Macquarie Issues Pessimistic Forecast for Corsair Gaming (NASDAQ:CRSR) Stock Price

Corsair Gaming (NASDAQ:CRSR) had its price objective decreased by Macquarie from $11.00 to $9.00 in a research note issued to investors on Friday morning,Benzinga reports. Macquarie currently has an outperform rating on the stock.

A number of other brokerages have also recently issued reports on CRSR. Wedbush reaffirmed an “outperform” rating and set a $11.00 price objective on shares of Corsair Gaming in a research note on Tuesday, November 5th. Barclays dropped their target price on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Robert W. Baird reduced their price objective on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. Stifel Nicolaus lowered their price objective on shares of Corsair Gaming from $16.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group dropped their price target on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.14.

Corsair Gaming Trading Up 7.8 %

Shares of Corsair Gaming stock opened at $7.05 on Friday. Corsair Gaming has a 12-month low of $5.59 and a 12-month high of $15.07. The company’s 50-day moving average price is $6.59 and its 200-day moving average price is $8.57. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 0.28. The company has a market cap of $738.14 million, a price-to-earnings ratio of -7.83 and a beta of 1.59.

Institutional Investors Weigh In On Corsair Gaming

Several large investors have recently bought and sold shares of CRSR. GAMMA Investing LLC raised its stake in Corsair Gaming by 995.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock worth $33,000 after acquiring an additional 4,312 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Corsair Gaming during the 2nd quarter worth $121,000. Intech Investment Management LLC purchased a new stake in shares of Corsair Gaming during the 3rd quarter worth approximately $77,000. Virtu Financial LLC purchased a new stake in Corsair Gaming during the first quarter worth $162,000. Finally, PEAK6 Investments LLC raised its position in Corsair Gaming by 144.3% during the first quarter. PEAK6 Investments LLC now owns 13,313 shares of the company’s stock worth $164,000 after acquiring an additional 43,393 shares during the last quarter. Hedge funds and other institutional investors 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.