Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $9.17 Consensus Target Price 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 Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $9.14.

A number of brokerages have recently issued reports on CRSR. Stifel Nicolaus reduced their target price on shares of Corsair Gaming from $16.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Wedbush reiterated an “outperform” rating and issued a $11.00 price objective on shares of Corsair Gaming in a research report on Tuesday, November 5th. Robert W. Baird cut their target price on shares of Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 25th. TD Cowen dropped their price target on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Barclays reduced their price target on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday.

Corsair Gaming Trading Down 4.5 %

Shares of Corsair Gaming stock opened at $6.54 on Thursday. Corsair Gaming has a 12-month low of $5.59 and a 12-month high of $15.07. The company has a 50-day simple moving average of $6.59 and a 200 day simple moving average of $8.63. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26.

Hedge Funds Weigh In On Corsair Gaming

Institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in shares of Corsair Gaming in the 1st quarter worth about $162,000. Capstone Investment Advisors LLC raised its stake in shares of Corsair Gaming by 9.0% in 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. Public Sector Pension Investment Board grew its stake in shares of Corsair Gaming by 7.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 96,014 shares of the company’s stock worth $1,060,000 after acquiring an additional 6,262 shares in the last quarter. Rhumbline Advisers increased its stake in Corsair Gaming by 11.6% in the 2nd quarter. Rhumbline Advisers now owns 134,322 shares of the company’s stock valued at $1,483,000 after buying an additional 13,940 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Corsair Gaming by 7.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,180,426 shares of the company’s stock worth $24,072,000 after acquiring an additional 153,036 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.