Wedbush Forecasts Corsair Gaming’s Q4 Earnings (NASDAQ:CRSR)

Corsair Gaming, Inc. (NASDAQ:CRSR) – Equities researchers at Wedbush lowered their Q4 2024 earnings per share estimates for shares of Corsair Gaming in a research report issued on Thursday, November 7th. Wedbush analyst M. Pachter now forecasts that the company will earn $0.06 per share for the quarter, down from their prior estimate of $0.12. Wedbush currently has a “Outperform” rating and a $11.00 target price on the stock. The consensus estimate for Corsair Gaming’s current full-year earnings is $0.07 per share.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group cut their target price on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Macquarie dropped their target price on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Friday. Stifel Nicolaus lowered their price target on Corsair Gaming from $16.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Barclays dropped their price target on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Finally, TD Cowen cut their price objective 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Corsair Gaming currently has an average rating of “Moderate Buy” and a consensus target price of $9.14.

Corsair Gaming Stock Performance

NASDAQ:CRSR opened at $7.05 on Monday. The firm has a market capitalization of $738.14 million, a PE ratio of -7.83 and a beta of 1.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.97. The business’s fifty day moving average price is $6.59 and its 200 day moving average price is $8.57. Corsair Gaming has a 12 month low of $5.59 and a 12 month high of $15.07.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. 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 worth $33,000 after purchasing an additional 4,312 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Corsair Gaming during the 2nd quarter worth approximately $121,000. Intech Investment Management LLC bought a new stake in shares of Corsair Gaming during the third quarter worth approximately $77,000. Virtu Financial LLC acquired a new position in Corsair Gaming in the first quarter valued at approximately $162,000. Finally, PEAK6 Investments LLC boosted its stake in Corsair Gaming by 144.3% in the first quarter. PEAK6 Investments LLC now owns 13,313 shares of the company’s stock valued at $164,000 after acquiring an additional 43,393 shares during the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

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.