Corsair Gaming (NASDAQ:CRSR) Given “Outperform” Rating at Wedbush

Wedbush reiterated their outperform rating on shares of Corsair Gaming (NASDAQ:CRSR) in a research note released on Tuesday, RTT News reports. They currently have a $11.00 target price on the stock.

A number of other research analysts have also recently commented on the company. Barclays decreased their price objective on Corsair Gaming from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. The Goldman Sachs Group decreased their price objective on Corsair Gaming from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Robert W. Baird decreased their price objective on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. Finally, Stifel Nicolaus decreased their price objective on Corsair Gaming from $16.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.60.

Corsair Gaming Price Performance

Shares of Corsair Gaming stock opened at $6.88 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.26. Corsair Gaming has a twelve month low of $5.59 and a twelve month high of $15.07. The business has a 50-day moving average price of $6.60 and a 200 day moving average price of $8.71. The firm has a market cap of $716.55 million, a PE ratio of -18.59 and a beta of 1.59.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Corsair Gaming by 995.8% during the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock worth $33,000 after acquiring an additional 4,312 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Corsair Gaming during the third quarter worth $101,000. Squarepoint Ops LLC purchased a new stake in shares of Corsair Gaming during the second quarter worth $121,000. Virtu Financial LLC purchased a new stake in shares of Corsair Gaming during the first quarter worth $162,000. Finally, PEAK6 Investments LLC increased its position in shares of Corsair Gaming by 144.3% during the first quarter. PEAK6 Investments LLC now owns 13,313 shares of the company’s stock worth $164,000 after acquiring an additional 43,393 shares during the period. 25.66% of the stock is currently owned by institutional investors and hedge funds.

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.