Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $9.14 Consensus Price Target from Analysts

Corsair Gaming, Inc. (NASDAQ:CRSR) has been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat.com reports. Three equities research 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 analysts that have issued a report on the stock in the last year is $9.14.

CRSR has been the subject of several research analyst reports. Macquarie decreased their price objective on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Wedbush reiterated an “outperform” rating and set a $11.00 price target on shares of Corsair Gaming in a research note on Tuesday, November 5th. The Goldman Sachs Group lowered their price objective on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. TD Cowen reduced their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Finally, Barclays decreased their target price on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th.

Corsair Gaming Stock Performance

Shares of Corsair Gaming stock opened at $9.15 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28. Corsair Gaming has a 52 week low of $5.59 and a 52 week high of $14.13. The firm’s 50 day moving average is $7.41 and its two-hundred day moving average is $7.18. The firm has a market capitalization of $958.01 million, a P/E ratio of -10.17 and a beta of 1.63.

Institutional Investors Weigh In On Corsair Gaming

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of Corsair Gaming by 995.8% during the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock worth $33,000 after buying an additional 4,312 shares in the last quarter. FMR LLC boosted its position in shares of Corsair Gaming by 89.0% in the third quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after buying an additional 2,291 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Corsair Gaming during the second quarter worth $121,000. Intech Investment Management LLC acquired a new position in shares of Corsair Gaming in the third quarter worth about $77,000. Finally, Glenmede Trust Co. NA acquired a new stake in shares of Corsair Gaming during the third quarter worth approximately $97,000. 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.