Corsair Gaming, Inc. (NASDAQ:CRSR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Corsair Gaming, Inc. (NASDAQ:CRSR) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $9.14.

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

Institutional Investors Weigh In On Corsair Gaming

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capstone Investment Advisors LLC increased its position in Corsair Gaming by 9.0% during the first quarter. Capstone Investment Advisors LLC now owns 27,250 shares of the company’s stock worth $336,000 after purchasing an additional 2,250 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Corsair Gaming by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 5,485,063 shares of the company’s stock worth $67,686,000 after buying an additional 64,373 shares during the last quarter. EntryPoint Capital LLC increased its holdings in shares of Corsair Gaming by 286.4% during the 1st quarter. EntryPoint Capital LLC now owns 17,041 shares of the company’s stock worth $210,000 after buying an additional 12,631 shares during the last quarter. PEAK6 Investments LLC raised its position in shares of Corsair Gaming by 144.3% in the 1st quarter. PEAK6 Investments LLC now owns 13,313 shares of the company’s stock worth $164,000 after buying an additional 43,393 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Corsair Gaming by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company’s stock valued at $250,000 after acquiring an additional 1,348 shares during the last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Corsair Gaming Stock Down 2.7 %

CRSR opened at $6.90 on Thursday. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. Corsair Gaming has a one year low of $5.59 and a one year high of $15.07. The business’s fifty day moving average is $6.61 and its two-hundred day moving average is $8.54.

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.