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

Corsair Gaming, Inc. (NASDAQ:CRSR) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $9.14.

CRSR has been the topic of several recent research reports. Barclays reduced their target price on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group decreased their target price on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Macquarie dropped their target price on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Robert W. Baird decreased their price target on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. Finally, Wedbush reiterated an “outperform” rating and set a $11.00 price objective on shares of Corsair Gaming in a research note on Tuesday, November 5th.

Institutional Trading of Corsair Gaming

Institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in shares of Corsair Gaming by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company’s stock worth $250,000 after purchasing an additional 1,348 shares during the period. FMR LLC grew its stake in Corsair Gaming by 89.0% during the 3rd 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 last quarter. The Manufacturers Life Insurance Company grew its stake in Corsair Gaming by 18.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,759 shares of the company’s stock worth $273,000 after buying an additional 3,906 shares during the last quarter. GAMMA Investing LLC increased its position in Corsair Gaming by 995.8% in the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock worth $33,000 after buying an additional 4,312 shares during the period. Finally, Lebenthal Global Advisors LLC lifted its stake in Corsair Gaming by 16.2% in the second quarter. Lebenthal Global Advisors LLC now owns 39,508 shares of the company’s stock valued at $436,000 after buying an additional 5,508 shares during the last quarter. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Trading Up 0.5 %

Shares of CRSR stock opened at $7.35 on Monday. Corsair Gaming has a fifty-two week low of $5.59 and a fifty-two week high of $15.07. The firm’s 50 day moving average price is $6.83 and its two-hundred day moving average price is $8.16. The stock has a market cap of $769.55 million, a price-to-earnings ratio of -8.17 and a beta of 1.59. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28.

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.