Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $9.14 Average Price Target from Analysts

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

A number of research firms have commented on CRSR. Barclays lowered their target price on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. TD Cowen lowered their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Macquarie reduced their price target on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. 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. Finally, The Goldman Sachs Group reduced their price target on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th.

Corsair Gaming Stock Performance

Shares of Corsair Gaming stock opened at $9.35 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77. The firm has a market cap of $978.95 million, a P/E ratio of -10.39 and a beta of 1.63. The firm has a 50 day simple moving average of $7.31 and a 200 day simple moving average of $7.18. Corsair Gaming has a fifty-two week low of $5.59 and a fifty-two week high of $14.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in 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 buying an additional 1,971 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Corsair Gaming by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company’s stock valued at $274,000 after purchasing an additional 2,756 shares during the period. Barclays PLC boosted its holdings in Corsair Gaming by 257.3% in the 3rd quarter. Barclays PLC now owns 78,933 shares of the company’s stock valued at $549,000 after purchasing an additional 56,841 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Corsair Gaming in the 3rd quarter valued at about $108,000. Finally, Main Management ETF Advisors LLC bought a new stake in Corsair Gaming in the 3rd quarter valued at about $735,000. 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.