Corsair Gaming’s (CRSR) “Outperform” Rating Reaffirmed at Wedbush

Corsair Gaming (NASDAQ:CRSR)‘s stock had its “outperform” rating reiterated by Wedbush in a research note issued to investors on Wednesday,RTT News reports. They currently have a $12.00 price objective on the stock, up from their previous price objective of $10.00. Wedbush’s target price would suggest a potential upside of 24.87% from the stock’s current price.

Several other analysts have also recently commented on the company. Macquarie reduced their price target on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, November 8th. TD Cowen reduced their target price on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Barclays lowered their price target on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group reduced their price objective on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Corsair Gaming currently has an average rating of “Moderate Buy” and an average target price of $9.29.

Corsair Gaming Trading Down 0.2 %

NASDAQ CRSR opened at $9.61 on Wednesday. Corsair Gaming has a 52-week low of $5.59 and a 52-week high of $14.13. The firm has a 50-day moving average price of $7.75 and a 200 day moving average price of $7.12. The stock has a market capitalization of $1.01 billion, a P/E ratio of -10.68 and a beta of 1.67. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28.

Hedge Funds Weigh In On Corsair Gaming

Several hedge funds have recently added to or reduced their stakes in CRSR. GAMMA Investing LLC grew its holdings in shares of Corsair Gaming by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock worth $44,000 after buying an additional 1,971 shares in the last quarter. FMR LLC boosted its position in Corsair Gaming by 89.0% during the third quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after acquiring an additional 2,291 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Corsair Gaming by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company’s stock worth $274,000 after acquiring an additional 2,756 shares during the period. The Manufacturers Life Insurance Company grew its stake in Corsair Gaming by 18.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,759 shares of the company’s stock worth $273,000 after acquiring an additional 3,906 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Corsair Gaming by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 218,742 shares of the company’s stock valued at $1,446,000 after acquiring an additional 7,351 shares during the last quarter. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

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.