Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $10.14 Consensus Target Price from Analysts

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Three 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 brokerages that have covered the stock in the last year is $10.14.

Several equities research analysts have recently issued reports on CRSR shares. The Goldman Sachs Group decreased their target price on Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. TD Cowen decreased their price objective 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. Robert W. Baird boosted their target price on shares of Corsair Gaming from $8.00 to $11.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Wedbush restated an "outperform" rating and set a $12.00 price target (up previously from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Finally, Macquarie lowered their price target on shares of Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Friday, November 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CRSR. GAMMA Investing LLC lifted its position 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 acquiring an additional 4,312 shares in the last quarter. FMR LLC grew 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 valued at $34,000 after purchasing an additional 2,291 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Corsair Gaming by 220.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company's stock valued at $33,000 after purchasing an additional 3,414 shares during the period. BNP Paribas purchased a new stake in Corsair Gaming during the 4th quarter worth about $33,000. Finally, Quarry LP bought a new position in Corsair Gaming in the 4th quarter worth about $34,000. 25.66% of the stock is owned by institutional investors.

Corsair Gaming Stock Down 0.7 %

CRSR stock traded down $0.09 during trading on Friday, reaching $12.34. The stock had a trading volume of 371,548 shares, compared to its average volume of 1,158,632. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -13.64 and a beta of 1.68. Corsair Gaming has a one year low of $5.59 and a one year high of $13.54. The company's 50 day moving average is $8.24 and its two-hundred day moving average is $7.26.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 forecast that Corsair Gaming will post -0.38 EPS 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.