Corsair Gaming (NASDAQ:CRSR) Price Target Raised to $12.00

Corsair Gaming (NASDAQ:CRSR) had its target price boosted by Barclays from $9.00 to $12.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts have also commented on CRSR. TD Cowen cut their target price 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. The Goldman Sachs Group reduced their price target on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Wedbush reissued an “outperform” rating and set a $12.00 price target (up from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th. Macquarie decreased their price objective on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, Robert W. Baird upped their target price on Corsair Gaming from $8.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.14.

Corsair Gaming Stock Down 0.7 %

Shares of CRSR stock opened at $12.42 on Thursday. 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 stock has a market cap of $1.30 billion, a PE ratio of -13.80 and a beta of 1.68. The business’s fifty day moving average is $8.15 and its 200-day moving average is $7.24. Corsair Gaming has a 1 year low of $5.59 and a 1 year high of $14.13.

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

Hedge Funds Weigh In On Corsair Gaming

A number of hedge funds have recently added to or reduced their stakes in CRSR. GAMMA Investing LLC increased its position in Corsair Gaming by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock worth $44,000 after buying an additional 1,971 shares during the last quarter. FMR LLC increased its holdings in shares of Corsair Gaming by 89.0% during 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 last quarter. Quadrant Capital Group LLC lifted its holdings in Corsair Gaming by 45.8% in the 4th quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company’s stock worth $53,000 after purchasing an additional 2,538 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Corsair Gaming by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company’s stock worth $274,000 after purchasing an additional 2,756 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Corsair Gaming by 7.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,745 shares of the company’s stock worth $257,000 after purchasing an additional 2,789 shares during the last quarter. Institutional investors and hedge funds 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.