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

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $9.14.

Several brokerages have recently weighed in on CRSR. TD Cowen lowered 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 cut their target price on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Wedbush reiterated an “outperform” rating and issued a $11.00 target price on shares of Corsair Gaming in a report on Tuesday, November 5th. Barclays cut their price target on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Finally, Macquarie cut their target price on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, November 8th.

Corsair Gaming Stock Performance

Shares of Corsair Gaming stock opened at $6.71 on Friday. The company’s 50 day moving average price is $6.97 and its two-hundred day moving average price is $7.64. The firm has a market capitalization of $702.54 million, a P/E ratio of -7.46 and a beta of 1.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77. Corsair Gaming has a fifty-two week low of $5.59 and a fifty-two week high of $14.59.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in Corsair Gaming by 995.8% in the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock worth $33,000 after buying an additional 4,312 shares during the period. FMR LLC lifted its stake in shares of 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 purchasing an additional 2,291 shares during the period. Intech Investment Management LLC bought a new stake in shares of Corsair Gaming during the third quarter valued at approximately $77,000. Glenmede Trust Co. NA bought a new stake in shares of Corsair Gaming during the third quarter valued at approximately $97,000. Finally, SG Americas Securities LLC purchased a new stake in Corsair Gaming in the third quarter worth $101,000. Hedge funds and other 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.