Friday, March 15, 2019 8:22:04 AM
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.”
Recent HEAR News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 09:47:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 08:01:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 09:00:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:22:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:20:10 PM
- Turtle Beach Corporation Announces Planned Retirement of CFO John Hanson • GlobeNewswire Inc. • 08/08/2024 08:16:00 PM
- Turtle Beach Corporation Announces Second Quarter 2024 Results and Raises Full Year Outlook • GlobeNewswire Inc. • 08/08/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 01:19:46 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 01:12:36 AM
- Turtle Beach Corporation to Report Second Quarter 2024 Financial Results on Thursday, August 8, 2024 • GlobeNewswire Inc. • 07/25/2024 08:15:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 12:43:25 PM
- Turtle Beach Corporation Appoints Libby Bush to Board of Directors • GlobeNewswire Inc. • 07/25/2024 12:30:00 PM
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 07/10/2024 08:23:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/13/2024 08:05:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 01:21:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:57:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 09:37:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/31/2024 09:25:43 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/30/2024 08:05:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 09:00:10 PM
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- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 05/21/2024 10:08:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 10:03:11 PM
- Raise Your Rank With Turtle Beach – New Gaming Headsets, Keyboards, & Mice – Now Available • Business Wire • 05/20/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 11:23:54 PM
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