Its stock is getting more expensive. Based on those estimates, Turtle Beach's stock trades at 12 times forward earnings. That multiple is still low, but it could continue rising as its earnings growth decelerates.
Full Answer
Do analysts agree on Turtle Beach (Turtle Beach) stock's price targets?
Mar 03, 2022 · What happened. Shares of Turtle Beach ( HEAR -0.05% ) were trading down 16.8% as of 1:43 p.m. ET on Thursday. The gaming-peripherals maker delivered disappointing fourth-quarter earnings results ...
What drove Turtle Beach’s stock down in Q4?
Nov 07, 2018 · The stock closed at $156.31 on Thursday, then opened on Friday at $149.56 and fell to a low of $139.93 in early morning trading before rallying a …
Is Turtle Beach a good company?
Jun 18, 2021 · Corsair Gaming posted a 17% increase in net revenue in 2019, before the pandemic. Logitech and Corsair Gaming are two of Turtle Beach's top competitors. Logitech's $1.2 billion in gaming revenue ...
How much money does Turtle Beach make?
Apr 17, 2022 · 5 brokerages have issued 1-year price objectives for Turtle Beach's stock. Their forecasts range from $24.00 to $34.00. On average, they anticipate Turtle Beach's stock price to reach $30.00 in the next twelve months. This suggests a possible upside of 80.5% from the stock's current price.
Why did turtle beach stock drop?
Is Turtle Beach stock a good buy?
Will Turtle Beach stock go up?
Why do some stocks stay low?
Lower demand causes a stock to lose some value—and plummeting demand could cause it to lose all value. Since a stock's price is meant to reflect its future profitability and growth, companies that go bankrupt can become effectively worthless.Mar 23, 2022
Does Corsair own Turtle Beach?
Is HEAR a buy now?
Is it good to buy a stock when its low?
The sum of these discounted future cash flows is the theoretical price target. Logically, if the current stock price is below this value, then it is likely to be a good buy.
Should I buy a stock when its low?
What happens if you invest $1 in a stock?
Is Turtle Beach a buy right now?
5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Turtle Beach in the last year. There are currently 1 hold rating...
How has Turtle Beach's stock price been impacted by Coronavirus?
Turtle Beach's stock was trading at $5.75 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization....
When is Turtle Beach's next earnings date?
Turtle Beach is scheduled to release its next quarterly earnings announcement on Wednesday, May 4th 2022. View our earnings forecast for Turtle Be...
How were Turtle Beach's earnings last quarter?
Turtle Beach Co. (NASDAQ:HEAR) announced its quarterly earnings data on Wednesday, March, 2nd. The communications equipment provider reported $0.16...
When did Turtle Beach's stock split? How did Turtle Beach's stock split work?
Turtle Beach shares reverse split on Monday, April 9th 2018. The 1-4 reverse split was announced on Friday, April 6th 2018. The number of shares ow...
What guidance has Turtle Beach issued on next quarter's earnings?
Turtle Beach updated its FY 2022 earnings guidance on Wednesday, March, 16th. The company provided earnings per share (EPS) guidance of $0.700-$1.2...
What price target have analysts set for HEAR?
5 analysts have issued 12 month price objectives for Turtle Beach's shares. Their forecasts range from $24.00 to $34.00. On average, they expect Tu...
Who are Turtle Beach's key executives?
Turtle Beach's management team includes the following people: Juergen Markus Stark , Chairman, President & Chief Executive Officer Jose Rosado ,...
What is Juergen Stark's approval rating as Turtle Beach's CEO?
12 employees have rated Turtle Beach CEO Juergen Stark on Glassdoor.com . Juergen Stark has an approval rating of 87% among Turtle Beach's employees.
Is Turtle Beach bigger than Logitech?
Even though Turtle Beach is smaller than Logitech or Corsair, its gross profit margin at 37% is on par with the industry leaders, so it's not being elbowed out of the market on price. Customers value Turtle Beach's products as highly as they value any other brand.
Who is John Mackey?
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
How many people play video games in 2020?
He pointed to a then-recent study by NPD Group that showed that 244 million people in the U.S. play video games, up 13% from 2018.
