Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $10.14 Consensus Price Target from Analysts

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $10.14.

CRSR has been the topic of several recent analyst reports. Barclays upped their price target on Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. TD Cowen decreased their price target 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. Wedbush reaffirmed 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. The Goldman Sachs Group decreased their price target on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, Macquarie decreased their price target 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.

Corsair Gaming Stock Up 2.3 %

Shares of NASDAQ:CRSR opened at $12.51 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $8.42 and a two-hundred day moving average of $7.34. The stock has a market cap of $1.31 billion, a P/E ratio of -13.17 and a beta of 1.68. Corsair Gaming has a 52-week low of $5.59 and a 52-week high of $13.54.

Corsair Gaming (NASDAQ:CRSR) last issued 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 4.62% and a negative net margin of 7.53%. On average, research analysts expect that Corsair Gaming will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On Corsair Gaming

Several hedge funds have recently bought and sold shares of CRSR. The Manufacturers Life Insurance Company lifted its stake in Corsair Gaming by 18.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,759 shares of the company’s stock worth $273,000 after acquiring an additional 3,906 shares in the last quarter. SG Americas Securities LLC acquired a new position in Corsair Gaming during the 3rd quarter worth about $101,000. GAMMA Investing LLC raised its position in Corsair Gaming by 995.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock valued at $33,000 after purchasing an additional 4,312 shares in the last quarter. Creative Planning raised its position in Corsair Gaming by 579.2% in the 3rd quarter. Creative Planning now owns 82,182 shares of the company’s stock valued at $572,000 after purchasing an additional 70,083 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Corsair Gaming in the 3rd quarter valued at about $462,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

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.