Turtle Beach (HEAR) Receives a Buy from Maxim Group

In a report released yesterday, Nehal Chokshi from Maxim Group reiterated a Buy rating on Turtle Beach (HEARResearch Report), with a price target of $22.00. The company’s shares closed last Monday at $8.66, close to its 52-week low of $8.25.

According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 5.9% and a 53.2% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Turtle Beach with a $17.25 average price target, implying an 88.5% upside from current levels. In a report issued on November 1, Wedbush also maintained a Buy rating on the stock with a $15.00 price target.

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The company has a one-year high of $19.00 and a one-year low of $8.25. Currently, Turtle Beach has an average volume of 574.1K.

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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.