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3 Small Technology Stocks Insiders Are Buying

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Turtle Beach, ROCCAT and Team Summertime Join Forces For Charity Black Ops II Invitational To Help Those Struggling With Depr... PR Newswire (US) - 10/27/2020 4:05:00 PM
Turtle Beach Corporation To Report Third Quarter 2020 Financial Results On Thursday, November 5, 2020 PR Newswire (US) - 10/22/2020 8:30:00 AM
Turtle Beach PC Brand - ROCCAT - Joins Forces With Shellback Tech To Give America's Disabled Veterans & Disabled First Respon... PR Newswire (US) - 10/19/2020 8:30:00 AM
ROCCAT's All-New Elo Series PC Gaming Headsets Available At Participating Retailers Worldwide Sunday, October 4, 2020 PR Newswire (US) - 10/1/2020 8:30:00 AM
ROCCAT Unveils The All-New Burst Pro PC Gaming Mouse Featuring The Titan Optical Switch - Lightweight, Symmetrical, And Up To... PR Newswire (US) - 9/29/2020 8:30:00 AM
ROCCAT Debuts Performance Optical Switches Plus New Variants Of Its Award-Winning Vulcan Series PC Gaming Keyboards PR Newswire (US) - 9/22/2020 8:30:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/18/2020 6:40:34 PM
Turtle Beach's New Stealth 700 Gen 2 And Stealth 600 Gen 2 Headsets For Xbox One, Xbox Series X | S, PlayStation 4, And PlayS... PR Newswire (US) - 9/17/2020 8:30:00 AM
ROCCAT Reveals The Elo Series PC Gaming Headsets - The First Products In The Brand's New Lineup Of Precision PC Gaming Access... PR Newswire (US) - 9/14/2020 8:30:00 AM
Turtle Beach Laces Up With Kickstradomis To Create Unique Custom Gear & Activations PR Newswire (US) - 9/10/2020 4:15:00 PM
Turtle Beach Reports Retail Console Gaming Headset Sales In North America Set Record For July PR Newswire (US) - 8/19/2020 8:30:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 8/17/2020 7:55:11 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 8/17/2020 7:53:01 PM
Introducing Stealth 700 Gen 2 And Stealth 600 Gen 2 - The Next Generation Of Turtle Beach's Best-Selling Wireless Gaming Head... PR Newswire (US) - 8/13/2020 8:30:00 AM
Turtle Beach Introduces Specialized Bundles To Improve Everyone's Work From Home And Online Learning Experiences PR Newswire (US) - 8/10/2020 8:30:00 AM
Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) Edgar (US Regulatory) - 8/10/2020 6:06:54 AM
Turtle Beach Reports Record Second Quarter 2020 Results And Significantly Raises Full-Year Outlook PR Newswire (US) - 8/6/2020 7:00:00 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 8/6/2020 6:22:18 AM
Turtle Beach Corporation To Report Second Quarter 2020 Financial Results On Thursday, August 6, 2020 PR Newswire (US) - 7/23/2020 8:30:00 AM
Turtle Beach And ROCCAT Team-Up With Pop Culture And Esports Creator And Host Erin Ashley Simon PR Newswire (US) - 7/15/2020 4:05:00 PM
Turtle Beach To Be Added To Russell 3000® Index PR Newswire (US) - 6/25/2020 8:30:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/23/2020 4:31:16 PM
Turtle Beach Increases Sales Outlook For Second Quarter Of 2020 PR Newswire (US) - 6/16/2020 6:30:00 AM
Top YouTubers Ali-A And Clare Siobhan Team-Up With ROCCAT For PC Gaming Accessories Partnership PR Newswire (US) - 6/10/2020 8:30:00 AM
Additional Proxy Soliciting Materials (definitive) (defa14a) Edgar (US Regulatory) - 6/4/2020 8:31:11 AM
realfast95 Member Level  Monday, 06/17/19 10:40:42 AM
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3 Small Technology Stocks Insiders Are Buying
Jun. 17, 2019 10:29 AM ET|Includes: Turtle Beach Corporation (HEAR), MCHX, PSDO


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.

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