Brokerages Set Corsair Gaming, Inc. (NASDAQ:CRSR) Price Target at $10.14

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $10.14.

CRSR has been the subject of a number of analyst reports. Robert W. Baird lifted their price target 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. Barclays lifted their price objective on Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $12.00 price objective (up from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th.

Corsair Gaming Stock Performance

NASDAQ:CRSR opened at $10.02 on Wednesday. Corsair Gaming has a 1-year low of $5.60 and a 1-year high of $13.02. The company has a current ratio of 1.57, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.05 billion, a P/E ratio of -10.55 and a beta of 1.60. The stock has a 50 day simple moving average of $10.05 and a 200 day simple moving average of $7.96.

Corsair Gaming (NASDAQ:CRSR) last posted its earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. Research analysts anticipate that Corsair Gaming will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRSR. Massachusetts Financial Services Co. MA raised its holdings in shares of Corsair Gaming by 85.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock worth $28,104,000 after buying an additional 1,857,532 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Corsair Gaming during the fourth quarter worth about $1,503,000. New York State Common Retirement Fund raised its stake in Corsair Gaming by 40.4% during the fourth quarter. New York State Common Retirement Fund now owns 738,922 shares of the company’s stock worth $4,884,000 after acquiring an additional 212,792 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Corsair Gaming during the third quarter worth about $1,094,000. Finally, Vanguard Group Inc. increased its position in Corsair Gaming by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company’s stock worth $38,426,000 after purchasing an additional 148,674 shares in the last quarter. 25.66% of the stock is currently 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.