Shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $10.14.
CRSR has been the subject of a number of recent research reports. Wedbush reiterated an "outperform" rating and issued a $12.00 price target (up previously from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Barclays raised their price target on Corsair Gaming from $9.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Finally, Robert W. Baird increased their price objective on Corsair Gaming from $8.00 to $11.00 and gave the company a "neutral" rating in a report on Thursday, February 13th.
Get Our Latest Research Report on Corsair Gaming
Insider Buying and Selling at Corsair Gaming
In related news, CFO Michael G. Potter sold 4,124 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $10.08, for a total value of $41,569.92. Following the transaction, the chief financial officer now owns 125,650 shares in the company, valued at $1,266,552. The trade was a 3.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 58.89% of the stock is currently owned by company insiders.
Institutional Trading of Corsair Gaming
A number of hedge funds have recently added to or reduced their stakes in CRSR. GAMMA Investing LLC raised its stake in shares of Corsair Gaming by 1,466.5% during the first quarter. GAMMA Investing LLC now owns 105,204 shares of the company's stock worth $932,000 after purchasing an additional 98,488 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Corsair Gaming during the 4th quarter worth $91,000. PharVision Advisers LLC purchased a new position in Corsair Gaming during the 4th quarter worth $128,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Corsair Gaming by 18.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,263 shares of the company's stock worth $365,000 after purchasing an additional 8,545 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in Corsair Gaming by 324.6% in the fourth quarter. Squarepoint Ops LLC now owns 63,222 shares of the company's stock valued at $418,000 after purchasing an additional 48,332 shares during the period. 25.66% of the stock is owned by institutional investors and hedge funds.
Corsair Gaming Stock Down 12.3 %
Shares of Corsair Gaming stock traded down $0.86 during trading hours on Friday, reaching $6.16. 1,228,671 shares of the company were exchanged, compared to its average volume of 664,339. The firm has a market cap of $645.91 million, a PE ratio of -6.48 and a beta of 1.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.57. Corsair Gaming has a 1 year low of $5.60 and a 1 year high of $13.02. The stock's fifty day moving average is $10.01 and its 200 day moving average is $8.21.
Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. As a group, equities research analysts forecast that Corsair Gaming will post 0.22 earnings per share for the current year.
About Corsair Gaming
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Get Free ReportCorsair 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.
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