Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $10.14 Consensus Price Target from Analysts

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $10.14.

CRSR has been the subject of several recent analyst reports. The Goldman Sachs Group cut their target price on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Robert W. Baird upped their price objective on Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Barclays raised their price objective on Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. TD Cowen lowered their target price on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Finally, Macquarie reduced their price target on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th.

Corsair Gaming Stock Down 5.7 %

Shares of NASDAQ CRSR opened at $11.82 on Friday. The stock has a market capitalization of $1.24 billion, a P/E ratio of -12.44 and a beta of 1.68. The stock’s fifty day moving average is $8.61 and its 200 day moving average is $7.42. Corsair Gaming has a 52 week low of $5.59 and a 52 week high of $13.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.57.

Corsair Gaming (NASDAQ:CRSR) last released its earnings results on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. Sell-side analysts forecast that Corsair Gaming will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Corsair Gaming

A number of hedge funds have recently made changes to their positions in the company. Barclays PLC increased its stake in shares of Corsair Gaming by 257.3% in the third quarter. Barclays PLC now owns 78,933 shares of the company’s stock valued at $549,000 after buying an additional 56,841 shares during the period. Main Management ETF Advisors LLC bought a new stake in Corsair Gaming during the 3rd quarter worth approximately $735,000. Jacobs Levy Equity Management Inc. acquired a new position in Corsair Gaming in the 3rd quarter valued at approximately $1,094,000. Stifel Financial Corp raised its stake in shares of Corsair Gaming by 39.6% during the third quarter. Stifel Financial Corp now owns 214,564 shares of the company’s stock valued at $1,493,000 after acquiring an additional 60,811 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its stake in shares of Corsair Gaming by 133.0% during the fourth quarter. Vontobel Holding Ltd. now owns 70,109 shares of the company’s stock valued at $463,000 after acquiring an additional 40,015 shares during the last quarter. 25.66% of the stock is owned by institutional investors and hedge funds.

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.