Corsair Gaming, Inc. (NASDAQ:CRSR) Receives Average Rating of “Moderate Buy” from Brokerages

Corsair Gaming, Inc. (NASDAQ:CRSR) has earned a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $10.14.

A number of equities research analysts have recently commented on the company. Barclays lifted their price objective on Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Robert W. Baird lifted their price objective on Corsair Gaming from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $12.00 price objective (up previously from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th.

Institutional Investors Weigh In On Corsair Gaming

A number of institutional investors have recently added to or reduced their stakes in CRSR. PNC Financial Services Group Inc. grew its position in Corsair Gaming by 220.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock valued at $33,000 after acquiring an additional 3,414 shares during the period. BNP Paribas purchased a new stake in shares of Corsair Gaming in the fourth quarter worth about $33,000. FMR LLC boosted its position in shares of 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 buying an additional 2,291 shares during the period. Quarry LP purchased a new stake in shares of Corsair Gaming in the fourth quarter worth about $34,000. Finally, GAMMA Investing LLC boosted its position in shares of Corsair Gaming by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock worth $44,000 after buying an additional 1,971 shares during the period. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Corsair Gaming Price Performance

CRSR stock opened at $10.52 on Wednesday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -11.07 and a beta of 1.60. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. Corsair Gaming has a 52-week low of $5.59 and a 52-week high of $13.02. The stock’s fifty day simple moving average is $9.95 and its 200-day simple moving average is $7.92.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, meeting 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%. Equities research analysts expect that Corsair Gaming will post 0.22 EPS for the current year.

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.