Corsair Gaming (NASDAQ:CRSR - Get Free Report) had its price objective increased by stock analysts at Robert W. Baird from $8.00 to $11.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Robert W. Baird's target price would suggest a potential downside of 11.43% from the company's previous close.
A number of other analysts also recently issued reports on CRSR. TD Cowen lowered their price target on Corsair Gaming from $10.00 to $9.00 and set a "hold" rating for the company in a research report on Thursday, November 7th. The Goldman Sachs Group lowered their target price on shares of Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Barclays cut their price target on shares of Corsair Gaming from $14.00 to $9.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. Macquarie decreased 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 note on Friday, November 8th. Finally, Wedbush reaffirmed 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $10.14.
View Our Latest Analysis on Corsair Gaming
Corsair Gaming Price Performance
Shares of NASDAQ CRSR traded down $0.09 during mid-day trading on Thursday, hitting $12.42. 1,829,579 shares of the company's stock traded hands, compared to its average volume of 982,031. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77. Corsair Gaming has a 1 year low of $5.59 and a 1 year high of $14.13. The company's 50-day moving average is $8.15 and its two-hundred day moving average is $7.23. The company has a market capitalization of $1.30 billion, a P/E ratio of -13.80 and a beta of 1.68.
Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. Corsair Gaming had a negative return on equity of 4.58% and a negative net margin of 7.14%. On average, equities analysts anticipate that Corsair Gaming will post -0.38 EPS for the current fiscal year.
Hedge Funds Weigh In On Corsair Gaming
A number of hedge funds have recently added to or reduced their stakes in CRSR. The Manufacturers Life Insurance Company boosted its holdings in shares of Corsair Gaming by 18.7% in the second quarter. The Manufacturers Life Insurance Company now owns 24,759 shares of the company's stock valued at $273,000 after purchasing an additional 3,906 shares during the period. SG Americas Securities LLC bought a new stake in Corsair Gaming during the 3rd quarter valued at $101,000. GAMMA Investing LLC raised its position in Corsair Gaming by 995.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,745 shares of the company's stock valued at $33,000 after purchasing an additional 4,312 shares in the last quarter. Creative Planning lifted its holdings in shares of Corsair Gaming by 579.2% in 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. Finally, Quest Partners LLC bought a new position in shares of Corsair Gaming during the 3rd quarter worth $462,000. 25.66% of the stock is currently owned by institutional investors.
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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