Maxim Group Sticks to Their Buy Rating for Turtle Beach Corp (HEAR)

By Jason Carr

In a report released today, Nehal Chokshi from Maxim Group reiterated a Buy rating on Turtle Beach Corp (HEARResearch Report), with a price target of $28. The company’s shares closed yesterday at $15.03.

Chokshi wrote:

“Up to $10M of share repurchases via restructured revolver, which indicates that debtors are seeing strong data from Turtle Beach.”

According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 7.0% and a 52.2% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Turtle Beach Corp with a $30.40 average price target, implying a 102.3% upside from current levels. In a report issued on December 7, D.A. Davidson also reiterated a Buy rating on the stock with a $30 price target.

.

See today’s analyst top recommended stocks >>

Based on Turtle Beach Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $14.72 million. In comparison, last year the company had a GAAP net loss of $492K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Turtle Beach Corp. engages in the development, commercialization, and marketing of innovative products. It operates through the Headset, and HyperSound segments.