Investors have plenty of strategies at their disposal to maximize portfolio gains, but one of the most telling approaches is keeping a close eye on insider activity.
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By insiders, we’re talking about the people at the very top – corporate officers, senior executives, and board members – the ones steering the ship and tasked with delivering profits for shareholders. These decision-makers know their companies inside out, with access to information long before it filters down to the public. So, when they start putting serious money into their own stock, it usually signals that they’re confident the market is undervaluing their company.
The good news for investors is that these trades don’t stay hidden. Regulatory filings make insider buying visible, and TipRanks’ Insiders’ Insiders’ Hot Stocks pulls it all together in one place.
We’ve opened up that valuable tool and used it to lock on to two stocks that the insiders have been buying up in big lots – multi-million-dollar lots. And added to the insiders’ confidence, Wall Street’s analysts have also chimed in with Buy ratings and solid upside projections. So let’s give them a closer look and find out just why these shares deserve attention.
Turtle Beach (TBCH)
We’ll start with a leading provider of gaming accessories. Turtle Beach made its name designing and distributing high-end gaming headsets, and today the company offers a comprehensive line of products, including keyboards, game controllers, and specialty controllers, as well as audio equipment – and still puts quality headsets out there. The company offers gaming accessories for PCs, as well as the Xbox, PlayStation, and Nintendo gaming platforms. The company boasts that it is a leader in the console gaming industry, and a fan favorite when it comes to accessories.
Turtle Beach has a reputation to uphold, and does so by continually releasing updated and improved gear. Two recent examples from this month will suffice to demonstrate. On August 8, the company released a new officially licensed gaming headset for the Nintendo Switch 2, and on August 13 the company announced the release of the Atlas 200, Turtle Beach’s first officially licensed gaming headset for PlayStation. Officially licensed products are an important part of Turtle Beach’s line-up and marketing; the company recognizes, and capitalizes on, gamers’ propensity for brand loyalty.
The gaming accessory business may be a niche, but it still adds up to billions of dollars annually. Turtle Beach has managed to cut out a modest piece of that pie. The company generated over $372 million in total revenue last year, up from $258 million in 2023. Turtle Beach’s most recent set of quarterly results, for 2Q25, showed revenues of $56.8 million. This was down 25% year-over-year, but it beat the forecast by $460,000. At the bottom line, the company saw a quarterly loss of 14 cents per share in GAAP measures – but we should note that the loss beat the forecast by 19 cents per share.
In an interesting note, on August 15 Turtle Beach announced a share repurchase totaling $20 million from an existing institutional shareholder, Diversis Capital. The company repurchased approximately half of that stock, 694,926, directly. The remainder, some 693,962 shares valued at approximately $10 million, was purchased by the Donerail investment management firm – which is led by managing partner Will Wyatt, who also serves on Turtle Beach’s Board of Directors. Through this transaction, Wyatt added those 693,962 shares to his existing stake in Turtle Beach; he now holds more than $12.5 million worth of stock in the company.
In his coverage of TBCH for Roth, analyst Sean McGowan explains the background to the stock repurchase, and how it bodes well for the company. He writes, “As Turtle Beach improved its operations through cost reductions, product diversification, and management realignments, we have been expecting significant share repurchases to be announced. Last week, TBCH reached an agreement with Diversis Capital (“DC”), former owners of PDP (a gaming controller maker acquired by TBCH in early 2024) to repurchase $10M of DC’s stake in TBCH. In addition, Donerail Group, an investment firm controlled by one of TBCH’s board members, also acquired $10M of TBCH stock from DC. We view these moves as significant votes of confidence by TBCH’s board and by Donerail.”
The analyst goes on to put a Buy rating on the shares, and sets his price target at $22 to suggest a one-year gain of 42.5%. (To watch McGowan’s track record, click here)
The 5 recent analyst reviews on TBCH include 4 Buys and 1 Hold for a Strong Buy consensus rating. The stock is priced at $15.44 and its $18.3 average price target implies a gain of 18.5% over the next 12 months. (See TBCH stock forecast)
Warner Bros. Discovery (WBD)
The second stock on our list here is one of the entertainment industry’s storied names, Warner Brothers. In its current form, as Warner Bros. Discovery, the company was formed in 2022, when AT&T divested its interest in Time Warner, which then merged with Discovery, Inc. Today, Warner Bros. Discovery is a $29 billion leader in the entertainment business, with ownership of the Warner Brothers archive of famous movie titles. The company is a major producer of original content for television, film, and streaming releases, and has access to a worldwide audience. Warner Bros. Discovery’s brand portfolio is extensive, and includes such well-known names as Discovery Channel, HBO Max, HBO, HGTV, and the Food Network.
The company hit a jackpot this summer, when it registered a first for any film production studio: it had 5 movies in a row see their domestic opening weekends take in more than $45 million. The studio’s A Minecraft Movie scored the largest take in its domestic opening, at $162.7 million, but the next three films all hit respectable totals: Sinners brought in $48 million, Final Destination Bloodlines took in $51.6 million, and F1 The Movie brought in $57 million. The fifth film, Superman, had the second-largest opening weekend of the bunch, at $125 million.
Turning to the financial results, in 2Q25, the company’s quarterly revenue total, at $9.8 billion, was up a modest 1% year-over-year and missed the forecast by $21 million – but at the bottom line, the company’s earnings were more impressive. The non-GAAP EPS of 63 cents was a strong turnaround from the $4.07 per-share loss reported in 2Q24, and it beat the forecast by 43 cents per share. The company’s streaming segment showed solid results, with a quarter-over-quarter gain of 3.4 million subscribers.
Looking at the insider action here, we find that Board member Anton Levy purchased 325,000 shares of WBD in two blocks on August 11 and 12. These shares are currently valued at more than $3.83 million.
KeyBanc analyst Brandon Nispel has an upbeat take on WBD, writing following the earnings readout, “2Q results were solid, with Studios, Global Networks, and DTC all beating consensus adj. EBITDA, and consolidated adj. EBITDA grew 9%. Looking forward, Studios adj. EBITDA is expected to be >$2.4B, which suggests modest risk to consensus but likely is conservative. In addition, DTC adj. EBITDA is still expected to be >$1.3B, where the wholesale relationship renegotiation isn’t much of a concern, in our view. We still see: 1) Studios adj. EBITDA improving toward ~$3.0B over time; 2) DTC ramping toward 150M+ subs and $2.0B in EBITDA in 2026; and 3) Global networks profitability improving with the loss of the NBA. We also still see the Spin of S&S from Global Network as accretive, where with WBD trading at ~6.3x our 2026 estimates, we believe there is still value.”
Nispel rated the stock as Overweight (i.e., Buy), and he backed that with a $16 price target that indicated room for a one-year upside of 35.5%. (To watch Nispel’s track record, click here)
This company gets a Moderate Buy consensus rating from the Street’s analysts, based on 16 recent reviews that split 10 to 6 in favor of Buy over Hold. The stock is currently trading for $11.80 and its $13.92 average target price implies an 18% gain heading out to the one-year horizon. (See WBD stock forecast)
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Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.