Brokerages Set Corsair Gaming, Inc. (NASDAQ:CRSR) Price Target at $10.14

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation 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.

A number of research analysts have recently commented on CRSR shares. Robert W. Baird increased their price objective on Corsair Gaming from $8.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. TD Cowen dropped their price objective on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. Barclays increased their price objective on Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. The Goldman Sachs Group dropped their price objective on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Wedbush reiterated 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.

Institutional Trading of Corsair Gaming

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Corsair Gaming by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company’s stock worth $38,426,000 after acquiring an additional 148,674 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Corsair Gaming by 85.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock worth $28,104,000 after acquiring an additional 1,857,532 shares during the period. State Street Corp lifted its position in Corsair Gaming by 0.8% during the 3rd quarter. State Street Corp now owns 1,631,501 shares of the company’s stock worth $11,355,000 after acquiring an additional 12,373 shares during the period. Geode Capital Management LLC lifted its position in Corsair Gaming by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,069,122 shares of the company’s stock worth $7,069,000 after acquiring an additional 9,344 shares during the period. Finally, New York State Common Retirement Fund lifted its position in Corsair Gaming by 40.4% during the 4th quarter. New York State Common Retirement Fund now owns 738,922 shares of the company’s stock worth $4,884,000 after acquiring an additional 212,792 shares during the period. 25.66% of the stock is owned by institutional investors and hedge funds.

Corsair Gaming Price Performance

CRSR stock opened at $12.51 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 0.92. The firm has a market capitalization of $1.31 billion, a P/E ratio of -13.17 and a beta of 1.68. The business’s 50-day moving average is $8.42 and its two-hundred day moving average is $7.34. Corsair Gaming has a 1 year low of $5.59 and a 1 year high of $13.54.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. Analysts anticipate that Corsair Gaming will post 0.31 earnings per share for the current fiscal year.

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.