Wedbush Has Bearish Forecast for Corsair Gaming Q4 Earnings

Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) - Wedbush dropped their Q4 2024 earnings estimates for shares of Corsair Gaming in a report released on Thursday, November 7th. Wedbush analyst M. Pachter now expects that the company will post earnings per share of $0.06 for the quarter, down from their prior estimate of $0.12. Wedbush has a "Outperform" rating and a $11.00 price target on the stock. The consensus estimate for Corsair Gaming's current full-year earnings is $0.07 per share.

A number of other equities research analysts have also commented on CRSR. TD Cowen decreased their price objective on Corsair Gaming from $10.00 to $9.00 and set a "hold" rating for the company in a research report on Thursday. Robert W. Baird lowered their price objective on shares of Corsair Gaming from $10.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 25th. Macquarie dropped their price objective on Corsair Gaming from $11.00 to $9.00 and set an "outperform" rating on the stock in a research note on Friday. Barclays decreased their target price on Corsair Gaming from $14.00 to $9.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group dropped their price target on Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $9.14.

Corsair Gaming Price Performance

Shares of Corsair Gaming stock traded up $0.51 during midday trading on Monday, hitting $7.05. The company's stock had a trading volume of 1,077,215 shares, compared to its average volume of 452,636. Corsair Gaming has a 1-year low of $5.59 and a 1-year high of $15.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.97 and a current ratio of 1.58. The stock has a 50-day simple moving average of $6.59 and a 200-day simple moving average of $8.60.

Institutional Trading of Corsair Gaming

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Corsair Gaming by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 5,485,063 shares of the company's stock worth $67,686,000 after buying an additional 64,373 shares in the last quarter. EntryPoint Capital LLC lifted its position in shares of Corsair Gaming by 286.4% during the first quarter. EntryPoint Capital LLC now owns 17,041 shares of the company's stock worth $210,000 after purchasing an additional 12,631 shares in the last quarter. PEAK6 Investments LLC grew its stake in shares of Corsair Gaming by 144.3% during the first quarter. PEAK6 Investments LLC now owns 13,313 shares of the company's stock valued at $164,000 after purchasing an additional 43,393 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Corsair Gaming by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company's stock valued at $250,000 after purchasing an additional 1,348 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Corsair Gaming in the first quarter valued at approximately $162,000. 25.66% of the stock is owned by institutional investors.

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.