. Following the completion of the sale, the insider directly owned 1,775,441 shares in the company, valued at $23,080,733. This trade represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in Turtle Beach by 26.1% in the first quarter. Dimensional Fund Advisors LP now owns 437,882 shares of the company’s stock valued at $4,440,000 after purchasing an additional 90,677 shares during the last quarter. Pullen Investment Management LLC grew its stake in Turtle Beach by 20.6% during 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 in the last quarter. Pinnacle Holdings LLC purchased a new stake in Turtle Beach during the 2nd quarter worth approximately $798,000. Bank of New York Mellon Corp purchased a new stake in Turtle Beach during the 2nd quarter worth approximately $741,000. Finally, Globeflex Capital L P acquired a new position in shares of Turtle Beach in the 2nd quarter valued at approximately $596,000. Institutional investors and hedge funds own 67.01% of the company’s stock.

Turtle Beach News Summary

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.