Analysts Set Corsair Gaming, Inc. (NASDAQ:CRSR) Target Price at $9.14

Corsair Gaming, Inc. (NASDAQ:CRSR) has received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $9.14.

A number of equities research analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and issued a $11.00 price target on shares of Corsair Gaming in a report on Tuesday, November 5th. Macquarie decreased their price objective on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, November 8th. The Goldman Sachs Group dropped their target price on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Barclays decreased their price target on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Finally, TD Cowen lowered their price objective on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, November 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Corsair Gaming by 995.8% in the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock worth $33,000 after purchasing an additional 4,312 shares during the period. FMR LLC raised its position in shares of Corsair Gaming by 89.0% during the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after buying an additional 2,291 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Corsair Gaming in the 3rd quarter worth approximately $77,000. Glenmede Trust Co. NA acquired a new stake in shares of Corsair Gaming in the 3rd quarter worth approximately $97,000. Finally, SG Americas Securities LLC bought a new position in shares of Corsair Gaming in the third quarter valued at approximately $101,000. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Stock Down 2.1 %

Shares of Corsair Gaming stock opened at $9.15 on Tuesday. The business has a 50-day moving average price of $7.41 and a 200 day moving average price of $7.18. Corsair Gaming has a fifty-two week low of $5.59 and a fifty-two week high of $14.13. The firm has a market cap of $958.01 million, a P/E ratio of -10.17 and a beta of 1.63. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28.

About Corsair Gaming

Corsair Gaming, Inc, together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.