Corsair Gaming, Inc. (NASDAQ:CRSR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $9.14.

Several analysts recently weighed in on the stock. The Goldman Sachs Group cut their price target on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Wedbush reiterated an “outperform” rating and set a $11.00 price target on shares of Corsair Gaming in a research report on Tuesday, November 5th. TD Cowen decreased 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. Macquarie cut their price objective on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, 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.

Corsair Gaming Stock Up 4.4 %

Shares of NASDAQ CRSR opened at $8.32 on Tuesday. The firm’s fifty day moving average is $7.21 and its 200 day moving average is $7.19. Corsair Gaming has a 52 week low of $5.59 and a 52 week high of $14.13. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28. The company has a market cap of $871.10 million, a price-to-earnings ratio of -9.24 and a beta of 1.63.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of Corsair Gaming by 257.3% during the 3rd quarter. Barclays PLC now owns 78,933 shares of the company’s stock valued at $549,000 after buying an additional 56,841 shares in the last quarter. Main Management ETF Advisors LLC purchased a new position in shares of Corsair Gaming in the third quarter valued at about $735,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Corsair Gaming in the third quarter valued at about $1,094,000. Stifel Financial Corp boosted its stake in shares of Corsair Gaming by 39.6% in the third quarter. Stifel Financial Corp now owns 214,564 shares of the company’s stock worth $1,493,000 after acquiring an additional 60,811 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Corsair Gaming by 85.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock worth $28,104,000 after purchasing an additional 1,857,532 shares in the last quarter. 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.