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

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating 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.

Several brokerages recently issued reports on CRSR. Robert W. Baird raised their price target on Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday. Barclays raised their target price on Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday. Macquarie lowered their price target on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. TD Cowen cut their price objective on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group decreased their target price 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.

Institutional Investors Weigh In On Corsair Gaming

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Corsair Gaming by 995.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock valued at $33,000 after purchasing an additional 4,312 shares during the period. FMR LLC lifted its position in Corsair Gaming by 89.0% in 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 in the last quarter. PNC Financial Services Group Inc. boosted its stake 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 valued at $33,000 after buying an additional 3,414 shares during the period. Quarry LP purchased a new position in shares of Corsair Gaming during the 4th quarter valued at $34,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Corsair Gaming in the fourth quarter worth $50,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

Corsair Gaming Trading Down 0.7 %

NASDAQ CRSR opened at $12.42 on Friday. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -13.80 and a beta of 1.68. 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 12 month low of $5.59 and a 12 month high of $14.13. The company’s fifty day moving average price is $8.05 and its two-hundred day moving average price is $7.21.

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

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.