Analysts Set Corsair Gaming, Inc. (NASDAQ:CRSR) Target Price at $9.14

Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $9.14.

Several brokerages have commented on CRSR. The Goldman Sachs Group cut their target price on Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th. TD Cowen reduced their price target on Corsair Gaming from $10.00 to $9.00 and set a "hold" rating on the stock in a research report on Thursday, November 7th. Wedbush reissued an "outperform" rating and issued a $11.00 target price on shares of Corsair Gaming in a research note on Tuesday, November 5th. Robert W. Baird cut their price objective on Corsair Gaming from $10.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 25th. Finally, Macquarie decreased their target price on Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating for the company in a report on Friday, November 8th.

Institutional Trading of Corsair Gaming

Institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its stake in Corsair Gaming by 257.3% during the 3rd quarter. Barclays PLC now owns 78,933 shares of the company's stock valued at $549,000 after purchasing an additional 56,841 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Corsair Gaming during the 3rd quarter valued at approximately $108,000. Main Management ETF Advisors LLC purchased a new position in Corsair Gaming during the third quarter valued at approximately $735,000. State Street Corp raised its position in shares of Corsair Gaming by 0.8% during the 3rd quarter. State Street Corp now owns 1,631,501 shares of the company's stock valued at $11,355,000 after purchasing an additional 12,373 shares during the period. Finally, Stifel Financial Corp raised its holdings in Corsair Gaming by 39.6% during the third quarter. Stifel Financial Corp now owns 214,564 shares of the company's stock valued at $1,493,000 after acquiring an additional 60,811 shares during the period. 25.66% of the stock is owned by hedge funds and other institutional investors.

Corsair Gaming Stock Performance

Shares of NASDAQ CRSR traded up $0.46 during midday trading on Monday, hitting $7.81. The company's stock had a trading volume of 287,289 shares, compared to its average volume of 453,162. Corsair Gaming has a one year low of $5.59 and a one year high of $15.07. The firm has a market capitalization of $817.71 million, a price-to-earnings ratio of -8.70 and a beta of 1.59. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $6.83 and a 200 day moving average price of $8.16.

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.