Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, and other accessories for the personal computer peripherals market under the brand of ROCCAT. It serves retailers, distributors, and other customers in North America, the United Kingdom, Europe, and internationally. Turtle Beach Corporation was founded in 1975 and is based in White Plains, New York.
IPO Year:
Exchange: NASDAQ
Website: corp.turtlebeach.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/9/2024 | $17.00 | Perform → Outperform | Oppenheimer |
| 5/5/2023 | $10.00 → $16.00 | Buy | Maxim Group |
| 11/28/2022 | $18.00 | Buy | ROTH Capital |
| 8/9/2022 | $25.00 → $14.00 | Buy → Neutral | DA Davidson |
| 8/9/2022 | Outperform → Perform | Oppenheimer | |
| 5/17/2022 | $27.00 | Neutral → Outperform | Wedbush |
| 3/4/2022 | $34.00 → $30.00 | Buy | Stifel |
| 3/1/2022 | $27.00 → $24.00 | Outperform → Neutral | Wedbush |
| 1/7/2022 | $42.00 → $40.00 | Buy | Maxim Group |
| 1/6/2022 | $41.00 → $34.00 | Outperform | Oppenheimer |
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Oppenheimer upgraded Turtle Beach from Perform to Outperform and set a new price target of $17.00
Maxim Group reiterated coverage of Turtle Beach with a rating of Buy and set a new price target of $16.00 from $10.00 previously
ROTH Capital initiated coverage of Turtle Beach with a rating of Buy and set a new price target of $18.00
DA Davidson downgraded Turtle Beach from Buy to Neutral and set a new price target of $14.00 from $25.00 previously
Oppenheimer downgraded Turtle Beach from Outperform to Perform
Wedbush upgraded Turtle Beach from Neutral to Outperform and set a new price target of $27.00
Stifel reiterated coverage of Turtle Beach with a rating of Buy and set a new price target of $30.00 from $34.00 previously
Wedbush downgraded Turtle Beach from Outperform to Neutral and set a new price target of $24.00 from $27.00 previously
Maxim Group reiterated coverage of Turtle Beach with a rating of Buy and set a new price target of $40.00 from $42.00 previously
Oppenheimer reiterated coverage of Turtle Beach with a rating of Outperform and set a new price target of $34.00 from $41.00 previously
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– Third Quarter Net Revenue of $94.4 million, up 60% Year-over-Year –– Net Income was $3.4 million compared to a Net Loss of ($3.6) in prior year –– Adjusted EBITDA was $16.3 million compared to $1.0 in prior year –– Raising Full Year 2024 EBITDA Guidance Again on Continued Execution Strength –– Repurchased $10.1 Million of Common Shares in the Third Quarter – WHITE PLAINS, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessories brand, today reported financial results for the third quarter ended September 30, 2024. Third Quarter Highlights Net revenue was $94.4 million, an increase of 60% compared to the prior year period.Net in
WHITE PLAINS, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR) a leading gaming headset and accessories brand, today announced it will report financial results for the third quarter 2024 on Thursday, November 7, 2024 after the close of trading on the Nasdaq Stock Market. The Company will also host a conference call and audio webcast at 5:00p.m. ET / 2:00p.m. PT that same day to review the results. The call will be hosted by Cris Keirn, Chief Executive Officer, and John Hanson, Chief Financial Officer. Conference Call InformationThe live webcast of the call will be available on the "Events & Presentations" page of the Company's website at www.turtlebe
– Second Quarter Net Revenue of $76.5 million, up 59% Year-over-Year –– Raising Full Year 2024 Guidance on Continued Execution Strength –– Repurchased $15 Million of Common Shares in the Second Quarter –– Highlight Intention to Continue Share Repurchases at Attractive Price Levels – WHITE PLAINS, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming headset and accessories brand, today reported financial results for the second quarter ended June 30, 2024. Second Quarter Highlights Net revenue was $76.5 million, an increase of 59% compared to the prior year period.Net loss was $(7.5) million or ($0.35) per share compared to a net loss of ($15.9)
