Corsair Gaming (NASDAQ:CRSR - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16, Zacks reports. Corsair Gaming had a negative net margin of 7.14% and a negative return on equity of 4.58%. Corsair Gaming updated its FY 2025 guidance to EPS.
Corsair Gaming Stock Performance
Shares of NASDAQ CRSR traded down $0.09 during mid-day trading on Friday, reaching $12.42. 1,829,579 shares of the company were exchanged, compared to its average volume of 982,031. The company's 50-day simple moving average is $8.15 and its 200-day simple moving average is $7.23. 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 stock has a market capitalization of $1.30 billion, a P/E ratio of -13.80 and a beta of 1.68. Corsair Gaming has a twelve month low of $5.59 and a twelve month high of $14.13.
Analyst Ratings Changes
A number of brokerages have commented on CRSR. 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 research note on Thursday, November 7th. Macquarie cut their price target on shares of Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. Robert W. Baird increased their price target on shares of Corsair Gaming from $8.00 to $11.00 and gave the company a "neutral" rating in a research note on Thursday. 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 note on Thursday, November 7th. Finally, Wedbush restated an "outperform" rating and set a $12.00 target price (up previously from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.14.
Read Our Latest Stock Analysis on CRSR
Corsair Gaming Company Profile
(
Get Free Report)
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.
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