Corsair Gaming, Inc. (NASDAQ:CRSR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $9.8333.

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Corsair Gaming from a “hold” rating to a “buy” rating in a report on Friday, June 27th. Barclays raised shares of Corsair Gaming to a “strong-buy” rating in a report on Friday, August 8th.

Corsair Gaming Price Performance

NASDAQ:CRSR opened at $8.77 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 0.75. The firm has a market cap of $929.97 million, a price-to-earnings ratio of -10.83 and a beta of 1.77. The company has a 50 day moving average price of $9.10 and a 200-day moving average price of $8.86. Corsair Gaming has a 1-year low of $5.59 and a 1-year high of $13.02.

Corsair Gaming (NASDAQ:CRSR) last posted its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $320.11 million during the quarter, compared to analyst estimates of $312.38 million. Corsair Gaming had a negative net margin of 6.00% and a negative return on equity of 3.12%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.07) EPS. Corsair Gaming has set its FY 2025 guidance at EPS. Equities research analysts forecast that Corsair Gaming will post 0.22 EPS for the current year.

Hedge Funds Weigh In On Corsair Gaming

Several institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its position in shares of Corsair Gaming by 30.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,765 shares of the company’s stock valued at $45,000 after acquiring an additional 1,120 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Corsair Gaming by 3.2% during the 2nd quarter. Vontobel Holding Ltd. now owns 45,322 shares of the company’s stock valued at $427,000 after acquiring an additional 1,390 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Corsair Gaming by 24.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company’s stock valued at $74,000 after acquiring an additional 1,551 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Corsair Gaming by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 122,484 shares of the company’s stock valued at $1,155,000 after acquiring an additional 1,592 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Corsair Gaming by 16.4% during the 1st quarter. Cerity Partners LLC now owns 14,333 shares of the company’s stock valued at $127,000 after acquiring an additional 2,016 shares during the last quarter. 25.66% of the stock is owned by hedge funds and other 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.