Wedbush Has Bearish Estimate for Corsair Gaming Q4 Earnings

Corsair Gaming, Inc. (NASDAQ:CRSR) – Stock analysts at Wedbush lowered their Q4 2024 earnings estimates for Corsair Gaming in a research report issued on Thursday, November 7th. Wedbush analyst M. Pachter now forecasts that the company will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.12. Wedbush has a “Outperform” rating and a $11.00 price objective on the stock. The consensus estimate for Corsair Gaming’s current full-year earnings is $0.07 per share.

CRSR has been the subject of a number of other reports. TD Cowen dropped their price target on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Stifel Nicolaus decreased their target price on Corsair Gaming from $16.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Barclays reduced their price target on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Robert W. Baird lowered their target price on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Finally, Macquarie decreased their price objective on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Friday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.14.

Corsair Gaming Stock Up 7.8 %

Shares of Corsair Gaming stock opened at $7.05 on Monday. Corsair Gaming has a 1-year low of $5.59 and a 1-year high of $15.07. The company has a market capitalization of $738.14 million, a P/E ratio of -7.83 and a beta of 1.59. The business’s fifty day moving average price is $6.59 and its two-hundred day moving average price is $8.57. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.97.

Institutional Trading of Corsair Gaming

Several hedge funds and other institutional investors have recently bought and sold shares of CRSR. Vanguard Group Inc. raised its position in Corsair Gaming by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 5,485,063 shares of the company’s stock valued at $67,686,000 after purchasing an additional 64,373 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Corsair Gaming by 7.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,180,426 shares of the company’s stock valued at $24,072,000 after purchasing an additional 153,036 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Corsair Gaming by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 1,252,737 shares of the company’s stock valued at $13,830,000 after buying an additional 41,832 shares during the period. Renaissance Technologies LLC raised its stake in Corsair Gaming by 12.2% in the second quarter. Renaissance Technologies LLC now owns 418,033 shares of the company’s stock worth $4,615,000 after buying an additional 45,400 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Corsair Gaming by 11.6% during the 2nd quarter. Rhumbline Advisers now owns 134,322 shares of the company’s stock valued at $1,483,000 after acquiring an additional 13,940 shares in the last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

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.