Corsair Gaming (NASDAQ:CRSR) Announces Quarterly Earnings Results, Hits Estimates

Corsair Gaming (NASDAQ:CRSR) announced its quarterly earnings results on Wednesday. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16, Zacks reports. Corsair Gaming had a negative return on equity of 4.58% and a negative net margin of 7.14%.

Corsair Gaming Stock Down 0.1 %

Corsair Gaming stock traded down $0.01 during mid-day trading on Wednesday, reaching $9.94. The stock had a trading volume of 1,220,201 shares, compared to its average volume of 989,912. 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 company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -11.05 and a beta of 1.68. Corsair Gaming has a one year low of $5.59 and a one year high of $14.13. The company has a 50-day moving average price of $7.91 and a two-hundred day moving average price of $7.16.

Wall Street Analyst Weigh In

CRSR has been the topic of a number of recent analyst reports. Wedbush reissued an “outperform” rating and issued a $12.00 price target (up previously from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th. Macquarie cut their target price on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Barclays lowered their price target on 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 cut their price objective on 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 reduced their price target on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.29.

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.