Brokerages Set Corsair Gaming, Inc. (NASDAQ:CRSR) Target Price at $16.33

Corsair Gaming, Inc. (NASDAQ:CRSR) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $16.33.

Several equities research analysts have issued reports on CRSR shares. Stifel Nicolaus decreased their price objective on shares of Corsair Gaming from $17.00 to $16.00 and set an “action list buy” rating for the company in a research note on Wednesday, February 14th. Robert W. Baird decreased their price target 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. Wedbush reissued an “outperform” rating and issued a $21.00 price objective on shares of Corsair Gaming in a research report on Wednesday, February 7th. Finally, Barclays decreased their target price on Corsair Gaming from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, February 14th.

Institutional Trading of Corsair Gaming

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Corsair Gaming by 2.8% in the third quarter. Vanguard Group Inc. now owns 5,429,071 shares of the company’s stock valued at $78,884,000 after purchasing an additional 149,947 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Corsair Gaming during the fourth quarter worth approximately $177,000. Mirabella Financial Services LLP bought a new stake in shares of Corsair Gaming in the third quarter worth $1,421,000. Swiss National Bank raised its holdings in Corsair Gaming by 1.5% in the third quarter. Swiss National Bank now owns 100,900 shares of the company’s stock valued at $1,466,000 after acquiring an additional 1,500 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Corsair Gaming in the third quarter valued at $840,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

Corsair Gaming Price Performance

Shares of Corsair Gaming stock opened at $11.61 on Wednesday. The business’s fifty day moving average price is $11.97 and its 200 day moving average price is $12.86. Corsair Gaming has a twelve month low of $10.59 and a twelve month high of $20.72. The company has a current ratio of 1.70, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.21 billion, a P/E ratio of 383.13 and a beta of 1.61.

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

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.