The CFO, Treas & Sec of Turtle Beach Corp (NASDAQ: HEAR) is Buying Shares

By Carrie Williams

Today, the CFO, Treas & Sec of Turtle Beach Corp (HEARResearch Report), John T. Hanson, bought shares of HEAR for $50.62K.

Following this transaction John T. Hanson’s holding in the company was increased by 100% to a total of $50.18K. In addition to John T. Hanson, 3 other HEAR executives reported Buy trades in the last month.

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Based on Turtle Beach Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $44.85 million and quarterly net profit of $3.06 million. In comparison, last year the company earned revenue of $40.89 million and had a net profit of $1.96 million. HEAR’s market cap is $149.3M and the company has a P/E ratio of 4.33. Currently, Turtle Beach Corp has an average volume of 843K.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $23.20, reflecting a 127.7% upside. Starting in July 2018, HEAR received 41 Buy ratings in a row. Five different firms, including D.A. Davidson and Maxim Group, currently also have a Buy rating on the stock.

The insider sentiment on Turtle Beach Corp has been neutral according to 36 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

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Turtle Beach Corp. engages in the development, commercialization, and marketing of audio peripherals. It operates through the Headset and HyperSound business segments. The Headset segment offers gaming headset solutions for video game and entertainment consoles, personal computers, and mobile and tablet devices.