Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $9.14 Consensus PT from Brokerages

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $9.14.

A number of research analysts have weighed in on the stock. Robert W. Baird dropped their target price on shares of Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. The Goldman Sachs Group reduced their price objective on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. TD Cowen decreased their target price on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. Macquarie dropped their price target on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, Wedbush reissued an “outperform” rating and issued a $11.00 price objective on shares of Corsair Gaming in a report on Tuesday, November 5th.

Corsair Gaming Trading Up 5.6 %

NASDAQ CRSR opened at $6.98 on Friday. The business’s fifty day moving average is $6.98 and its 200-day moving average is $7.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77. The stock has a market capitalization of $730.81 million, a price-to-earnings ratio of -7.76 and a beta of 1.62. Corsair Gaming has a one year low of $5.59 and a one year high of $14.13.

Institutional Trading of Corsair Gaming

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Corsair Gaming by 995.8% in 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 during the period. FMR LLC lifted its holdings 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 in the last quarter. Squarepoint Ops LLC bought a new position in shares of Corsair Gaming in the second quarter valued at approximately $121,000. Intech Investment Management LLC purchased a new position in Corsair Gaming during the third quarter valued at approximately $77,000. Finally, Glenmede Trust Co. NA bought a new stake in Corsair Gaming during the 3rd quarter worth approximately $97,000. 25.66% of the stock is currently owned by 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.