Turtle Beach: bright future ahead

9:04 am ET, 10 May 2018

Turtle Beach (HEAR) stock soared almost 60 percent in Thursday morning trading because of the company's outstanding first quarter results.  The stock is now trading at over $11, and it was valued only $0.60 a month ago.  What is the HEAR stock forecast / prediction?  

The maker of audio and gaming accessories reported a revenue of $40.9 million for the past quarter and increased its revenue forecast from $157 million to $205 million for the full year.  This is a prime example of "beat and raise".  

We're upbeat about Turtle Beach.  The portfolio seems to be unparalleled and we see recent performance results as the beginning of a new trend.  Here are some facts:    

  • The company's total revenue is larger than the revenue of the next four companies combined.  
  • It has a number one chat headset for PlayStation 4, and also number one headset for XBox. 
  • Turtle Beach also has number one console headset for both XBox and PlayStation 4.
  • Seven out of 10 besting selling console headsets are made by Purple Beach. 

In addition, the company streamlined its expenditures, delivering increasing profitability / EBITDA and lowering cost-to-debt ratio.  

Over the last year, HEAR returned +662.64%. This return is higher than Communication Equipment sector (41.22%), Technology industry (29.38%), and S&P 500 (12.44%) returns.

The analyst rating for HEAR is a Strong Buy.  The only question we have is, when should you buy this stock?    

Turtle Beach Corporation (HEAR) Stock Guide

Updated at: 11:46 pm ET, 17 Sep 2020

Before we start: if you're looking for HEAR stock price, you can quickly find it out by visiting Finny and typing "HEAR quote". If you're looking for a quick scoop on HEAR stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "HEAR". You'll get all this info in one place. Or you can just type "HEAR news" to get the latest stock news.

Looking to buy or sell Turtle Beach Corporation (HEAR)? Interested in getting the full scoop on HEAR, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this HEAR stock guide, we'll address key questions about HEAR, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are HEAR earnings?
2. What is HEAR stock forecast (i.e., prediction)?
3. HEAR buy or sell? What is HEAR Finny Score?
4. What are the reasons to buy HEAR? Why should I buy HEAR stock?
5. What are the reasons to sell HEAR? Why should I sell HEAR stock?
6. What are HEAR key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are HEAR earnings?

HEAR trailing 12-month earnings per share (EPS) is $1.41.

Analyst Predictions

2. What is HEAR stock forecast (i.e., prediction)?

Based on HEAR analyst price targets, HEAR stock forecast is $23.40 (for a year from now). That means the average analyst price target for HEAR stock is $23.40. The prediction is based on 3 analyst estimates.

The low price target for HEAR is $21.00, while the high price target is $26.00.

HEAR analyst rating is Strong Buy.

Analysis

3. HEAR buy or sell? What is HEAR Finny Score?

#{finnyScore:78}Our quantitative analysis shows 7 reasons to buy and 2 reasons to sell HEAR, resulting in Finny Score of 78.

4. What are the reasons to buy HEAR? Why should I buy HEAR stock?

Here are the reasons to buy HEAR stock:

  • HEAR quarterly revenue growth was 92.80%, higher than the industry and sector average revenue growth (0.91% and 0.89%, respectively). See HEAR revenue growth chart.
  • HEAR profitability is improving. The YoY profit margin change was 47.93 percentage points. See HEAR profitability chart.
  • HEAR PEG ratio (P/E adjusted for growth) is 1.33, which is low compared to its industry peers’ PEG ratios. See HEAR PEG chart.
  • HEAR average analyst rating is Strong Buy. See HEAR analyst rating chart.
  • HEAR average analyst price target ($23.40) is above its current price ($17.58). See HEAR price target chart.
  • HEAR cash to debt ratio is 14.37, higher than the average industry (0.18) and sector (0.17) cash to debt ratio. See HEAR cash to debt chart.
  • HEAR Enterprise Value/Revenue multiple is 1.01, which is low compared to its industry peers’ Enterprise Value/Revenue multiples. See HEAR Enterprise Value/Revenue chart.

5. What are the reasons to sell HEAR? Why should I sell HEAR stock?

Let's look at the reasons to sell HEAR stock (i.e., the bear case):

  • HEAR short share of float is 16.57%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock. See HEAR short share of float chart.
  • HEAR short interest (days to cover the shorts) ratio is 2.97. The stock garners more short interest than the average industry, sector or S&P 500 stock. See HEAR short interest ratio chart.

Key Stats

6. What are HEAR key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for HEAR:

Metrics HEAR
Price $16.82
Average Price Target / Upside $23.40 / 39.08%
Average Analyst Rating Strong Buy
Forward Dividend Yield 0.00%
Industry Communication Equipment
Sector Technology
Number of Employees 135
Market Cap $299.92M
Forward P/E Ratio 20.15
Price/Book Ratio 1.14
Revenue (TTM) $263.17M
YoY Quarterly Revenue Growth 92.80%
Profit Margin 8.33%

If you liked this analysis, check out Stock Guides for other stocks.

Follow Us