Insider Buying Update for Tuesday, August 19: ACDC and TBCH
Farris Wilks Investment: Farris Wilks purchased 2,500,000 shares of ACDC at $4.00 each, totaling a $10 million investment; ProFrac Holding's stock rose about 2.9% on Tuesday.
Previous Purchase by Wilks: Prior to this recent acquisition, Wilks bought 2.35 million shares for $6.93 each over the past year.
William Z. Wyatt's Purchase: William Z. Wyatt invested $10 million in Turtle Beach, acquiring 693,962 shares at $14.41 each, with the stock up approximately 2% on Tuesday.
Current Performance: Wyatt's investment is currently performing well, showing a gain of about 19% based on Turtle Beach's trading high of $17.15.
Get Free Real-Time Notifications for Any Stock
Analyst Views on TBCH
About TBCH
About the author

Roth Capital Reaffirms Buy Rating for Turtle Beach, Adjusts Price Target to $20
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders, helping them stay informed and make timely decisions in the stock market.
Exclusive Content: The platform provides exclusive stories and insights generated by Benzinga reporters, enhancing the trading experience for its users.
Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, indicating a robust network for sharing market intelligence.
Market Success: Traders utilize Benzinga Pro's resources to gain a competitive edge and improve their chances of winning in the markets daily.

Turtle Beach (TBCH) Falls Short of Q3 Earnings and Revenue Projections
Earnings Performance: Turtle Beach (TBCH) reported quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.15, and showing a decline from $0.16 per share a year ago. The company has surpassed consensus EPS estimates twice in the last four quarters.
Revenue Results: The company posted revenues of $80.46 million for the quarter, slightly missing the Zacks Consensus Estimate and down from $94.36 million year-over-year. Turtle Beach has only topped revenue estimates once in the last four quarters.
Stock Outlook: Turtle Beach shares have decreased by 8.3% since the start of the year, contrasting with the S&P 500's 15.6% gain. The stock currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.
Industry Context: The Computer - Peripheral Equipment industry ranks in the top 11% of Zacks industries, suggesting a favorable outlook. Investors are advised to monitor earnings estimate revisions, which can significantly influence stock performance.









