Analysts Set Corsair Gaming, Inc. (NASDAQ:CRSR) Price Target at $10.14

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $10.14.

CRSR has been the topic of several recent analyst reports. TD Cowen dropped their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. Wedbush reissued an “outperform” rating and issued a $12.00 price objective (up from $10.00) on shares of Corsair Gaming in a research 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 report on Friday, November 8th. The Goldman Sachs Group lowered their target price on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, Barclays boosted 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.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CRSR. Massachusetts Financial Services Co. MA grew its stake in Corsair Gaming by 85.2% in 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 acquiring an additional 1,857,532 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Corsair Gaming in the 4th quarter valued at $1,503,000. New York State Common Retirement Fund grew its position in Corsair Gaming by 40.4% in 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 purchasing an additional 212,792 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in Corsair Gaming during the 3rd quarter valued at $1,094,000. Finally, Vanguard Group Inc. raised its holdings in Corsair Gaming by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company’s stock worth $38,426,000 after buying an additional 148,674 shares during the last quarter. 25.66% of the stock is owned by institutional investors and hedge funds.

Corsair Gaming Price Performance

Shares of CRSR opened at $11.82 on Friday. The business has a 50-day moving average of $8.61 and a 200-day moving average of $7.42. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 0.92. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -12.44 and a beta of 1.68. Corsair Gaming has a 1 year low of $5.59 and a 1 year high of $13.53.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. As a group, equities research analysts anticipate that Corsair Gaming will post 0.22 earnings per share for the current year.

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.