Corsair Gaming (NASDAQ:CRSR) Given New $7.00 Price Target at The Goldman Sachs Group

Corsair Gaming (NASDAQ:CRSR) had its target price dropped by investment analysts at The Goldman Sachs Group from $9.00 to $7.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 3.40% from the stock’s current price.

CRSR has been the topic of several other reports. Barclays lowered 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. Robert W. Baird lowered their price target on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Wedbush restated an “outperform” rating and set a $11.00 price target on shares of Corsair Gaming in a report on Tuesday. Finally, Stifel Nicolaus decreased their price objective on shares of Corsair Gaming from $16.00 to $11.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Corsair Gaming has an average rating of “Moderate Buy” and an average price target of $9.20.

Corsair Gaming Trading Down 4.9 %

NASDAQ CRSR traded down $0.35 on Thursday, hitting $6.77. 625,863 shares of the stock were exchanged, compared to its average volume of 444,855. The company’s 50-day moving average price is $6.60 and its two-hundred day moving average price is $8.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.80 and a quick ratio of 0.97. Corsair Gaming has a 52-week low of $5.59 and a 52-week high of $15.07. The company has a market capitalization of $705.10 million, a price-to-earnings ratio of -18.30 and a beta of 1.59.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.36) earnings per share (EPS) for the quarter. Corsair Gaming had a positive return on equity of 2.17% and a negative net margin of 2.83%. The business had revenue of $304.20 million during the quarter, compared to analysts’ expectations of $305.03 million. Research analysts predict that Corsair Gaming will post 0.07 EPS for the current year.

Institutional Investors Weigh In On Corsair Gaming

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Corsair Gaming by 995.8% in 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 during the last quarter. SG Americas Securities LLC bought a new stake in Corsair Gaming during the 3rd quarter worth about $101,000. Squarepoint Ops LLC bought a new position in shares of Corsair Gaming in the second quarter worth about $121,000. Virtu Financial LLC acquired a new position in Corsair Gaming during the 1st quarter worth $162,000. Finally, PEAK6 Investments LLC boosted its position in Corsair Gaming by 144.3% in the 1st quarter. PEAK6 Investments LLC now owns 13,313 shares of the company’s stock valued at $164,000 after buying an additional 43,393 shares during the last quarter. 25.66% of the stock is 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.