Corsair Gaming (NASDAQ:CRSR) PT Lowered to $10.00 at Robert W. Baird

Corsair Gaming (NASDAQ:CRSR) had its price objective decreased by Robert W. Baird from $14.00 to $10.00 in a research note released on Friday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Separately, Wedbush reaffirmed an outperform rating and set a $18.00 price objective on shares of Corsair Gaming in a report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $15.17.

Corsair Gaming Stock Performance

Shares of CRSR stock opened at $8.57 on Friday. The stock has a fifty day moving average price of $10.92 and a 200 day moving average price of $11.92. The stock has a market cap of $890.51 million, a PE ratio of -107.13 and a beta of 1.59. Corsair Gaming has a 1 year low of $8.12 and a 1 year high of $18.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.08 and a current ratio of 1.82.

Corsair Gaming (NASDAQ:CRSR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). The firm had revenue of $337.26 million for the quarter, compared to analyst estimates of $364.15 million. Corsair Gaming had a positive return on equity of 4.70% and a negative net margin of 0.58%. Sell-side analysts forecast that Corsair Gaming will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corsair Gaming

Several hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in Corsair Gaming by 7.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company’s stock worth $250,000 after buying an additional 1,348 shares in the last quarter. Vontobel Holding Ltd. increased its position in Corsair Gaming by 6.6% during the fourth quarter. Vontobel Holding Ltd. now owns 25,897 shares of the company’s stock worth $365,000 after buying an additional 1,612 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Corsair Gaming by 8.0% in the fourth quarter. Illinois Municipal Retirement Fund now owns 25,931 shares of the company’s stock valued at $366,000 after purchasing an additional 1,931 shares during the period. Capstone Investment Advisors LLC grew its position in shares of Corsair Gaming by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 27,250 shares of the company’s stock valued at $336,000 after purchasing an additional 2,250 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Corsair Gaming by 2.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 93,534 shares of the company’s stock valued at $1,319,000 after purchasing an additional 2,464 shares during the period. Hedge funds and other institutional investors 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.