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

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the company, Marketbeat.com 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 12 month target price among brokers that have covered the stock in the last year is $10.00.

Several equities analysts recently weighed in on CRSR shares. Wedbush reissued an "outperform" rating and set a $13.00 price objective on shares of Corsair Gaming in a research report on Monday, May 5th. The Goldman Sachs Group dropped their price target on Corsair Gaming from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Barclays reduced their price objective on Corsair Gaming from $12.00 to $10.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Robert W. Baird set a $10.00 target price on shares of Corsair Gaming in a research report on Wednesday, May 7th. Finally, Wall Street Zen downgraded shares of Corsair Gaming from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CRSR. Goldman Sachs Group Inc. raised its stake in shares of Corsair Gaming by 83.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 449,779 shares of the company's stock valued at $3,985,000 after buying an additional 204,351 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Corsair Gaming by 12.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 95,538 shares of the company's stock valued at $846,000 after acquiring an additional 10,620 shares during the period. AQR Capital Management LLC raised its position in Corsair Gaming by 428.8% in the first quarter. AQR Capital Management LLC now owns 92,778 shares of the company's stock worth $822,000 after purchasing an additional 75,232 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in Corsair Gaming by 302.3% during the first quarter. Alyeska Investment Group L.P. now owns 914,879 shares of the company's stock worth $8,106,000 after purchasing an additional 687,477 shares during the period. Finally, Driehaus Capital Management LLC acquired a new stake in Corsair Gaming during the first quarter valued at approximately $7,772,000. 25.66% of the stock is owned by institutional investors.

Corsair Gaming Stock Performance

CRSR opened at $9.21 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 1.52. The company has a market cap of $974.60 million, a PE ratio of -9.90 and a beta of 1.77. The stock has a 50-day moving average of $8.01 and a 200-day moving average of $8.60. Corsair Gaming has a 52-week low of $5.60 and a 52-week high of $13.02.

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