Turtle Beach Corporation (HEAR) CEO Juergen M. Stark Acquires 83,333 Shares of Stock

Turtle Beach Corporation (NASDAQ:HEAR) CEO Juergen M. Stark purchased 83,333 shares of Turtle Beach Corporation stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average cost of $0.54 per share, with a total value of $44,999.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Turtle Beach Corporation (HEAR) traded up $0.05 during midday trading on Friday, reaching $0.59. 277,816 shares of the company’s stock were exchanged, compared to its average volume of 249,640. The company has a current ratio of 1.06, a quick ratio of 0.42 and a debt-to-equity ratio of -0.74. Turtle Beach Corporation has a one year low of $0.47 and a one year high of $1.74.

Turtle Beach Corporation (NASDAQ:HEAR) last posted its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $35.98 million during the quarter, compared to analyst estimates of $39.85 million. equities analysts anticipate that Turtle Beach Corporation will post -0.06 earnings per share for the current year.

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A number of equities research analysts recently weighed in on HEAR shares. ValuEngine cut shares of Turtle Beach Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Turtle Beach Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, B. Riley reissued a “neutral” rating and issued a $1.30 price target on shares of Turtle Beach Corporation in a research report on Sunday, July 23rd.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Coldstream Capital Management Inc. acquired a new position in Turtle Beach Corporation in the second quarter valued at $3,310,000. Perkins Capital Management Inc. increased its stake in Turtle Beach Corporation by 19.0% in the third quarter. Perkins Capital Management Inc. now owns 626,359 shares of the communications equipment provider’s stock valued at $520,000 after purchasing an additional 100,059 shares during the period. Virtu KCG Holdings LLC acquired a new position in Turtle Beach Corporation in the second quarter valued at $107,000. Finally, Macquarie Group Ltd. acquired a new position in Turtle Beach Corporation in the third quarter valued at $116,000. Institutional investors own 16.21% of the company’s stock.

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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