Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $9.14 Average PT from Brokerages

Corsair Gaming, Inc. (NASDAQ:CRSR) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $9.14.

Several equities analysts recently commented on the stock. The Goldman Sachs Group dropped their price objective on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Barclays decreased their price target on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. TD Cowen decreased their price target on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. Wedbush restated an “outperform” rating and issued a $11.00 price target on shares of Corsair Gaming in a research report on Tuesday, November 5th. Finally, Macquarie decreased 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.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in shares of Corsair Gaming by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock valued at $44,000 after purchasing an additional 1,971 shares in the last quarter. FMR LLC lifted its position in shares of Corsair Gaming by 89.0% during the third quarter. FMR LLC now owns 4,864 shares of the company’s stock valued at $34,000 after purchasing an additional 2,291 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Corsair Gaming by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company’s stock valued at $274,000 after purchasing an additional 2,756 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Corsair Gaming by 18.7% during the second quarter. The Manufacturers Life Insurance Company now owns 24,759 shares of the company’s stock valued at $273,000 after purchasing an additional 3,906 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Corsair Gaming by 7.0% during the second quarter. Public Sector Pension Investment Board now owns 96,014 shares of the company’s stock valued at $1,060,000 after purchasing an additional 6,262 shares in the last quarter. 25.66% of the stock is owned by institutional investors.

Corsair Gaming Price Performance

Shares of NASDAQ:CRSR opened at $9.35 on Tuesday. The company has a market cap of $978.95 million, a price-to-earnings ratio of -10.39 and a beta of 1.63. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $7.31 and a 200 day simple moving average of $7.18. Corsair Gaming has a one year low of $5.59 and a one year high of $14.13.

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.