Corsair Gaming's (CRSR) Outperform Rating Reaffirmed at Wedbush

Corsair Gaming (NASDAQ:CRSR - Get Free Report)'s stock had its "outperform" rating restated by analysts at Wedbush in a report released on Tuesday, RTT News reports. They presently have a $11.00 price objective on the stock. Wedbush's price objective points to a potential upside of 59.88% from the stock's current price.

Several other equities analysts also recently commented on the stock. The Goldman Sachs Group dropped their price objective on shares of Corsair Gaming from $13.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Robert W. Baird cut their price objective on Corsair Gaming from $10.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, September 25th. Barclays reduced their price objective on Corsair Gaming from $17.00 to $14.00 and set an "overweight" rating on the stock in a research report on Friday, August 2nd. Finally, Stifel Nicolaus dropped their target price on Corsair Gaming from $16.00 to $11.00 and set a "buy" rating for the company in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.60.

Corsair Gaming Price Performance

Shares of CRSR stock traded up $0.18 on Tuesday, reaching $6.88. The company had a trading volume of 511,086 shares, compared to its average volume of 442,767. The business's 50-day moving average is $6.60 and its 200 day moving average is $8.71. Corsair Gaming has a one year low of $5.59 and a one year high of $15.07. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $716.55 million, a PE ratio of -18.59 and a beta of 1.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Corsair Gaming by 995.8% during the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company's stock worth $33,000 after buying an additional 4,312 shares during the period. Squarepoint Ops LLC bought a new stake in Corsair Gaming during the second quarter valued at $121,000. Virtu Financial LLC acquired a new stake in Corsair Gaming during the 1st quarter worth about $162,000. PEAK6 Investments LLC raised its position in shares of Corsair Gaming by 144.3% in the 1st quarter. PEAK6 Investments LLC now owns 13,313 shares of the company's stock worth $164,000 after acquiring an additional 43,393 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Corsair Gaming in the 3rd quarter valued at about $101,000. 25.66% of the stock is owned by institutional investors and hedge funds.

Corsair Gaming Company Profile

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.