Corsair Gaming (NASDAQ:CRSR) Sets New 12-Month Low at $10.62

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $10.62 and last traded at $10.64, with a volume of 51605 shares traded. The stock had previously closed at $10.72.

Wall Street Analyst Weigh In

CRSR has been the subject of several research reports. Barclays lowered their price objective on shares of Corsair Gaming from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, February 14th. Robert W. Baird lowered their price objective on shares of Corsair Gaming from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, February 15th. Stifel Nicolaus decreased their target price on shares of Corsair Gaming from $17.00 to $16.00 and set an “action list buy” rating for the company in a research report on Wednesday, February 14th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Corsair Gaming in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.33.

Corsair Gaming Trading Down 0.9 %

The business’s 50-day moving average price is $12.39 and its 200 day moving average price is $13.02. The company has a market cap of $1.10 billion, a P/E ratio of 357.45 and a beta of 1.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.70.

Corsair Gaming (NASDAQ:CRSR) last posted its earnings results on Tuesday, February 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Corsair Gaming had a return on equity of 5.13% and a net margin of 0.15%. The company had revenue of $417.29 million for the quarter, compared to analyst estimates of $435.57 million. As a group, analysts expect that Corsair Gaming, Inc. will post 0.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CRSR. Covestor Ltd increased its holdings in Corsair Gaming by 23,240.0% in the third quarter. Covestor Ltd now owns 2,334 shares of the company’s stock valued at $34,000 after purchasing an additional 2,324 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Corsair Gaming during the 4th quarter worth approximately $177,000. Victory Capital Management Inc. purchased a new stake in shares of Corsair Gaming during the 3rd quarter worth approximately $262,000. Amalgamated Bank grew its stake in Corsair Gaming by 6.9% in the 3rd quarter. Amalgamated Bank now owns 19,357 shares of the company’s stock valued at $281,000 after buying an additional 1,243 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in Corsair Gaming in the 4th quarter valued at approximately $305,000. 25.66% of the stock is currently owned by institutional investors.

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.