Corsair Gaming (NASDAQ:CRSR) Earns Outperform Rating from Wedbush

Corsair Gaming (NASDAQ:CRSR)‘s stock had its “outperform” rating reaffirmed by Wedbush in a research report issued to clients and investors on Wednesday,RTT News reports. They currently have a $12.00 target price on the stock, up from their prior target price of $10.00. Wedbush’s price objective points to a potential upside of 24.87% from the company’s current price.

CRSR has been the topic of a number of other research reports. Macquarie dropped their price objective on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. TD Cowen dropped their price target on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. Barclays reduced their price objective on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lowered their target price on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Corsair Gaming currently has an average rating of “Moderate Buy” and a consensus target price of $9.29.

Corsair Gaming Stock Performance

NASDAQ:CRSR opened at $9.61 on Wednesday. Corsair Gaming has a 12 month low of $5.59 and a 12 month high of $14.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77. The firm has a market capitalization of $1.01 billion, a PE ratio of -10.68 and a beta of 1.67. The business’s fifty day moving average price is $7.75 and its 200 day moving average price is $7.12.

Institutional Trading of Corsair Gaming

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Corsair Gaming by 995.8% in the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock valued at $33,000 after buying an additional 4,312 shares during the last quarter. FMR LLC increased its position in Corsair Gaming by 89.0% in the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock valued at $34,000 after acquiring an additional 2,291 shares during the period. Intech Investment Management LLC purchased a new stake in Corsair Gaming during the 3rd quarter valued at approximately $77,000. Proficio Capital Partners LLC acquired a new stake in Corsair Gaming during the 4th quarter worth approximately $90,000. Finally, Glenmede Trust Co. NA purchased a new position in shares of Corsair Gaming in the 3rd quarter valued at approximately $97,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

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.