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Turtle Beach Announces Transformational Acquisition of PDP and Intention to Launch Reverse Dutch Tender Auction
Has defied filling the gap at .73 since April 2018.
Top Meme Stock Mentions Money to Move 08/30/2021
$HEAR: $46M
Money to Move is a proprietary estimate of the total added monetary volume required to move a stock based on float liquidity and short percentage. Updated daily for high social interest stocks.
See more... https://gravityanalyticaresearch.com https://gravityanalytica.com
$HEAR: Gonna be sold for $50/sh...........
Whoever wants to pay that amount.
Sure they will have to sweeten the bid.
Should look at December $40 calls ahead of that deal
GO $HEAR
$HEAR: Woahhhhhhhhhh...... monster pop to $29 here $HEAR The Donerail Group Announces That Its Recently Increased $36.50 All-Cash Offer Has Been Rejected By Turtle Beach Board
Wazzzzzuppppppppppppppppppppppppppp
GO $HEAR
What happened with this stock today? I've been very confused with this stocks activity for the past few months.
Yes this stock screams manipulation or A lot of early leaked information. I realize most of the stocks have some pre quarter expectation built into the price But before the markets open they released a phenomenal financial quarter and the stock didn't even budge up a bit after the 1st few minutes and then crashed significantly down and kept going down. They then release another statement with I'd say more good news and the stock tanks even more. I could understand if the news was neutral but this earnings quarter what's phenomenal for them. Someone at the company needs to address why this is happening and why their price Moved so high before their open disclosure of financials Or is there something they're not disclosing That insider investors or brokers know that would force it down
HEAR Smashed their record in earning and provided higher guidance for the rest of the year....Strong Buy
This should skyrocket tomorrow, after morning earning and conference call. That is what I think.
Ha! Insider sale CFO $8.67, small amount. To cover taxes I assume
Insider buying Gregory Ballard
Common Stock 11/13/2019 P 5000 A $8.80
Spouse
Common Stock 11/13/2019 P 5000 A $8.80
*Turtle Beach shares are trading lower after the company issued FY19 EPS sales guidance below analyst estimates.
Benzinga
4:53 pm ET
Turtle Beach Lowers FY2019 EPS Guidance from $0.90-1.10 to $0.65-0.75 vs $1.1 Est; Lowers FY2019 Sales Guidance from $240M-248M to $236M-242M vs $239.26M Est
Benzinga
4:51 pm ET
Turtle Beach Q3 EPS $(0.22) Beats $(0.23) Estimate, Sales $46.7M Beat $43.62M Estimate
News: $HEAR Turtle Beach Raises The Bar For High-Quality PC Audio With The Elite Atlas Aero Wireless High-Performance PC Headset - Now Available At Participating Retailers Worldwide
The All-New Elite Atlas Aero Delivers Premium Wireless Sound and Comfort, and Features Turtle Beach's Control Studio Desktop Software Suite with Immersive Waves Nx 3D Audio Gamers Get 12 FREE Months of TIDAL Premium with A New Elite Atlas Aero Headset Purchased from www.turtlebeach...
Find out more HEAR - Turtle Beach Raises The Bar For High-Quality PC Audio With The Elite Atlas Aero Wireless High-Performance PC Headset - Now Available At Participating Retailers Worldwide
News: $HEAR ROCCAT's New Kain Series Ultra-Responsive PC Gaming Mice Let Gamers Stay One Click Ahead Of The Competition - Available At Retail Starting Friday, September 27, 2019
SAN DIEGO , Sept. 26, 2019 /PRNewswire/ -- ROCCAT, Turtle Beach 's (Nasdaq: HEAR) Hamburg, Germany -based PC accessories division today announced the highly anticipated Kain series PC gaming mice will be available at participating retailers across Europe and Asia tomorrow, Frid...
Read the whole news HEAR - ROCCAT's New Kain Series Ultra-Responsive PC Gaming Mice Let Gamers Stay One Click Ahead Of The Competition - Available At Retail Starting Friday, September 27, 2019
Chart is as bullish as it gets and we broke the middle BB (20 MA)-all systems are on for a run. But, we need VOLUME and Market Cooperation to break the 50 MA. The low volume is concerning me a bit, but it is a low float stock. I hope that the company buys some stock back this week to give us a push.
