Corsair Gaming (NASDAQ:CRSR) Given New $9.00 Price Target at TD Cowen

Corsair Gaming (NASDAQ:CRSR) had its target price trimmed by TD Cowen from $10.00 to $9.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a hold rating on the stock.

Several other research analysts also recently commented on the company. Stifel Nicolaus lowered their target price on Corsair Gaming from $16.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Barclays decreased their price target on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday. Wedbush reissued an “outperform” rating and issued a $11.00 price objective on shares of Corsair Gaming in a research note on Tuesday, November 5th. The Goldman Sachs Group decreased their target price on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Robert W. Baird dropped their price target on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.14.

Corsair Gaming Trading Down 4.5 %

Shares of CRSR opened at $6.54 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 1.80. Corsair Gaming has a 52-week low of $5.59 and a 52-week high of $15.07. The firm has a market cap of $681.14 million, a price-to-earnings ratio of -7.27 and a beta of 1.59. The business’s fifty day moving average is $6.59 and its 200-day moving average is $8.61.

Institutional Trading of Corsair Gaming

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in Corsair Gaming by 995.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock worth $33,000 after buying an additional 4,312 shares during the period. Intech Investment Management LLC bought a new position in shares of Corsair Gaming during the third quarter worth about $77,000. SG Americas Securities LLC bought a new position in shares of Corsair Gaming during the third quarter worth about $101,000. Squarepoint Ops LLC acquired a new position in shares of Corsair Gaming in the second quarter worth approximately $121,000. Finally, Virtu Financial LLC bought a new stake in Corsair Gaming in the first quarter valued at approximately $162,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

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.