Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $10.00 Average Target Price from Analysts

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $10.00.

A number of brokerages have recently commented on CRSR. The Goldman Sachs Group dropped their price objective on shares of Corsair Gaming from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Wedbush reissued an "outperform" rating and issued a $13.00 price target on shares of Corsair Gaming in a research note on Monday, May 5th. Robert W. Baird set a $10.00 price target on shares of Corsair Gaming in a research note on Wednesday, May 7th. Wall Street Zen raised shares of Corsair Gaming from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Finally, Barclays dropped their price target on shares of Corsair Gaming from $12.00 to $10.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th.

Corsair Gaming Stock Performance

CRSR traded down $0.18 during trading on Tuesday, reaching $9.45. 470,301 shares of the company's stock were exchanged, compared to its average volume of 760,933. Corsair Gaming has a 1 year low of $5.60 and a 1 year high of $13.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.52 and a quick ratio of 0.85. The stock has a market capitalization of $1,000.00 million, a P/E ratio of -10.16 and a beta of 1.77. The company's fifty day simple moving average is $8.97 and its 200-day simple moving average is $8.90.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The firm had revenue of $369.75 million for the quarter, compared to analyst estimates of $366.20 million. Corsair Gaming had a negative return on equity of 4.65% and a negative net margin of 7.20%. Corsair Gaming's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. As a group, research analysts predict that Corsair Gaming will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRSR. Charles Schwab Investment Management Inc. raised its holdings in shares of Corsair Gaming by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 397,801 shares of the company's stock worth $2,629,000 after acquiring an additional 15,067 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Corsair Gaming during the 4th quarter worth $90,000. PNC Financial Services Group Inc. raised its holdings in Corsair Gaming by 220.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company's stock valued at $33,000 after buying an additional 3,414 shares during the period. Amundi raised its holdings in Corsair Gaming by 233.3% in the 4th quarter. Amundi now owns 21,642 shares of the company's stock valued at $143,000 after buying an additional 15,149 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in Corsair Gaming in the 4th quarter valued at about $75,000. Hedge funds and other institutional investors 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.