Corsair Gaming's (CRSR) Outperform Rating Reaffirmed at Wedbush

Wedbush restated their outperform rating on shares of Corsair Gaming (NASDAQ:CRSR - Free Report) in a research note released on Wednesday morning, Benzinga reports. The firm currently has a $18.00 price objective on the stock.

Several other brokerages also recently weighed in on CRSR. Stifel Nicolaus lowered their target price on shares of Corsair Gaming from $17.00 to $16.00 and set an action list buy rating on the stock in a report on Wednesday, February 14th. Barclays reduced their price target on Corsair Gaming from $20.00 to $17.00 and set an overweight rating for the company in a report on Wednesday, February 14th. Finally, Robert W. Baird dropped their price objective on Corsair Gaming from $15.00 to $14.00 and set a neutral rating on the stock in a report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $15.83.

Corsair Gaming Stock Down 8.2 %

Corsair Gaming stock traded down $0.97 during mid-day trading on Wednesday, reaching $10.79. 903,909 shares of the company's stock were exchanged, compared to its average volume of 353,743. The company has a market cap of $1.12 billion, a P/E ratio of 359.79 and a beta of 1.61. The company has a quick ratio of 1.13, a current ratio of 1.70 and a debt-to-equity ratio of 0.27. Corsair Gaming has a twelve month low of $10.31 and a twelve month high of $20.72. The company has a fifty day moving average of $11.90 and a 200-day moving average of $12.82.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 5.13% and a net margin of 0.15%. Sell-side analysts expect that Corsair Gaming will post 0.43 EPS for the current year.

Institutional Trading of Corsair Gaming

A number of hedge funds have recently bought and sold shares of the company. Covestor Ltd grew its holdings in Corsair Gaming by 23,240.0% in the third quarter. Covestor Ltd now owns 2,334 shares of the company's stock valued at $34,000 after purchasing an additional 2,324 shares during the period. SG Americas Securities LLC purchased a new stake in Corsair Gaming during the fourth quarter valued at about $177,000. Victory Capital Management Inc. acquired a new stake in Corsair Gaming during the third quarter worth about $262,000. Amalgamated Bank raised its holdings in shares of Corsair Gaming by 6.9% in the 3rd quarter. Amalgamated Bank now owns 19,357 shares of the company's stock worth $281,000 after purchasing an additional 1,243 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Corsair Gaming in the 4th quarter worth about $305,000. Institutional investors and hedge funds 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.