Corsair Gaming, Inc. (NASDAQ:CRSR) Given Average Rating of "Moderate Buy" by Analysts

Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $16.33.

A number of research firms have recently issued reports on CRSR. Robert W. Baird reduced their price target on shares of Corsair Gaming from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, February 15th. Barclays reduced their price target on shares of Corsair Gaming from $20.00 to $17.00 and set an "overweight" rating for the company in a research report on Wednesday, February 14th. Stifel Nicolaus reduced their price target on shares of Corsair Gaming from $17.00 to $16.00 and set an "action list buy" rating for the company in a research report on Wednesday, February 14th. Finally, Wedbush reissued an "outperform" rating and issued a $21.00 price target on shares of Corsair Gaming in a research report on Wednesday, February 7th.

Corsair Gaming Trading Up 0.6 %

CRSR stock traded up $0.07 during mid-day trading on Friday, reaching $11.84. 227,338 shares of the stock traded hands, compared to its average volume of 298,071. The company has a current ratio of 1.70, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27. Corsair Gaming has a 52-week low of $11.45 and a 52-week high of $20.72. The company has a market cap of $1.22 billion, a P/E ratio of 394.80 and a beta of 1.61. The stock's fifty day moving average is $12.69 and its 200-day moving average is $13.24.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The firm had revenue of $417.29 million for the quarter, compared to analysts' expectations of $435.57 million. Corsair Gaming had a net margin of 0.15% and a return on equity of 5.13%. As a group, sell-side analysts expect that Corsair Gaming will post 0.43 earnings per share for the current year.

Insiders Place Their Bets

In other Corsair Gaming news, COO Thi L. La sold 3,837 shares of Corsair Gaming stock in a transaction on Monday, January 8th. The shares were sold at an average price of $14.00, for a total transaction of $53,718.00. Following the sale, the chief operating officer now owns 212,994 shares in the company, valued at $2,981,916. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 65.23% of the company's stock.

Institutional Investors Weigh In On Corsair Gaming

Institutional investors have recently bought and sold shares of the business. Mirabella Financial Services LLP bought a new position in shares of Corsair Gaming in the third quarter valued at about $1,421,000. Swiss National Bank raised its holdings in shares of Corsair Gaming by 1.5% in the third quarter. Swiss National Bank now owns 100,900 shares of the company's stock valued at $1,466,000 after buying an additional 1,500 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Corsair Gaming in the third quarter valued at about $840,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Corsair Gaming by 59.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 717,968 shares of the company's stock valued at $10,432,000 after buying an additional 268,353 shares during the last quarter. Finally, Dark Forest Capital Management LP raised its holdings in Corsair Gaming by 302.1% during the 3rd quarter. Dark Forest Capital Management LP now owns 71,449 shares of the company's stock worth $1,038,000 after purchasing an additional 53,682 shares during the last quarter. Institutional investors and hedge funds own 25.66% of the company's stock.

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.