Corsair Gaming (NASDAQ:CRSR) Shares Down 7.3% - What's Next?

Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) was down 7.3% during trading on Thursday . The company traded as low as $10.09 and last traded at $10.07. Approximately 478,545 shares changed hands during trading, a decline of 59% from the average daily volume of 1,166,075 shares. The stock had previously closed at $10.86.

Analysts Set New Price Targets

A number of research analysts have commented on CRSR shares. Robert W. Baird raised their target price on shares of Corsair Gaming from $8.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Wedbush restated an "outperform" rating and issued a $12.00 price target (up from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th. Finally, Barclays raised their price target on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Corsair Gaming currently has an average rating of "Moderate Buy" and an average target price of $10.14.

Corsair Gaming Stock Up 5.5 %

The business's 50 day moving average is $9.95 and its 200 day moving average is $7.92. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -11.07 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.57.

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Corsair Gaming (NASDAQ:CRSR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. Sell-side analysts anticipate that Corsair Gaming, Inc. will post 0.22 earnings per share for the current year.

Institutional Trading of Corsair Gaming

Several institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in Corsair Gaming by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 6,716 shares of the company's stock valued at $44,000 after acquiring an additional 1,971 shares during the period. FMR LLC lifted its stake in Corsair Gaming by 89.0% during the 3rd quarter. FMR LLC now owns 4,864 shares of the company's stock valued at $34,000 after acquiring an additional 2,291 shares during the period. Quadrant Capital Group LLC lifted its stake in Corsair Gaming by 45.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company's stock valued at $53,000 after acquiring an additional 2,538 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Corsair Gaming by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company's stock valued at $274,000 after purchasing an additional 2,756 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Corsair Gaming by 7.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,745 shares of the company's stock valued at $257,000 after purchasing an additional 2,789 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors and hedge funds.

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.