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Turtle Beach (HEAR) Receives a Buy from Stifel Nicolaus

In a report released yesterday, Drew Crum from Stifel Nicolaus maintained a Buy rating on Turtle Beach (HEARResearch Report), with a price target of $12.00. The company’s shares closed yesterday at $9.83.

According to TipRanks, Crum is a 5-star analyst with an average return of 17.8% and a 62.03% success rate. Crum covers the Technology sector, focusing on stocks such as Playtika Holding, Take-Two, and Roblox.

In addition to Stifel Nicolaus, Turtle Beach also received a Buy from Maxim Group’s Jack Vander Aarde in a report issued on August 10. However, on August 9, D.A. Davidson downgraded Turtle Beach (NASDAQ: HEAR) to a Hold.

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The company has a one-year high of $32.15 and a one-year low of $9.15. Currently, Turtle Beach has an average volume of 468.5K.

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Turtle Beach Corp. engages in the development, commercialization, and marketing of audio peripherals. It operates through the Headset and HyperSound business segments. The Headset segment offers gaming headset solutions for video game and entertainment consoles, personal computers, and mobile and tablet devices. The HyperSound segment refers to a patent-protected sound technology that delivers immersive, directional audio with applications in digital signage and kiosks, consumer electronics, and hearing healthcare. The company was founded by Elwood G. Norris and James A. Barnes in 1975 and is headquartered in San Diego, CA.

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