Turtle Beach Corporation (NASDAQ:HEAR) CEO Juergen M. Stark acquired 83,333 shares of the stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Turtle Beach Corporation (HEAR) traded up $0.05 during mid-day trading on Friday, hitting $0.59. The company had a trading volume of 277,816 shares, compared to its average volume of 209,662. Turtle Beach Corporation has a 52-week low of $0.47 and a 52-week high of $1.74. The company has a debt-to-equity ratio of -0.74, a current ratio of 1.06 and a quick ratio of 0.42.

Turtle Beach Corporation (NASDAQ:HEAR) last issued its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.04. The business had revenue of $35.98 million for the quarter, compared to the consensus estimate of $39.85 million. research analysts expect that Turtle Beach Corporation will post -0.06 EPS for the current year.

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

Hedge funds have recently modified their holdings of the stock. Virtu KCG Holdings LLC bought a new stake in shares of Turtle Beach Corporation during the 2nd quarter worth approximately $107,000. Macquarie Group Ltd. bought a new stake in shares of Turtle Beach Corporation during the 3rd quarter worth approximately $116,000. Perkins Capital Management Inc. increased its holdings in Turtle Beach Corporation by 19.0% during the 3rd quarter. Perkins Capital Management Inc. now owns 626,359 shares of the communications equipment provider’s stock worth $520,000 after purchasing an additional 100,059 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new position in Turtle Beach Corporation during the 2nd quarter worth $3,310,000. 16.21% of the stock is owned by hedge funds and other institutional investors.

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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