Corsair Gaming (NASDAQ:CRSR) Shares Gap Down to $11.32

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) gapped down before the market opened on Monday . The stock had previously closed at $11.32, but opened at $11.06. Corsair Gaming shares last traded at $11.04, with a volume of 11,689 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated an “outperform” rating and issued a $18.00 target price on shares of Corsair Gaming in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.83.

Corsair Gaming Trading Down 1.5 %

The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.07 billion, a P/E ratio of -129.00 and a beta of 1.59. The firm’s 50-day simple moving average is $11.23 and its 200 day simple moving average is $12.31.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). Corsair Gaming had a negative net margin of 0.58% and a positive return on equity of 4.70%. The firm had revenue of $337.26 million during the quarter, compared to analysts’ expectations of $364.15 million. As a group, analysts expect that Corsair Gaming, Inc. will post 0.44 earnings per share for the current year.

Institutional Investors Weigh In On Corsair Gaming

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings in Corsair Gaming by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 329,257 shares of the company’s stock worth $4,784,000 after buying an additional 23,165 shares during the period. Rhumbline Advisers boosted its holdings in shares of Corsair Gaming by 1.6% in the third quarter. Rhumbline Advisers now owns 117,404 shares of the company’s stock worth $1,706,000 after acquiring an additional 1,871 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Corsair Gaming in the third quarter valued at $840,000. Vanguard Group Inc. raised its stake in shares of Corsair Gaming by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,429,071 shares of the company’s stock valued at $78,884,000 after purchasing an additional 149,947 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Corsair Gaming during the 4th quarter worth about $177,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

Corsair Gaming Company Profile

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.