WHITE PLAINS, N.Y., July 25, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR) a leading gaming headset and accessories brand, today announced it will report financial results for the second quarter 2024 on Thursday, August 8, 2024 after the close of trading on the Nasdaq Stock Market. In conjunction with reporting second quarter 2024 results, Turtle Beach will also host a conference call and audio webcast at 5:00p.m. ET / 2:00p.m. PT that same day to review the results. On the call, Cris Keirn, Chief Executive Officer, and John Hanson, Chief Financial Officer, will discuss the second quarter results and provide commentary on business performance. A question-and-answer sessi
Strong Product Demand Increases Net Revenue 8.6% Year-over-Year Diligent Cost Management Initiatives Significantly Improve Adjusted EBITDA Profitability Favorable Gaming Trends and Upcoming New Product Launches Position Turtle Beach for Continued Success Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company"), a leading gaming accessories brand, today reported financial results for the first quarter ended March 31, 2024. First Quarter Summary vs. Year-Ago Quarter: Net revenue was $55.8 million, an increase of 8.6% compared to $51.4 million a year ago; Net income was $0.2 million, or $0.01 per diluted share, compared to net loss of $6.7 million, or $0.40 per di
Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming headset and accessory brand, today announced it will report financial results for the first quarter 2024 on Tuesday, May 7, 2024. In conjunction with reporting first quarter 2024 results, Turtle Beach will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company's CEO, Cris Keirn, and CFO, John Hanson. A live webcast of the call will be available on the "Events & Presentations" page of the Company's website at www.turtlebeachcorp.com. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conferen
Highly Accretive Acquisition of Performance Designed Products Expands Product Portfolio, Strengthens Profitability and Meaningfully Enhances Size of Company Establishes a Powerhouse in Hardware Gaming Accessories with Leadership Positions in Console Headsets and Controllers, Amplified by Significant Financial Synergies Announces Intent to Launch a Modified Dutch Tender Offer to Repurchase up to $30 Million in Value of Its Common Stock Between Range of $13.75 - $15.00 Per Share Pro Forma Prospective Net Debt of 0.7X at Transaction Closing Leaves Meaningful Financial Cushion to Fund Additional Growth Initiatives and Capital Return Alternatives Announces the Appointment of Cris Keirn a
Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company"), a leading gaming accessories brand, today reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter Summary vs. Year-Ago Quarter: Net revenue was $99.5 million, a decrease of 1.3% compared to $100.9 million a year ago; Net income was $8.6 million, or $0.47 per diluted share, compared to net loss of $23.2 million, or $1.40 per diluted share, a year ago; Adjusted EBITDA improved to $14.0 million compared to $1.0 million a year ago. 2023 Full-Year Summary vs. 2022: Net revenue was $258.1 million, an increase of 7.5% compared to $240.2 million a year ago; N
Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming headset and accessory brand, today announced it will report financial results for the fourth quarter and full year 2023 on Wednesday, March 13, 2024. In conjunction with reporting fourth quarter and full year 2023 results, Turtle Beach will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company's Interim CEO and SVP of Global Sales, Cris Keirn, and CFO, John Hanson. A live webcast of the call will be available on the "Events & Presentations" page of the Company's website at www.turtlebeachcorp.com. To access the call by phone, please go to this link (registration link) and you will be provided with dial-in details. T
Q3 Revenue Increased 15% Year-over-Year Gross Margin % Continue to Improve; Delivers Highest Level in Six Quarters Company Raises Run Rate Profitability Outlook Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company") reported financial results for the third quarter ended September 30, 2023. Third Quarter Summary vs. Year-Ago Quarter: Net revenue was $59.2 million, an increase of 15.3% compared to $51.3 million a year ago; Net loss was $3.6 million, or $0.21 per diluted share, compared to net loss of $12.0 million, or $0.73 per diluted share, a year ago; Adjusted EBITDA improved to $1.0 million compared to an Adjusted EBITDA lo