Wow, very nice average. You got in after last ER?. Mine is at $9.28. I hope that we break the 50 MA and run to $11. Are you planning to hold or swing around a core?
chi-chinggg!!
ty for my 8.90s avg dumb shorts
20$ incoming
shorts are dead here. yes this ticker actually does have shorts
unlike the usual IhUB b.s. line
squeeze em
yess YESSS!
go turtle beach!
this pleases me
I like this company-they are buying back shares and the PPS responds so easily to any buying pressure. Doubled my holdings yestrday..
Excited for today, lets see how this one will perform.
$10 this week??
I bought 8.97s and low nines thinking that's the bottom
higher low from 8.50 previous
this company has a very strong balance sheet and business.
it just gets shorted to death because its the same sector as gamestop.
even if gamestop goes under this company will still make good money
just acquired a huge manufacturer in europe...
longs will beat shorts here
going to 25$ long
already oversold, immune to recession
Everything You Need For Your Premarket Including TurtleBeach
Turtle Beach slight earnings miss, but stock gapping down pretty heartily. Every day there is a Premarket Breakfast post with what's going on, why, gappers and sentiment. Today's Post is at
https://www.behindthebid.com/posts/premarket-breakfast-for-friday-august-9th
Market Movers, August. 09
https://interactiveswingtrading.com/2019/08/09/market-movers-august-09/
Turtle Beach Corporation (NASDAQ: HEAR), the leading gaming headset and audio accessory brand, has rescheduled its conference call to report financial results for the second quarter 2019 from Monday, August 12th to Thursday, August 8th.
summary of insider buying, levels to watch
DOORNINK 5000 at 10.47 on 6/14/19
DOORNINK 4938 at 10.47 on 6/13/19
DOORNINK 2305 at 10.13 on 6/12/19
HANSEN 4900 at 10.33 on 6/11/19
DOORNINK 15941 at 9.33 on 6/10/19
STARK 10500 at 9.78 on 6/10/19
WOLFE 10000 at 9.60 on 6/7/19
4th Buy DOORNINK
06/14/2019 P 5,000 A $10.47
Is It Finally Safe to Buy Turtle Beach Stock?
Insiders are scooping up shares, but the company still faces formidable headwinds.
Leo Sun
(TMFSunLion)
Jun 15, 2019 at 6:02PM
https://www.fool.com/investing/2019/06/15/is-it-finally-safe-to-buy-turtle-beach-stock.aspx
Turtle Beach (NASDAQ:HEAR) was one of the most volatile stocks of 2018. Shares of the gaming headset maker started the year at less than $2, surged to more than $30 by August, and were cut in half by the beginning of 2019. That pain continued as the stock stumbled nearly 30% in the first half of the year.
Turtle Beach's meteoric rise and fall were attributed to the explosive growth of "battle royale" games like PUBG and Fortnite, which let players communicate via headsets. Turtle Beach launched the first Xbox One-compatible wireless gaming headset just as the battle royale boom started, and it reaped massive rewards with triple-digit sales growth throughout most of 2018.
Turtle Beach headsets.
Image source: Turtle Beach.
But booms often end in busts, and Turtle Beach soon faced stiff competition from first-party and third-party headset makers, tough year-over-year comparisons, and the saturation of the battle royale market. Turtle Beach's revenue growth decelerated sharply, its earnings plunged, and investors flocked to the exits.
However, that sell-off reduced Turtle Beach's forward P/E ratio to 8, and it trades at about 0.5 times next year's sales. CEO Juergen Stark, CFO John Hanson, and directors Andrew Wolfe and Ronald Doornink also recently bought nearly $400,000 in shares. Those purchases are small relative to Turtle Beach's market value of about $150 million, but they indicate that the stock could finally be bottoming out. So is it finally safe to buy Turtle Beach's stock again?
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.
It expects its sales to decline 29%-34% in the second quarter and fall 14%-16% for the full year. Those estimates are disappointing, especially since they include revenue from its pending acquisition of PC accessory maker ROCCAT. Without the ROCCAT acquisition, which was arguably a desperate attempt to diversify itself away from gaming headsets and the battle royale market, its full-year revenue would decline about 23%.
Turtle Beach's gross margin also contracted 380 basis points annually to 33% during the first quarter due to higher promotional and marketing expenses, refurbishing costs, and higher sales of lower-margin devices. Its adjusted net income improved 10% to $2.2 million, but its EPS fell 19% due to a higher number of outstanding shares.
Turtle Beach expects to post a loss during the second quarter, and for its full-year EPS to decline 25%-32%. That dismal outlook doesn't include any gains from ROCCAT, which is only expected to boost its earnings growth starting in 2020.
A wireless Turtle Beach headset.
Image source: Turtle Beach.
