Corsair Gaming (NASDAQ:CRSR) Price Target Raised to $11.00

Corsair Gaming (NASDAQ:CRSR) had its target price boosted by Robert W. Baird from $8.00 to $11.00 in a report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also issued reports on CRSR. Barclays dropped their price objective on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. The Goldman Sachs Group cut their price target on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. TD Cowen decreased their price objective on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. Wedbush restated an “outperform” rating and set a $12.00 target price (up previously from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Finally, Macquarie decreased their price target on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Three equities 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.com, Corsair Gaming presently has an average rating of “Moderate Buy” and an average target price of $10.14.

Corsair Gaming Price Performance

NASDAQ:CRSR opened at $12.42 on Thursday. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $8.15 and a 200 day simple moving average of $7.24. Corsair Gaming has a 1-year low of $5.59 and a 1-year high of $14.13. The stock has a market capitalization of $1.30 billion, a PE ratio of -13.80 and a beta of 1.68.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Corsair Gaming had a negative net margin of 7.14% and a negative return on equity of 4.58%. On average, research analysts expect that Corsair Gaming will post -0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Corsair Gaming

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in Corsair Gaming by 995.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock worth $33,000 after purchasing an additional 4,312 shares in the last quarter. FMR LLC grew its position in shares of Corsair Gaming by 89.0% during the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after purchasing an additional 2,291 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Corsair Gaming by 220.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock valued at $33,000 after buying an additional 3,414 shares in the last quarter. Quarry LP acquired a new stake in shares of Corsair Gaming in the fourth quarter valued at approximately $34,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Corsair Gaming during the fourth quarter worth approximately $50,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

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.