WHITE PLAINS, N.Y., July 25, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming headset and accessories brand, today announced the appointment of Libby Bush, Global Head of Media & Entertainment Partnerships at leading entertainment and sports agency, Creative Artists Agency (CAA), to its board of directors (the "Board") as an independent director, effective immediately. Following her election to the Board, Ms. Bush has been added as a member of its Compensation Committee. With Ms. Bush's appointment, the Board now includes a total of nine directors. In addition, William Wyatt, who has served as an independent board member since 2023, has been named Chair of
Amends the Cooperation Agreement with Donerail; William Wyatt to be Added to Additional Governance Committees and Waives Replacement Rights for Outgoing Director Highlights Significant Recent Improvements Made by the Refreshed Turtle Beach Board of Directors in Furtherance of Its Commitment for Best-in-Class Corporate Governance Turtle Beach Corporation (NASDAQ:HEAR, the ", Company", ))), a leading gaming headset and audio accessory brand, continues to take actions to further its mission for best-in-class Corporate Governance. The Board of Directors ("Board") announced today a waiver agreement under the May 13, 2022, Cooperation Agreement signed between the Board and one of its largest s
Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR) announced today the appointment of Cris Keirn as interim Chief Executive Officer (CEO), effective July 1, 2023. Mr. Keirn will succeed Juergen Stark, who has served as CEO since 2012, and is working with Mr. Stark to ensure a seamless transition. As previously announced, the Turtle Beach Board of Directors is engaged in a comprehensive search for a permanent CEO, and Mr. Keirn will continue to be a strong candidate for that role. "In his role as Senior Vice-President, Global Sales for Turtle Beach since 2016, Cris and his team have significantly strengthened our global omni-channel execution and delivered nearly $2 bill
Delivers on Commitment to Appointing a Shareholder Representative Board Forms Value Enhancement Committee to Review a Broad Range of Strategic Opportunities Turtle Beach Corporation (NASDAQ:HEAR, the "Company"))), one of the world's leading gaming accessory brands, today announced the appointment of William Wyatt to the Company's Board of Directors (the "Board"), effective immediately. In addition, the Board announced that it has formed a Value Enhancement Committee (the "Committee") to review and assess a broad range of opportunities to maximize value for shareholders, including potential strategic transactions. "There is strong progress underway at Turtle Beach, as evidenced by th
Immersion Continues to Reject Company's Extensive Efforts to Settle No Shareholder Action Required at This Time Turtle Beach Corporation (NASDAQ:HEAR, the "Company"))), a leading gaming headset and audio accessory brand, today issued the following statement regarding its extensive efforts to reach a settlement with Immersion Corporation (NASDAQ:IMMR, "Immersion"))): In the interest of avoiding another costly and distracting proxy contest, members of the Turtle Beach Board and management team have engaged extensively and in good faith with Immersion, including offering three separate counterproposals that were ultimately rejected. Immersion's submission of a nomination notice, includin
Skilled Leader Brings Over 25 Years of Senior Executive Experience in Capital Markets and Investment Management With Ms. Sze's Appointment, the Turtle Beach Board Has Replaced the Majority of Its Board Members in the Last Seven Months, In Furtherance of its May 2022 Cooperation Agreement with The Donerail Group LP Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company"), today announced the appointment of Julia Sze to the Company's Board of Directors. Ms. Sze is a Chartered Financial Analyst with over 25 years of senior executive experience in capital markets and investment management. She currently serves as an impact investor, working with
Experienced Leader Brings Business and Financial Expertise Four New Independent Directors Appointed Since May 2022 in Furtherance of Agreement with Donerail and Continuing Company's Longstanding Commitment to Board Refreshment Leading gaming accessory maker Turtle Beach (NASDAQ:HEAR) ("Turtle Beach" or the "Company"), today announced the appointment of Terry Jimenez to the Company's Board of Directors. Mr. Jimenez will also join the Board's Nominating and Governance Committee. Mr. Jimenez most recently served as Chief Executive Officer, President and board member at Tribune Publishing Company, a media company, and previously served as Chief Financial Officer. Prior to Tribune Publishing,
