Corsair Gaming (NASDAQ:CRSR) Given “Outperform” Rating at Wedbush

Corsair Gaming (NASDAQ:CRSR)‘s stock had its “outperform” rating reaffirmed by research analysts at Wedbush in a research report issued to clients and investors on Wednesday,RTT News reports. They presently have a $12.00 price objective on the stock, up from their previous price objective of $10.00. Wedbush’s price objective suggests a potential upside of 23.08% from the stock’s current price.

Several other brokerages also recently issued reports on CRSR. Barclays reduced their price objective on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. TD Cowen decreased their price target 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. Macquarie dropped their price objective on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, The Goldman Sachs Group decreased their target price on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.29.

Corsair Gaming Trading Up 2.5 %

CRSR traded up $0.24 during trading on Wednesday, reaching $9.75. The company had a trading volume of 358,588 shares, compared to its average volume of 893,768. The firm’s 50-day simple moving average is $7.70 and its 200 day simple moving average is $7.11. 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 company has a market cap of $1.02 billion, a price-to-earnings ratio of -10.83 and a beta of 1.67. Corsair Gaming has a 12-month low of $5.59 and a 12-month high of $14.13.

Hedge Funds Weigh In On Corsair Gaming

A number of hedge funds have recently made changes to their positions in CRSR. Massachusetts Financial Services Co. MA raised its position 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 worth $28,104,000 after purchasing an additional 1,857,532 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of 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 worth $4,884,000 after buying an additional 212,792 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Corsair Gaming during the 3rd quarter worth approximately $1,094,000. Main Management ETF Advisors LLC acquired a new stake in Corsair Gaming in the 3rd quarter valued at $735,000. Finally, Creative Planning grew its position in Corsair Gaming by 579.2% in the third quarter. Creative Planning now owns 82,182 shares of the company’s stock valued at $572,000 after acquiring an additional 70,083 shares during the period. 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.