Turtle Beach (HEAR) Receives News Sentiment Rating of 0.01

Media coverage about Turtle Beach (NASDAQ:HEAR) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Turtle Beach earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 46.125832254474 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

A number of research firms recently weighed in on HEAR. ValuEngine lowered shares of Turtle Beach from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Turtle Beach from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th.

Shares of Turtle Beach (NASDAQ HEAR) traded down $0.02 during mid-day trading on Friday, reaching $0.45. 155,500 shares of the company’s stock were exchanged, compared to its average volume of 240,340. Turtle Beach has a twelve month low of $0.45 and a twelve month high of $1.74. The company has a quick ratio of 0.42, a current ratio of 1.06 and a debt-to-equity ratio of -0.74.

Turtle Beach (NASDAQ:HEAR) last issued its quarterly earnings data 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 firm had revenue of $35.98 million during the quarter, compared to the consensus estimate of $39.85 million. equities analysts expect that Turtle Beach will post -0.06 EPS for the current year.

In related news, CEO Juergen M. Stark bought 83,333 shares of Turtle Beach stock in a transaction dated Thursday, November 16th. The stock was purchased at an average cost of $0.54 per share, with a total value of $44,999.82. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Frederick J. Romano sold 56,792 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $0.80, for a total transaction of $45,433.60. Following the transaction, the insider now directly owns 4,702,725 shares of the company’s stock, valued at $3,762,180. The disclosure for this sale can be found here. Insiders sold a total of 1,378,666 shares of company stock valued at $1,018,933 over the last ninety days. 74.00% of the stock is currently owned by insiders.

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Turtle Beach 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.

Insider Buying and Selling by Quarter for Turtle Beach (NASDAQ:HEAR)

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