Corsair Gaming (NASDAQ:CRSR) Reaches New 52-Week Low at $11.40

Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as $11.40 and last traded at $11.45, with a volume of 28866 shares. The stock had previously closed at $11.54.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CRSR shares. Wedbush reaffirmed an "outperform" rating and issued a $21.00 target price on shares of Corsair Gaming in a research note on Wednesday, February 7th. Stifel Nicolaus dropped their price target on shares of Corsair Gaming from $17.00 to $16.00 and set an "action list buy" rating on the stock in a research note on Wednesday, February 14th. Barclays lowered their target price on shares of Corsair Gaming from $20.00 to $17.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 14th. Finally, Robert W. Baird lowered their price objective on shares of Corsair Gaming from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, February 15th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $16.33.

Corsair Gaming Stock Performance

The company has a market capitalization of $1.16 billion, a P/E ratio of 384.79 and a beta of 1.61. The business has a 50-day moving average of $12.58 and a 200-day moving average of $13.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.13.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $417.29 million for the quarter, compared to the consensus estimate of $435.57 million. Corsair Gaming had a return on equity of 5.13% and a net margin of 0.15%. On average, sell-side analysts anticipate that Corsair Gaming, Inc. will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Corsair Gaming by 156.5% in the 1st quarter. BlackRock Inc. now owns 4,717,854 shares of the company's stock worth $99,829,000 after acquiring an additional 2,878,715 shares during the last quarter. FMR LLC raised its position in shares of Corsair Gaming by 95,492.2% during the 1st quarter. FMR LLC now owns 792,459 shares of the company's stock worth $14,542,000 after acquiring an additional 791,630 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Corsair Gaming by 21.1% during the 1st quarter. Vanguard Group Inc. now owns 3,977,924 shares of the company's stock worth $84,173,000 after acquiring an additional 692,493 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Corsair Gaming by 94.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,395,985 shares of the company's stock worth $19,683,000 after buying an additional 678,017 shares during the period. Finally, State Street Corp increased its position in Corsair Gaming by 98.2% during the first quarter. State Street Corp now owns 994,077 shares of the company's stock worth $21,035,000 after buying an additional 492,651 shares during the period. 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.