Analysts Set Corsair Gaming, Inc. (NASDAQ:CRSR) Price Target at $15.83

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $15.17.

A number of research analysts recently issued reports on CRSR shares. Robert W. Baird decreased their target price on shares of Corsair Gaming from $14.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday. Wedbush reissued an “outperform” rating and issued a $18.00 price objective on shares of Corsair Gaming in a report on Wednesday, May 8th.

Corsair Gaming Trading Down 11.8 %

Shares of NASDAQ:CRSR opened at $8.57 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 0.25. Corsair Gaming has a 52-week low of $8.12 and a 52-week high of $18.83. The stock has a market cap of $890.51 million, a price-to-earnings ratio of -107.13 and a beta of 1.59. The business has a 50-day moving average price of $10.92 and a 200-day moving average price of $11.92.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $337.26 million for the quarter, compared to analysts’ expectations of $364.15 million. Corsair Gaming had a positive return on equity of 4.70% and a negative net margin of 0.58%. Equities analysts predict that Corsair Gaming will post 0.44 EPS for the current year.

Institutional Trading of Corsair Gaming

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRSR. Virtu Financial LLC acquired a new position in shares of Corsair Gaming in the first quarter worth about $162,000. Price T Rowe Associates Inc. MD increased its stake in shares of Corsair Gaming by 7.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company’s stock valued at $250,000 after purchasing an additional 1,348 shares in the last quarter. PEAK6 Investments LLC raised its holdings in Corsair Gaming by 144.3% in the 1st quarter. PEAK6 Investments LLC now owns 13,313 shares of the company’s stock worth $164,000 after purchasing an additional 43,393 shares during the period. EntryPoint Capital LLC boosted its position in Corsair Gaming by 286.4% during the first quarter. EntryPoint Capital LLC now owns 17,041 shares of the company’s stock worth $210,000 after purchasing an additional 12,631 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Corsair Gaming by 1.2% in the first quarter. Vanguard Group Inc. now owns 5,485,063 shares of the company’s stock valued at $67,686,000 after purchasing an additional 64,373 shares during the period. 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.