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

Corsair Gaming, Inc. (NASDAQ:CRSR) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $10.14.

A number of analysts recently issued reports on CRSR shares. Wedbush reaffirmed an “outperform” rating and issued a $12.00 target price (up previously from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th. Barclays boosted their price target on Corsair Gaming from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Robert W. Baird boosted their target price on shares of Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th.

Corsair Gaming Price Performance

NASDAQ CRSR opened at $10.02 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. Corsair Gaming has a 12-month low of $5.60 and a 12-month high of $13.02. The company has a market capitalization of $1.05 billion, a PE ratio of -10.55 and a beta of 1.60. The firm’s 50 day moving average is $10.05 and its 200-day moving average is $7.96.

Corsair Gaming (NASDAQ:CRSR) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share (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%. Equities research analysts anticipate that Corsair Gaming will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. FMR LLC lifted its holdings in Corsair Gaming by 89.0% during the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock valued at $34,000 after purchasing an additional 2,291 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Corsair Gaming by 220.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock valued at $33,000 after purchasing an additional 3,414 shares during the last quarter. BNP Paribas acquired a new stake in shares of Corsair Gaming during the 4th quarter worth about $33,000. Quarry LP acquired a new stake in shares of Corsair Gaming during the 4th quarter worth about $34,000. Finally, GAMMA Investing LLC lifted its stake in shares of Corsair Gaming by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock worth $44,000 after buying an additional 1,971 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.