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.
Sony (NYSE:SNE), Microsoft (NASDAQ:MSFT), Logitech (NASDAQ:LOGI), Razer, and other companies all sell gaming headsets that are comparable to Turtle Beach's. Turtle Beach still controls about 40% of the console headset market, but that could be attributed to the first mover's advantage it gained in 2017.
Therefore Turtle Beach's share could slide as users finally upgrade their aging headsets. Some gamers might even postpone their upgrades until Microsoft and Sony launch their new consoles in 2020.
Interest in Fortnite peaked last March according to Google Trends, and the game's viewership numbers on Twitch are declining. Electronic Arts' (NASDAQ:EA) Apex Legends was considered a potential successor to Fortnite earlier this year, but interest in the game seemed to peak after a few short months. That's troubling, because Juergen Stark mentioned Apex as a potential catalyst several times during the first-quarter conference call.
Turtle Beach's plan for ROCCAT is also worrisome, because it expands its portfolio with PC keyboards and mice -- which are both heavily commoditized products. Stark noted that sales of ROCCAT keyboards were robust in Germany, but it's unclear how the brand will fare against Logitech and other major players in other markets.
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. The stock is cheap for a reason, and the strongest headwinds won't dissipate anytime soon.
3 Small Technology Stocks Insiders Are Buying
Jun. 17, 2019 10:29 AM ET|Includes: Turtle Beach Corporation (HEAR), MCHX, PSDO
https://seekingalpha.com/instablog/498952-bret-jensen/5316826-3-small-technology-stocks-insiders-buying
Coffee and chocolate—the inventor of mocha should be sainted.” ? Cherise Sinclair, Hour of the Lion
The market has done quite a bit better here in June compared with May, where the overall market fell just over six percent. Tensions with Iran and China still remain headwinds for equities. This has been counterbalanced nicely by increasing consensus the next move by the Federal Reserve will be an in interest rate cut, most likely at the September Fed meeting.
We are approximately a month away from the start of second quarter earnings season. So what are insiders buying now given the current uncertainty in the market? It appears there is some buying across the small technology sector. Here are three names that caught our eye.
Let's start with Turtle Beach (HEAR). This company is based just outside San Diego. Turtle Beach also develops various gaming headset solutions for various platforms, including video game and entertainment consoles, handheld consoles, personal computers, and mobile and tablet devices under the Turtle Beach brand. In addition, it provides directional audio with applications in digital signage and kiosks, consumer electronics, and hearing healthcare under the brand name of HyperSound.
Source: Investor Presentation
The stock is seeing its first insider buying since November of 2017. Two separate directors, the company's CFO and its CEO together bought nearly $500,000 in new shares in a half dozen transactions for June 7th to June 13th.
Despite delivering a solid Q1 earnings report on May 8th, the shares trade near 52 week lows and off some 60% from highs last year. Q2 guidance was lower than the consensus but the company did reaffirm 2019 full year guidance of between $240-248 million in revenue and and $0.90-1.00 in EPS. Gross margins did fall to 33% from 36.8% in Q1. Insiders seem to signaling the shares look undervalued at current trading levels.
DOORNINK buys a third time - 6/13/2019 P 4938 A $10.47
Director inside buyer
DOORNINK RONALD
6/12
P 2305 A $10.13
Director inside buyer
6/12
P 2305 A $10.13
CFO insider purchase
6/11/2019 P 4900 A $10.33
another insider purchase
Director DOORNINK RONALD
6/10/2019 P 15941 A $9.33
pays to have IHUB - news alerts on followed stocks.
Investor deck from yesterday
Jun 10, 2019 at 4:10 PM EDT
Stifel 2019 Cross Sector Insight Conference
(when is Stifel going to cover the stock?)
http://investor.turtlebeachcorp.com/static-files/1388b5af-2dd2-42e9-a9b0-cd5886feb3f4
Insider purchases CEO and Director
Common Stock 6/10/2019 P 10500 A $9.78
6/7/2019 P 10000 A $9.60
News: $HEAR Turtle Beach Reveals New Products For E3 2019
SAN DIEGO , June 4, 2019 /PRNewswire/ -- Turtle Beach (Nasdaq: HEAR), the global leader in gaming headsets and audio accessories, today revealed new products the Company will be showing for the first time at next week's Electronic Entertainment Expo (E3) 2019. For PC gamers, Turtle Beac...
Read the whole news https://marketwirenews.com/news-releases/turtle-beach-reveals-new-products-for-e3-2019-8296374.html