Brokerages Set Corsair Gaming, Inc. (NASDAQ:CRSR) Price Target at $10.14

Corsair Gaming, Inc. (NASDAQ:CRSR) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $10.14.

Several equities research analysts recently weighed in on CRSR shares. Robert W. Baird upped their target price on shares of Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Barclays increased their price target on Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, Wedbush restated an “outperform” rating and set a $12.00 target price (up from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th.

Corsair Gaming Trading Up 5.5 %

NASDAQ CRSR opened at $10.52 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 0.92. The stock has a market capitalization of $1.10 billion, a P/E ratio of -11.07 and a beta of 1.60. The firm’s 50-day moving average is $9.95 and its two-hundred day moving average is $7.90. Corsair Gaming has a 12 month low of $5.59 and a 12 month high of $13.02.

Corsair Gaming (NASDAQ:CRSR) last posted its earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. On average, sell-side analysts anticipate that Corsair Gaming will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Corsair Gaming

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its stake in Corsair Gaming by 89.0% in the third quarter. FMR LLC now owns 4,864 shares of the company’s stock valued at $34,000 after purchasing an additional 2,291 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Corsair Gaming by 220.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company’s stock valued at $33,000 after buying an additional 3,414 shares during the last quarter. BNP Paribas purchased a new position in shares of Corsair Gaming during the fourth quarter worth about $33,000. Quarry LP purchased a new stake in shares of Corsair Gaming in the 4th quarter valued at about $34,000. Finally, GAMMA Investing LLC boosted its position in shares of Corsair Gaming by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock valued at $44,000 after purchasing an additional 1,971 shares during the period. Institutional investors and hedge funds own 25.66% of the company’s stock.

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.