Corsair Gaming (NASDAQ:CRSR) Given "Outperform" Rating at Wedbush

Wedbush restated their outperform rating on shares of Corsair Gaming (NASDAQ:CRSR - Free Report) in a research report released on Wednesday morning,RTT News reports. The brokerage currently has a $12.00 target price on the stock, up from their prior target price of $10.00.

CRSR has been the subject of a number of other research reports. TD Cowen cut their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a "hold" rating for the company in a research report on Thursday, November 7th. Barclays cut their price objective on Corsair Gaming from $14.00 to $9.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. The Goldman Sachs Group lowered their target price on Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Finally, Macquarie cut their price target on Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Corsair Gaming has an average rating of "Moderate Buy" and a consensus target price of $9.29.

Corsair Gaming Stock Down 3.7 %

Shares of CRSR traded down $0.36 during trading hours on Wednesday, reaching $9.25. The company's stock had a trading volume of 1,331,193 shares, compared to its average volume of 982,031. The company has a 50 day moving average of $7.83 and a two-hundred day moving average of $7.14. 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 firm has a market cap of $968.48 million, a price-to-earnings ratio of -10.28 and a beta of 1.68. Corsair Gaming has a 1-year low of $5.59 and a 1-year high of $14.13.

Institutional Trading of Corsair Gaming

Institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its stake in shares of Corsair Gaming by 85.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company's stock valued at $28,104,000 after acquiring an additional 1,857,532 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Corsair Gaming by 40.4% in the fourth quarter. New York State Common Retirement Fund now owns 738,922 shares of the company's stock valued at $4,884,000 after purchasing an additional 212,792 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Corsair Gaming in the third quarter valued at approximately $1,094,000. Main Management ETF Advisors LLC acquired a new stake in shares of Corsair Gaming in the third quarter worth $735,000. Finally, Creative Planning boosted its holdings in shares of Corsair Gaming by 579.2% during the 3rd quarter. Creative Planning now owns 82,182 shares of the company's stock worth $572,000 after buying an additional 70,083 shares during the period. Institutional investors and hedge funds own 25.66% of the company's stock.

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.