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

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat 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 12 month price target among brokers that have issued ratings on the stock in the last year is $10.14.

A number of research analysts recently issued reports on CRSR shares. Robert W. Baird raised their price objective on shares of Corsair Gaming from $8.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Barclays raised their price objective on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, Wedbush reissued an “outperform” rating and set a $12.00 target price (up previously from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th.

Institutional Trading of Corsair Gaming

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in shares of Corsair Gaming by 220.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock worth $33,000 after buying an additional 3,414 shares during the period. BNP Paribas acquired a new stake in shares of Corsair Gaming during the 4th quarter worth approximately $33,000. 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 buying an additional 2,291 shares during the period. Quarry LP acquired a new stake in shares of Corsair Gaming during the 4th quarter worth approximately $34,000. Finally, GAMMA Investing LLC grew its position in shares of Corsair Gaming by 41.5% during the 4th 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 period. Institutional investors and hedge funds own 25.66% of the company’s stock.

Corsair Gaming Stock Up 0.6 %

CRSR stock opened at $10.90 on Wednesday. The stock has a market capitalization of $1.14 billion, a P/E ratio of -11.47 and a beta of 1.60. The company has a current ratio of 1.57, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. Corsair Gaming has a 12 month low of $5.59 and a 12 month high of $13.02. The firm has a 50-day moving average price of $9.74 and a 200-day moving average price of $7.84.

Corsair Gaming (NASDAQ:CRSR) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. As a group, equities research analysts anticipate that Corsair Gaming will post 0.22 EPS for the current fiscal year.

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.