Brokerages Set Corsair Gaming, Inc. (NASDAQ:CRSR) Target Price at $10.14

Corsair Gaming, Inc. (NASDAQ:CRSR) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $10.14.

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

Insider Activity

In related news, CFO Michael G. Potter sold 4,124 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $10.08, for a total value of $41,569.92. Following the sale, the chief financial officer now owns 125,650 shares of the company’s stock, valued at $1,266,552. The trade was a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 58.89% of the company’s stock.

Hedge Funds Weigh In On Corsair Gaming

A number of institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in shares of Corsair Gaming by 220.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock valued at $33,000 after acquiring an additional 3,414 shares during the last quarter. BNP Paribas acquired a new stake in Corsair Gaming in the 4th quarter valued at $33,000. FMR LLC raised its holdings in Corsair Gaming by 89.0% during the third quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after acquiring an additional 2,291 shares in the last quarter. Quarry LP bought a new stake in shares of Corsair Gaming during the 4th quarter worth approximately $34,000. Finally, GAMMA Investing LLC raised its position in Corsair Gaming by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock worth $44,000 after acquiring an additional 1,971 shares in the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

Corsair Gaming Price Performance

NASDAQ CRSR opened at $6.08 on Friday. Corsair Gaming has a 1 year low of $5.60 and a 1 year high of $13.02. The company has a fifty day simple moving average of $10.15 and a 200 day simple moving average of $8.22. 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 $637.52 million, a P/E ratio of -6.40 and a beta of 1.68.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings results 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%. On average, sell-side analysts predict that Corsair Gaming will post 0.22 EPS for the current 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.