Corsair Gaming (NASDAQ:CRSR) Price Target Lowered to $14.00 at Barclays

Corsair Gaming (NASDAQ:CRSR) had its target price lowered by equities research analysts at Barclays from $17.00 to $14.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 85.19% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $18.00 price objective on shares of Corsair Gaming in a research report on Wednesday, May 8th. Stifel Nicolaus lowered their price target on Corsair Gaming from $16.00 to $11.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, Robert W. Baird dropped their price objective on Corsair Gaming from $14.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.83.

Corsair Gaming Trading Down 4.2 %

Shares of NASDAQ CRSR opened at $7.56 on Friday. Corsair Gaming has a fifty-two week low of $7.56 and a fifty-two week high of $18.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.08 and a current ratio of 1.82. The company has a market cap of $785.56 million, a price-to-earnings ratio of -94.50 and a beta of 1.60. The business’s 50 day moving average price is $10.36 and its 200-day moving average price is $11.60.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). Corsair Gaming had a negative net margin of 0.58% and a positive return on equity of 4.70%. The business had revenue of $337.26 million during the quarter, compared to the consensus estimate of $364.15 million. On average, sell-side analysts expect that Corsair Gaming will post 0.31 earnings per share for the current year.

Institutional Trading of Corsair Gaming

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Corsair Gaming by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,429,071 shares of the company’s stock worth $78,884,000 after acquiring an additional 149,947 shares in the last quarter. Capstone Investment Advisors LLC raised its holdings in 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Corsair Gaming by 23.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,633,973 shares of the company’s stock valued at $23,040,000 after buying an additional 305,602 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Corsair Gaming in the fourth quarter valued at approximately $177,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Corsair Gaming during the first quarter worth about $1,318,000. Hedge funds and other institutional investors 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.