Barclays Forecasts Strong Price Appreciation for Corsair Gaming (NASDAQ:CRSR) Stock

Corsair Gaming (NASDAQ:CRSR) had its price target boosted by investment analysts at Barclays from $9.00 to $12.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 20.72% from the company’s previous close.

Other research analysts also recently issued reports about the company. Macquarie cut their target price on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. The Goldman Sachs Group reduced their target price on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Robert W. Baird raised their price target on shares of Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday. Wedbush reaffirmed an “outperform” rating and issued a $12.00 price objective (up from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Finally, TD Cowen lowered their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.14.

Corsair Gaming Stock Down 0.1 %

Shares of NASDAQ CRSR opened at $9.94 on Thursday. The company has a 50 day simple moving average of $7.95 and a 200 day simple moving average of $7.18. 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 firm has a market cap of $1.04 billion, a PE ratio of -11.04 and a beta of 1.68.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Corsair Gaming had a negative net margin of 7.14% and a negative return on equity of 4.58%. On average, research analysts forecast that Corsair Gaming will post -0.38 EPS for the current year.

Institutional Investors Weigh In On Corsair Gaming

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in shares of Corsair Gaming by 995.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock worth $33,000 after purchasing an additional 4,312 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Corsair Gaming by 220.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock worth $33,000 after buying an additional 3,414 shares during the period. FMR LLC boosted its holdings in Corsair Gaming by 89.0% in the third quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after acquiring an additional 2,291 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Corsair Gaming in the fourth quarter valued at approximately $50,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of Corsair Gaming by 45.8% during the fourth quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company’s stock valued at $53,000 after acquiring an additional 2,538 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.