Is Turtle Beach a buy right now?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Turtle Beach in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Turtle Beach stock.#N#View analyst ratings for Turtle Beach or view top-rated stocks.
What stocks does MarketBeat like better than Turtle Beach?
Wall Street analysts have given Turtle Beach a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Turtle Beach wasn't one of them.
Are investors shorting Turtle Beach?
Turtle Beach saw a increase in short interest during the month of July. As of July 30th, there was short interest totaling 1,960,000 shares, an increase of 15.3% from the July 15th total of 1,700,000 shares. Based on an average trading volume of 393,300 shares, the days-to-cover ratio is presently 5.0 days.#N#View Turtle Beach's Short Interest.
When is Turtle Beach's next earnings date?
Turtle Beach is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.#N#View our earnings forecast for Turtle Beach.
How were Turtle Beach's earnings last quarter?
Turtle Beach Co. (NASDAQ:HEAR) posted its quarterly earnings data on Wednesday, August, 4th. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.07) by $0.21.
How has Turtle Beach's stock price been impacted by COVID-19?
Turtle Beach's stock was trading at $5.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, HEAR shares have increased by 400.2% and is now trading at $28.76.#N#View which stocks have been most impacted by COVID-19.
When did Turtle Beach's stock split? How did Turtle Beach's stock split work?
Turtle Beach's stock reverse split on the morning of Monday, April 9th 2018. The 1-4 reverse split was announced on Friday, April 6th 2018. The number of shares owned by shareholders was adjusted after the closing bell on Friday, April 6th 2018.
Insiders are scooping up shares, but the company still faces formidable headwinds
Leo is a tech and consumer goods specialist who has covered the crossroads of Wall Street and Silicon Valley since 2012. His wheelhouse includes cloud, IoT, analytics, telecom, and gaming related businesses. Follow him on Twitter for more updates!
What happened to Turtle Beach?
Turtle Beach's posted triple-digit sales growth in the first three quarters of 2018. That streak ended in the fourth quarter when its sales rose only 40%, and decelerated again in the first quarter with just 10% growth.
The biggest problems
Turtle Beach's biggest challenges include competition, long headset upgrade cycles (which last up to two years), sluggish video game sales, and waning interest in battle royale games.
Turtle Beach's stock is cheap for a reason
Turtle Beach's recent insider purchases sparked a rally in the stock, but I suspect that was sparked by shorts covering their positions -- about half of its shares were being shorted at the end of May. Therefore, investors shouldn't follow management's lead and buy shares down here.
Do the pros outweigh the cons?
Leo is a tech and consumer goods specialist who has covered the crossroads of Wall Street and Silicon Valley since 2012. His wheelhouse includes cloud, IoT, analytics, telecom, and gaming related businesses. Follow him on Twitter for more updates!
4 reasons to buy Turtle Beach
Turtle Beach's growth is explosive. Its revenue rose 107% annually to $74 million during the third quarter, beating estimates by about $1 million. It generated net income of $14.7 million, or $0.91 per share, clearing estimates by $0.15 and marking a big improvement from its loss of $0.5 million, or $0.04 per share, a year earlier.
4 reasons to sell Turtle Beach
Turtle Beach's growth is decelerating. Its headset sales are heavily dependent on the battle royale boom, and are expected to drop sharply as the market becomes saturated. The company expects its revenue to grow just 18% annually during the fourth quarter, and for its EPS to fall 11%.
The verdict: Take some profits
Turtle Beach investors should take some money off the table after the stock's monstrous rally this year. I'm not saying the stock will crash, but the company faces decelerating growth and tougher competition as it rides the coattails of a single hot gaming genre -- which doesn't seem like a sustainable long-term strategy.
Who is Leo in 2020?
Feb 14, 2020 at 12:51PM. Author Bio. Leo is a tech and consumer goods specialist who has covered the crossroads of Wall Street and Silicon Valley since 2012. His wheelhouse includes cloud, IoT, analytics, telecom, and gaming related businesses.
Who is Teresa Kersten?
Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Leo Sun has no position in any of the stocks mentioned.