Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $10.14 Consensus PT from Brokerages

Corsair Gaming, Inc. (NASDAQ:CRSR) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $10.14.

Several research firms recently commented on CRSR. Wedbush reiterated an “outperform” rating and issued a $12.00 price target (up previously from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Robert W. Baird boosted their price target on Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Barclays boosted their price target on Corsair Gaming from $9.00 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th.

Corsair Gaming Trading Up 5.5 %

NASDAQ:CRSR opened at $10.52 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.57. Corsair Gaming has a one year low of $5.59 and a one year high of $13.02. The business’s 50-day simple moving average is $9.95 and its 200 day simple moving average is $7.92. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -11.07 and a beta of 1.60.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, hitting 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%. As a group, sell-side analysts predict that Corsair Gaming will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Corsair Gaming

Institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position 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 worth $33,000 after purchasing an additional 3,414 shares during the period. BNP Paribas acquired a new stake in shares of Corsair Gaming during the 4th quarter worth approximately $33,000. FMR LLC raised its position in shares of Corsair Gaming by 89.0% during the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after purchasing an additional 2,291 shares during the period. Quarry LP acquired a new stake in shares of Corsair Gaming during the 4th quarter worth approximately $34,000. Finally, GAMMA Investing LLC raised its position in shares of Corsair Gaming by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock worth $44,000 after purchasing an additional 1,971 shares during the period. Institutional investors and hedge funds 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.