Corsair Gaming (NASDAQ:CRSR) Price Target Raised to $12.00

Corsair Gaming (NASDAQ:CRSR - Free Report) had its target price upped by Barclays from $9.00 to $12.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts have also commented on CRSR. Robert W. Baird upped their price target on shares of Corsair Gaming from $8.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday. Wedbush reiterated an "outperform" rating and issued a $12.00 price target (up from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th. The Goldman Sachs Group cut their price objective on shares of Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Macquarie decreased their target price on Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Finally, TD Cowen cut their price target on Corsair Gaming from $10.00 to $9.00 and set a "hold" rating for the company in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $10.14.

Corsair Gaming Stock Down 0.7 %

Corsair Gaming stock traded down $0.09 during trading hours on Thursday, hitting $12.42. The stock had a trading volume of 1,829,579 shares, compared to its average volume of 982,031. Corsair Gaming has a 12-month low of $5.59 and a 12-month high of $14.13. The stock has a market capitalization of $1.30 billion, a P/E ratio of -13.80 and a beta of 1.68. The stock's 50-day moving average price is $8.15 and its 200-day moving average price is $7.23. 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 (NASDAQ:CRSR - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. Corsair Gaming had a negative return on equity of 4.58% and a negative net margin of 7.14%. Equities research analysts anticipate that Corsair Gaming will post -0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA boosted its position in shares of Corsair Gaming by 85.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company's stock worth $28,104,000 after acquiring an additional 1,857,532 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Corsair Gaming during the 4th quarter valued at about $1,503,000. New York State Common Retirement Fund grew its position in shares of Corsair Gaming by 40.4% during the fourth 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 in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Corsair Gaming in the third quarter worth about $1,094,000. Finally, Vanguard Group Inc. increased its holdings in shares of Corsair Gaming by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company's stock worth $38,426,000 after purchasing an additional 148,674 shares during the last quarter. 25.66% of the stock is currently owned by institutional investors.

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.