Corsair Gaming, Inc. (NASDAQ:CRSR) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Corsair Gaming, Inc. has received a consensus recommendation of "Moderate Buy" from six rating firms, with an average target price of $9.83.
• Institutional investors have been actively buying shares, with significant stakes acquired by Sunriver Management and Alyeska Investment Group among others, now owning 25.66% of the company's stock.
• The stock recently reported $320.11 million in quarterly revenue, surpassing expectations, and the company is guiding for a 2025 EPS of 0.22.

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) have received an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.8333.

Several equities analysts recently commented on CRSR shares. The Goldman Sachs Group dropped their price target on shares of Corsair Gaming from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Barclays upgraded Corsair Gaming to a "strong-buy" rating in a report on Friday, August 8th. Wall Street Zen upgraded Corsair Gaming from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Finally, Robert W. Baird set a $10.00 price target on Corsair Gaming in a research note on Wednesday, May 7th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Sunriver Management LLC purchased a new stake in Corsair Gaming during the first quarter worth approximately $16,733,000. Driehaus Capital Management LLC acquired a new position in shares of Corsair Gaming during the 1st quarter valued at $7,772,000. Alyeska Investment Group L.P. lifted its holdings in shares of Corsair Gaming by 302.3% during the 1st quarter. Alyeska Investment Group L.P. now owns 914,879 shares of the company's stock valued at $8,106,000 after acquiring an additional 687,477 shares in the last quarter. AQR Capital Management LLC boosted its position in Corsair Gaming by 328.9% during the 2nd quarter. AQR Capital Management LLC now owns 397,881 shares of the company's stock worth $3,752,000 after purchasing an additional 305,103 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Corsair Gaming by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 6,101,154 shares of the company's stock valued at $54,056,000 after purchasing an additional 287,795 shares in the last quarter. Hedge funds and other institutional investors own 25.66% of the company's stock.

Corsair Gaming Stock Down 3.0%

Shares of NASDAQ:CRSR opened at $8.66 on Wednesday. The stock's 50-day moving average price is $9.16 and its two-hundred day moving average price is $8.98. The company has a current ratio of 1.45, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. Corsair Gaming has a 12-month low of $5.59 and a 12-month high of $13.02. The firm has a market cap of $918.31 million, a price-to-earnings ratio of -10.69 and a beta of 1.77.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $320.11 million during the quarter, compared to analysts' expectations of $312.38 million. Corsair Gaming had a negative return on equity of 3.12% and a negative net margin of 6.00%.The firm's revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) EPS. Corsair Gaming has set its FY 2025 guidance at EPS. On average, research analysts forecast that Corsair Gaming will post 0.22 EPS for the current year.

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.

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