Agreement Provides for Immediate Appointment of Three Directors from Donerail's Slate and, if Needed, Future Appointments of a Donerail Designee and Another Mutually Agreed Upon Director Based on the Outcome of Comprehensive Alternatives Process Strategic Committee – Which Will Include Two Incumbent Directors, Two New Directors from Donerail's Slate, and Donerail Managing Partner William Wyatt as Observer – Will Oversee Process and Engagement with Potential Buyers, Including Those who Proactively Reached Out in Recent Weeks Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company") today announced it has reached an agreement with The Donerail G
Highlights Strong Performance, Significant Opportunities for Continued Growth and Board's Commitment to Maximizing Stockholder Value Urges Stockholders to Vote "FOR" All Six of Turtle Beach's Director Nominees on the BLUE Proxy Card Underscores the Donerail Group's Self-Serving Agenda to Gain Effective Control of Turtle Beach's Board Without Any Strategic Proposals, Relevant Skills, or Value Proposition to Stockholders Launches www.VoteTurtleBeach.com, Providing Additional Information for Stockholders Including Turtle Beach's History of Constructive Engagement with Donerail Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company") today anno
Company Delivered 10% EBITDA Margin in a Challenging Year and Remains On Track to Deliver Approximately $100 Million in Non-Console-Headset Revenues in 2022 Consistent Strong Performance Has Enabled Company to Deliver Five Year Total Shareholder Returns of Over 350% Responds to Donerail Group's Attempt to Take Control of Turtle Beach's Board Without Any Value Proposition to Shareholders Releases Letter Previously Sent to Donerail Outlining Company's Good-Faith Attempt to Reach Constructive Resolution to Avoid Costly and Distracting Proxy Contest Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR) (the "Company") today confirmed that the Donerail Group ("Donerail"), tog
WHITE PLAINS, N.Y., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessories provider, today announced that it will update its ticker symbol to "TBCH" effective January 7, 2025. This change reflects Turtle Beach's evolution and ongoing growth as a dominant force in the broader gaming accessories market. "Our new ‘TBCH' ticker symbol represents more than just adaptation of our market identity," said Cris Keirn, CEO, Turtle Beach Corporation. "It signifies our growth, innovation, and strong strategic execution as a leader across multiple gaming accessory categories, including the successful integration of PDP. As we continue to expand our portfo
– Third Quarter Net Revenue of $94.4 million, up 60% Year-over-Year –– Net Income was $3.4 million compared to a Net Loss of ($3.6) in prior year –– Adjusted EBITDA was $16.3 million compared to $1.0 in prior year –– Raising Full Year 2024 EBITDA Guidance Again on Continued Execution Strength –– Repurchased $10.1 Million of Common Shares in the Third Quarter – WHITE PLAINS, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessories brand, today reported financial results for the third quarter ended September 30, 2024. Third Quarter Highlights Net revenue was $94.4 million, an increase of 60% compared to the prior year period.Net in
WHITE PLAINS, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR) a leading gaming headset and accessories brand, today announced it will report financial results for the third quarter 2024 on Thursday, November 7, 2024 after the close of trading on the Nasdaq Stock Market. The Company will also host a conference call and audio webcast at 5:00p.m. ET / 2:00p.m. PT that same day to review the results. The call will be hosted by Cris Keirn, Chief Executive Officer, and John Hanson, Chief Financial Officer. Conference Call InformationThe live webcast of the call will be available on the "Events & Presentations" page of the Company's website at www.turtlebe
