ROCCAT signs new partnership with Gen.G Esports » 08:3304/1304/13/21
ROCCAT, the PC brand from…
ROCCAT, the PC brand from gaming accessory maker Turtle Beach, announced a new partnership with Gen.G Esports, a global esports. The new partnership sets ROCCAT as the official PC gaming accessories partner for keyboards, mice, and other PC peripherals of Gen.G's Overwatch, League of Legends, and PUBG teams as well as their affiliated streamers.
|Over a week ago|
Fly Intel: After-Hours Movers » 19:4104/0104/01/21
CEMI, DMYD, HEAR, CTO, FTFT, FC, MRAM, CIO, UFAB, SNOA
Check out this evening's…
Turtle Beach expands share repurchase program » 16:1904/0104/01/21
Turtle Beach announced…
Turtle Beach announced its Board of Directors has approved an extension and expansion of its share repurchase program. Under the revised program, the company is authorized to purchase up to $25M of its common shares at its discretion from time to time in the open market, or in block purchase transactions over the next two years. This is an expansion of the $15M authorization that was approved in April of 2019.
Turtle Beach signs HyperSound commercialization agreement with Audfly Technology » 08:3303/2403/24/21
Turtle Beach has…
Turtle Beach has partnered with Chinese audio firm Audfly Technology to commercialize the company's HyperSound directed audio technology. Audfly will incorporate and further commercialize the innovative HyperSound IP, including HyperSound Glass, into new products for commercial, retail, business, and consumer applications. HyperSound technology is an approach to sound delivery that generates a highly directional, narrow beam of audio utilizing an ultrasound carrier and patented technology. HyperSound directs a beam of audio to targeted listeners in a specific spot, delivering an immersive, 3D-like audio experience. HyperSound has also been proven to enable significant improvements in listening clarity for users with hearing loss. The partnership is structured as a strategic cooperation for both companies where Audfly is able to utilize the HyperSound IP, including the brand, market info, and distribution channels and further develop the technology. In return, Turtle Beach will receive revenue sharing for all HyperSound-based products. Once certain objectives at met, Audfly will have the option to fully acquire the HyperSound IP from Turtle Beach.
|Over a month ago|
Turtle Beach reports Q4 adjusted EPS 84c, consensus 78c » 08:1403/0503/05/21
Last night reported Q4…
Last night reported Q4 revenue $132.9M, consensus $131.38M. "As indicated in our recent pre-announcement, our 2020 sales and adjusted EBITDA were the highest in our company's history," said CEO Juergen Stark. "A great portfolio of products and our leading brand combined with excellent operational execution enabled us to outpace the rest of the console headset market as that market experienced significant growth from both existing and new gamers last year. That plus more than doubling our ROCCAT PC accessories business both through expansion of the portfolio and further development of that brand enabled us to deliver record results. While the gaming accessories market may slow a bit in 2021 because of how strong growth was in 2020, we expect that our continued growth in PC accessories, as well as entry into new categories will allow us to grow revenues to record levels in 2021. And we plan to continue to invest in product and brand development throughout 2021 to position ourselves for continued growth and further expand our leadership position in gaming accessories."
Turtle Beach sees Q1 adjusted EPS 45c, consensus 1c » 16:1103/0403/04/21
Sees Q1 revenue $88M,…
Sees Q1 revenue $88M, consensus $54.6M. Sees Q1 adjusted EBITDA $14M.
Turtle Beach sees FY21 adjusted EPS $1.35, consensus $1.41 » 16:1003/0403/04/21
Sees FY21 revenue $370M,…
Sees FY21 revenue $370M, consensus $365.15M. Sees 2021 adjusted EBITDA $45M
Turtle Beach price target raised to $42 from $28 at Maxim » 08:0802/1202/12/21
Maxim analyst Jack Vander…
Maxim analyst Jack Vander Aarde raised the firm's price target on Turtle Beach to $42 from $28 and keeps a Buy rating on the shares. The company's recent business update highlights its multiple positive developments, the analyst tells investors in a research note. Vander Aarde adds that according to NPD Group, 8 of the top 10 best-selling 2020 console headset models were Turtle Beach-branded.
Turtle Beach price target raised to $38 from $23.50 at Stifel » 14:3202/1102/11/21
Stifel analyst Drew Crum…
Stifel analyst Drew Crum raised the firm's price target on Turtle Beach to $38 from $23.50 and keeps a Buy rating on the shares. Crum said he updated his model and increased estimates following the company's Q4 sales update. The analyst noted that his fundamental thesis is unchanged, though he's now using a "slightly more aggressive" multiple for valuation in order to arrive at his new target price.
Turtle Beach price target raised to $38 from $31 at DA Davidson » 09:2802/1102/11/21
DA Davidson analyst Tom…
DA Davidson analyst Tom Forte raised the firm's price target on Turtle Beach (HEAR) to $38 from $31 and keeps a Buy rating on the shares. The analyst is citing the company's positive pre-announcement yesterday, which suggests that it will report its 6th consecutive quarter of sales and adjusted EBITDA topping expectations. Forte further notes the discussion by Corsair Gaming (CRSR) management yesterday which indicated that its conversation with retailers suggest that sales are being driven by new gamers rather than repeat ones.