Corsair Gaming, Inc. (NASDAQ:CRSR) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $9.14.

CRSR has been the topic of several recent research reports. TD Cowen lowered their price target on shares of 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 reiterated an "outperform" rating and issued a $11.00 target price on shares of Corsair Gaming in a report on Tuesday, November 5th. The Goldman Sachs Group cut their price target on shares of Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Robert W. Baird lowered their price objective on Corsair Gaming from $10.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, September 25th. Finally, Barclays reduced their target price on Corsair Gaming from $14.00 to $9.00 and set an "overweight" rating on the stock in a research report on Thursday, November 7th.

Institutional Investors Weigh In On Corsair Gaming

Large investors have recently added to or reduced their stakes in the business. Main Management ETF Advisors LLC acquired a new position in Corsair Gaming during the 3rd quarter worth approximately $735,000. Jacobs Levy Equity Management Inc. purchased a new stake in Corsair Gaming in the third quarter valued at approximately $1,094,000. Stifel Financial Corp raised its position in Corsair Gaming by 39.6% in the 3rd quarter. Stifel Financial Corp now owns 214,564 shares of the company's stock valued at $1,493,000 after purchasing an additional 60,811 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake 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 buying an additional 1,857,532 shares during the period. Finally, State Street Corp lifted its position in Corsair Gaming by 0.8% during the 3rd quarter. State Street Corp now owns 1,631,501 shares of the company's stock worth $11,355,000 after acquiring an additional 12,373 shares during the period. 25.66% of the stock is owned by hedge funds and other institutional investors.

Corsair Gaming Price Performance

Shares of CRSR stock traded down $0.16 during trading hours on Friday, reaching $6.55. The company had a trading volume of 412,186 shares, compared to its average volume of 459,613. Corsair Gaming has a 12-month low of $5.59 and a 12-month high of $14.45. The company has a market capitalization of $685.79 million, a price-to-earnings ratio of -7.28 and a beta of 1.62. 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 stock has a fifty day moving average of $6.97 and a 200-day moving average of $7.61.

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.