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

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

A number of brokerages recently weighed in on CRSR. Wedbush reaffirmed an "outperform" rating and set a $11.00 price target on shares of Corsair Gaming in a research report on Tuesday, November 5th. Barclays decreased their target price on Corsair Gaming from $14.00 to $9.00 and set an "overweight" rating for the company in a research report 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. Macquarie lowered their price objective on shares of Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Finally, Robert W. Baird reduced their target price on shares of Corsair Gaming from $10.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 25th.

Institutional Trading of Corsair Gaming

A number of hedge funds and other institutional investors have recently made changes to their positions in CRSR. GAMMA Investing LLC grew its position in shares of Corsair Gaming by 995.8% in the 3rd 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 boosted its holdings in Corsair Gaming by 89.0% in the third quarter. FMR LLC now owns 4,864 shares of the company's stock worth $34,000 after purchasing an additional 2,291 shares during the period. Squarepoint Ops LLC bought a new stake in Corsair Gaming during the second quarter valued at $121,000. Intech Investment Management LLC acquired a new stake in shares of Corsair Gaming during the third quarter worth $77,000. Finally, Glenmede Trust Co. NA bought a new position in shares of Corsair Gaming in the 3rd quarter worth about $97,000. Institutional investors own 25.66% of the company's stock.

Corsair Gaming Trading Up 5.0 %

CRSR stock traded up $0.41 during midday trading on Tuesday, reaching $8.74. 682,396 shares of the company's stock traded hands, compared to its average volume of 702,038. Corsair Gaming has a fifty-two week low of $5.59 and a fifty-two week high of $14.13. The business has a 50-day moving average price of $7.24 and a two-hundred day moving average price of $7.17. The company has a market capitalization of $915.50 million, a P/E ratio of -9.72 and a beta of 1.63. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77.

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.