Corsair Gaming, Inc. (NASDAQ:CRSR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $9.14.

CRSR has been the subject of several analyst reports. Robert W. Baird cut their price target on shares of Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. Wedbush reiterated an “outperform” rating and set a $11.00 target price on shares of Corsair Gaming in a research report on Tuesday, November 5th. Barclays decreased their target price on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. TD Cowen cut their price target on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Finally, Macquarie reduced their price objective on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, November 8th.

Corsair Gaming Trading Up 0.5 %

Shares of CRSR stock opened at $7.35 on Monday. The stock has a market capitalization of $769.55 million, a P/E ratio of -8.17 and a beta of 1.59. Corsair Gaming has a fifty-two week low of $5.59 and a fifty-two week high of $15.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 1.58. The company has a 50 day moving average price of $6.83 and a 200 day moving average price of $8.16.

Institutional Investors Weigh In On Corsair Gaming

Institutional investors and hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its holdings in Corsair Gaming by 85.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock valued at $28,104,000 after acquiring an additional 1,857,532 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Corsair Gaming in the third quarter valued at $1,094,000. Main Management ETF Advisors LLC acquired a new position in Corsair Gaming in the third quarter valued at $735,000. Creative Planning lifted its position in Corsair Gaming by 579.2% during the third quarter. Creative Planning now owns 82,182 shares of the company’s stock worth $572,000 after buying an additional 70,083 shares during the period. Finally, Quest Partners LLC acquired a new stake in Corsair Gaming in the 3rd quarter worth about $462,000. 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.