Corsair Gaming (NASDAQ:CRSR) Upgraded at Wall Street Zen

Corsair Gaming (NASDAQ:CRSR - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Friday.

A number of other brokerages also recently commented on CRSR. The Goldman Sachs Group reduced their price target on Corsair Gaming from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Barclays reduced their price target on Corsair Gaming from $12.00 to $10.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Wedbush reissued an "outperform" rating and issued a $13.00 price target on shares of Corsair Gaming in a report on Monday, May 5th. Finally, Robert W. Baird set a $10.00 price objective on Corsair Gaming in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.00.

Corsair Gaming Stock Down 1.0%

Shares of CRSR traded down $0.10 during midday trading on Friday, reaching $9.43. 503,583 shares of the company were exchanged, compared to its average volume of 760,168. The stock has a 50-day moving average price of $8.39 and a 200-day moving average price of $8.67. Corsair Gaming has a 1-year low of $5.60 and a 1-year high of $13.02. The company has a current ratio of 1.52, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22.

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). 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 analyst estimates of $366.20 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The company's revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts expect that Corsair Gaming will post 0.22 EPS for the current fiscal year.

Institutional Trading of Corsair Gaming

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in shares of Corsair Gaming by 220.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,965 shares of the company's stock worth $33,000 after purchasing an additional 3,414 shares during the period. BNP Paribas bought a new position in Corsair Gaming in the 4th quarter worth approximately $33,000. Quarry LP bought a new position in Corsair Gaming in the 4th quarter worth approximately $34,000. KLP Kapitalforvaltning AS bought a new position in Corsair Gaming in the 4th quarter worth approximately $50,000. Finally, Quadrant Capital Group LLC grew its holdings in Corsair Gaming by 45.8% in the 4th quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company's stock worth $53,000 after buying an additional 2,538 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors and hedge funds.

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.