Canadian Gamers Can Now Find the LatestTurtle Beach Gaming Accessories at Best Buy Canada Turtle Beach Launches a Variety of New Gaming Accessories in Mexico & Colombia & Expands into Chile WHITE PLAINS, N.Y., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Leading gaming accessories maker Turtle Beach Corporation (NASDAQ:HEAR) is bringing its best-selling and award-winning gaming accessories to more gamers in key international markets, including Canada and Latin America. In Canada, Turtle Beach's latest Stealth™ 700, Stealth 600, and Stealth 500 wireless multiplatform headsets, Atlas Air™ wireless PC headset, Vulcan II TKL Pro PC gaming keyboard, and Burst™ II Air PC gaming mouse are now avail
WHITE PLAINS, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming headset and accessories brand, today announced that Chief Financial Officer and Treasurer John Hanson, has informed the Company of his intent to retire after an over 45-year career in leadership, operational, and strategic finance roles. The Company has retained Korn Ferry, an executive recruiting firm, to assist in the search for his successor, and the search will include both external and internal candidates. Mr. Hanson is expected to remain in his current role until a successor is appointed and to remain with Turtle Beach in an advisory capacity following the successor appointm
– Second Quarter Net Revenue of $76.5 million, up 59% Year-over-Year –– Raising Full Year 2024 Guidance on Continued Execution Strength –– Repurchased $15 Million of Common Shares in the Second Quarter –– Highlight Intention to Continue Share Repurchases at Attractive Price Levels – WHITE PLAINS, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming headset and accessories brand, today reported financial results for the second quarter ended June 30, 2024. Second Quarter Highlights Net revenue was $76.5 million, an increase of 59% compared to the prior year period.Net loss was $(7.5) million or ($0.35) per share compared to a net loss of ($15.9)
WHITE PLAINS, N.Y., July 25, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR) a leading gaming headset and accessories brand, today announced it will report financial results for the second quarter 2024 on Thursday, August 8, 2024 after the close of trading on the Nasdaq Stock Market. In conjunction with reporting second quarter 2024 results, Turtle Beach will also host a conference call and audio webcast at 5:00p.m. ET / 2:00p.m. PT that same day to review the results. On the call, Cris Keirn, Chief Executive Officer, and John Hanson, Chief Financial Officer, will discuss the second quarter results and provide commentary on business performance. A question-and-answer sessi
WHITE PLAINS, N.Y., July 25, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming headset and accessories brand, today announced the appointment of Libby Bush, Global Head of Media & Entertainment Partnerships at leading entertainment and sports agency, Creative Artists Agency (CAA), to its board of directors (the "Board") as an independent director, effective immediately. Following her election to the Board, Ms. Bush has been added as a member of its Compensation Committee. With Ms. Bush's appointment, the Board now includes a total of nine directors. In addition, William Wyatt, who has served as an independent board member since 2023, has been named Chair of
NEWPORT BEACH, Calif., July 16, 2024 (GLOBE NEWSWIRE) -- Gateway Group ("Gateway"), a leading financial communications and digital media advisory firm, today announced the initial sponsor list and latest presenting companies for its annual Gateway Conference taking place at the Four Seasons Hotel in San Francisco on September 4th and 5th. Conference SponsorshipThe Gateway Conference is sponsored by leading firms servicing the financial community. The event provides a rich environment for business development and an effective marketing platform to reach key corporate decision makers. Sponsorships are currently available in the Gold, Silver, and Bronze levels. For additional inform
New The King of Fighters Fight Sticks are Available Now for PS5 & PS4, & Windows PC The New TEKKEN 8 Fight Sticks Launch in August 2024 Leading gaming accessories maker Turtle Beach Corporation (NASDAQ:HEAR), and Performance Designed Products LLC (PDP) today announced two highly-anticipated additions to its award-winning Victrix Pro FS Arcade Fight Stick line. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240528360982/en/(Graphic: Business Wire) Victrix has been a staple in the Fighting Game Community (FGC) since 2017, working with pro gamers to design and build their cutting-edge esports gear. Using their input, the Victr