Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $10.14 Average PT from Analysts

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have earned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $10.14.

A number of analysts have commented on CRSR shares. Robert W. Baird lifted their price target on Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Barclays upped their target price on Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, 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.

Corsair Gaming Stock Performance

Shares of CRSR stock opened at $10.52 on Wednesday. Corsair Gaming has a 12-month low of $5.59 and a 12-month high of $13.02. The business’s fifty day simple moving average is $9.95 and its 200-day simple moving average is $7.90. The company has a current ratio of 1.57, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.10 billion, a PE ratio of -11.07 and a beta of 1.60.

Corsair Gaming (NASDAQ:CRSR) last announced its earnings results 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 4.62% and a negative net margin of 7.53%. Analysts expect that Corsair Gaming will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Corsair Gaming by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company’s stock worth $38,426,000 after purchasing an additional 148,674 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Corsair Gaming by 85.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock worth $28,104,000 after buying an additional 1,857,532 shares during the period. State Street Corp lifted its position in shares of Corsair Gaming by 0.8% during the 3rd quarter. State Street Corp now owns 1,631,501 shares of the company’s stock valued at $11,355,000 after buying an additional 12,373 shares in the last quarter. Geode Capital Management LLC raised its position in Corsair Gaming by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,069,122 shares of the company’s stock worth $7,069,000 after acquiring an additional 9,344 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in Corsair Gaming by 40.4% in the 4th quarter. New York State Common Retirement Fund now owns 738,922 shares of the company’s stock valued at $4,884,000 after buying an additional 212,792 shares in the last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

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.