Turtle Beach Corp (NASDAQ:HEAR) had its price target decreased by Wunderlich from $2.50 to $2.00 in a research note issued to investors on Wednesday morning, AnalystRatings.NET reports. Wunderlich currently has a hold rating on the stock.

A number of other research analysts have also commented on HEAR. Oppenheimer started coverage on Turtle Beach Corp in a research report on Wednesday, September 30th. They set an outperform rating and a $6.00 price target for the company. Zacks Investment Research lowered Turtle Beach Corp from a hold rating to a strong sell rating in a research report on Saturday, January 16th. Finally, B. Riley lowered their price target on Turtle Beach Corp from $4.25 to $2.50 and set a buy rating for the company in a research report on Monday, January 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Turtle Beach Corp currently has a consensus rating of Buy and an average price target of $3.92.

In other Turtle Beach Corp news, insider Frederick J. Romano sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, November 30th. The stock was sold at an average price of $2.32, for a total transaction of $32,480.00. Following the transaction, the insider now owns 5,577,233 shares in the company, valued at approximately $12,939,180.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Turtle Beach Corp (NASDAQ:HEAR) traded down 9.62% on Wednesday, hitting $1.41. The stock had a trading volume of 61,219 shares. Turtle Beach Corp has a 1-year low of $1.30 and a 1-year high of $3.72. The stock has a 50 day moving average price of $1.89 and a 200 day moving average price of $2.22. The company’s market cap is $59.95 million.

Turtle Beach Corp (NASDAQ:HEAR) last released its earnings results on Monday, November 9th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The company earned $35.90 million during the quarter, compared to the consensus estimate of $34.16 million. On average, equities research analysts expect that Turtle Beach Corp will post ($0.78) EPS for the current fiscal year.

Turtle Beach Corporation (NASDAQ:HEAR), formerly Parametric Sound Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing audio technologies under the Turtle Beach and HyperSound brands. The Company operates through two business segments: Voyetra Turtle Beach and HyperSound. The Turtle Beach brand is engaged in providing headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices. The HyperSound technology is a sound technology that delivers directional audio in commercial settings and consumer devices, including clarity and comprehension for listeners with hearing loss. The Company markets its HyperSound technology to retailers and audio-visual integrators for commercial applications.

12 Month Chart for NASDAQ:HEAR

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