Barclays Raises Corsair Gaming (NASDAQ:CRSR) Price Target to $12.00

Corsair Gaming (NASDAQ:CRSR) had its target price raised by equities researchers at Barclays from $9.00 to $12.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 20.72% from the company’s current price.

Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group cut their price target on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Wedbush reiterated an “outperform” rating and issued a $12.00 target price (up from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. TD Cowen dropped their price objective on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. Robert W. Baird lifted their price objective on Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Macquarie reduced their price objective on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Corsair Gaming presently has an average rating of “Moderate Buy” and a consensus price target of $10.14.

Corsair Gaming Stock Down 0.1 %

Corsair Gaming stock opened at $9.94 on Thursday. Corsair Gaming has a fifty-two week low of $5.59 and a fifty-two week high of $14.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 1.58. The firm’s 50-day simple moving average is $7.95 and its 200 day simple moving average is $7.18. The stock has a market cap of $1.04 billion, a PE ratio of -11.04 and a beta of 1.68.

Corsair Gaming (NASDAQ:CRSR) last released 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 4.58% and a negative net margin of 7.14%. Research analysts predict that Corsair Gaming will post -0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its position in Corsair Gaming by 85.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock valued at $28,104,000 after purchasing an additional 1,857,532 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Corsair Gaming by 40.4% during 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. Jacobs Levy Equity Management Inc. bought a new stake in shares of Corsair Gaming during the 3rd quarter worth $1,094,000. Vanguard Group Inc. increased its stake in Corsair Gaming by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company’s stock valued at $38,426,000 after acquiring an additional 148,674 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in Corsair Gaming by 1,051.0% in the fourth quarter. Intech Investment Management LLC now owns 127,647 shares of the company’s stock valued at $844,000 after acquiring an additional 116,557 shares during the last quarter. 25.66% of the stock is currently owned by institutional investors.

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.