Somewhat Favorable News Coverage Likely to Affect Turtle Beach Corporation (NASDAQ:HEAR) Share Price

Headlines about Turtle Beach Corporation (NASDAQ:HEAR) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Turtle Beach Corporation earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 67 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the next several days.

Turtle Beach Corporation (NASDAQ:HEAR) traded up 4.48% on Wednesday, reaching $0.70. The company’s stock had a trading volume of 105,125 shares. Turtle Beach Corporation has a 52 week low of $0.65 and a 52 week high of $2.00. The firm’s 50 day moving average price is $0.73 and its 200-day moving average price is $0.91. The company’s market capitalization is $34.48 million.

Turtle Beach Corporation (NASDAQ:HEAR) last released its quarterly earnings data on Tuesday, May 9th. The communications equipment provider reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.05. The business had revenue of $14.35 million during the quarter, compared to analyst estimates of $12.61 million. Turtle Beach Corporation had a negative return on equity of 830.32% and a negative net margin of 51.79%. On average, equities analysts predict that Turtle Beach Corporation will post ($0.11) EPS for the current year.

Several research analysts have commented on HEAR shares. Zacks Investment Research raised Turtle Beach Corporation from a “hold” rating to a “buy” rating and set a $1.00 price target on the stock in a research report on Tuesday, April 18th. B. Riley reaffirmed a “neutral” rating and set a $1.30 price target on shares of Turtle Beach Corporation in a research report on Tuesday, May 2nd.

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About Turtle Beach Corporation

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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