Robert W. Baird Issues Positive Forecast for Corsair Gaming (NASDAQ:CRSR) Stock Price

Corsair Gaming (NASDAQ:CRSR) had its price objective boosted by Robert W. Baird from $8.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other equities research analysts also recently commented on CRSR. Wedbush reissued an “outperform” rating and issued a $12.00 price objective (up previously from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th. Barclays cut their price target on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. 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 research 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. Finally, TD Cowen reduced their price target on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.14.

Corsair Gaming Trading Up 25.9 %

Shares of NASDAQ:CRSR opened at $12.51 on Thursday. The company’s 50-day moving average price is $7.95 and its two-hundred day moving average price is $7.18. Corsair Gaming has a one year low of $5.59 and a one year high of $14.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77. The stock has a market capitalization of $1.31 billion, a PE ratio of -13.90 and a beta of 1.68.

Corsair Gaming (NASDAQ:CRSR) last released its earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Corsair Gaming had a negative return on equity of 4.58% and a negative net margin of 7.14%. On average, equities analysts forecast that Corsair Gaming will post -0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Corsair Gaming

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in Corsair Gaming by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock valued at $44,000 after buying an additional 1,971 shares during the last quarter. FMR LLC boosted its holdings in shares of Corsair Gaming by 89.0% during the third quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after acquiring an additional 2,291 shares during the period. Quadrant Capital Group LLC grew its position in shares of Corsair Gaming by 45.8% in the fourth quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company’s stock valued at $53,000 after purchasing an additional 2,538 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Corsair Gaming by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company’s stock worth $274,000 after purchasing an additional 2,756 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Corsair Gaming by 220.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock worth $33,000 after purchasing an additional 3,414 shares during the period. 25.66% of the stock is owned by institutional investors.

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.