Turtle Beach Corp. (HEAR)

[realfast95]

Turtle Beach Corp Reiterated Rating by Maxim Group (Ranked 75th) to Buy with $26PT
Turtle Beach HEAR Maxim Group Buy $28 » $26


Oppenheimer Keeps a Buy Rating on Turtle Beach Corp (HEAR)
By Carrie Williams

[Turtle Beach Corp (NASDAQ: HEAR)] In a report released today, Andrew Uerkwitz from Oppenheimer maintained a Buy rating on Turtle Beach Corp (HEAR – Research Report), with a price target of $24. The company’s shares closed yesterday at $16.25.

Uerkwitz commented:

“Turtle Beach reported 4Q18 revenue/adjusted EBTIDA of $111.3M/$25M, at the high-end of the pre-announced ranges as of February 7th. The company also announced the acquisition of German-based PC peripheral maker ROCCAT. With ROCCAT’s expected sales contribution ($20-24M), 2019 revenue guidance is in- line with consensus; however, 1Q19 revenue guidance is especially strong, up Y/Y from 1Q18. Management takes a conservative stance for 2019, assuming fewer new headset buyers than in 2018. We continues to stay positive on HEAR: the ROCCAT acquisition gives the company a low risk entry into major new product categories while HEAR’s competition position in console headsets and management execution remain solid. Reiterate Outperform.”