NASDAQ:CRSR

Corsair Gaming (CRSR) Stock Forecast, Price & News

$14.53

+0.06 (+0.41%)

(As of 09/29/2023 ET)

Compare

Today's Range: $14.46
▼
$14.73
50-Day Range: $14.31
▼
$18.64
52-Week Range: $10.96
▼
$20.72

Volume: 321,581 shs
Average Volume: 288,357 shs
Market Capitalization: $1.49 billion

P/E Ratio: 484.49
Dividend Yield: N/A
Price Target: $19.33

Corsair Gaming MarketRank™ Forecast

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 33.1% Upside
$19.33 Price Target
Short Interest: Healthy
5.66% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.74
Upright™ Environmental Score
News Sentiment: 1.03
Based on 8 Articles This Week
Insider Trading: Selling Shares
$227,906 Sold Last Quarter
Proj. Earnings Growth: 54.05%
From $0.37 to $0.57 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Consumer Discretionary Sector

101st out of 271 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

3rd out of 13 stocks

3.2

Analyst's Opinion

Consensus Rating
Corsair Gaming has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $19.33, Corsair Gaming has a forecasted upside of 33.1% from its current price of $14.53.
Amount of Analyst Coverage
Corsair Gaming has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
5.66% of the float of Corsair Gaming has been sold short.
Short Interest Ratio / Days to Cover
Corsair Gaming has a short interest ratio ("days to cover") of 6.7.
Change versus previous month
Short interest in Corsair Gaming has recently decreased by 10.99%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Corsair Gaming does not currently pay a dividend.
Dividend Growth
Corsair Gaming does not have a long track record of dividend growth.

2.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Corsair Gaming has received a 10.24% net impact score from Upright. Corsair Gaming seems to create the most significant positive value in categories "Taxes", "Jobs", and "Meaning & joy". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "Microphones", "Headphones and earphones", and "Desktop computers" products. See details.
Environmental Sustainability
The Environmental Impact score for Corsair Gaming is -1.74.

3.9

News and Social Media Coverage

News Sentiment
Corsair Gaming has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Corsair Gaming this week, compared to 3 articles on an average week.
Search Interest
4 people have searched for CRSR on MarketBeat in the last 30 days.
MarketBeat Follows
93 people have added Corsair Gaming to their MarketBeat watchlist in the last 30 days. This is an increase of 4,550% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Corsair Gaming insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $227,906.00 in company stock.
Percentage Held by Insiders
65.23% of the stock of Corsair Gaming is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 24.20% of the stock of Corsair Gaming is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Corsair Gaming are expected to grow by 54.05% in the coming year, from $0.37 to $0.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Corsair Gaming is 484.49, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 111.42.
Price to Earnings Ratio vs. Sector
The P/E ratio of Corsair Gaming is 484.49, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.59.
Price to Book Value per Share Ratio
Corsair Gaming has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Corsair Gaming (NASDAQ:CRSR) Stock

Corsair Gaming, Inc., together with its subsidiaries, designs, markets, and distributes 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, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software. The company also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs, and others; and PC gaming software comprising iCUE for gamers and Elgato's streaming suite for streamers and content creators. In addition, it offers coaching and training, and other services. The company sells its products through a network of distributors and retailers, including online retailers, as well as directly to consumers through its website. Corsair Gaming, Inc. was incorporated in 1994 and is headquartered in Milpitas, California. Corsair Gaming, Inc. is a subsidiary of Corsair Group (Cayman), LP.

CRSR Price History

30 days | 90 days | 365 days | Advanced Chart

CRSR Stock News Headlines

September 29, 2023 | msn.com

Watch a PC noob make a dream machine with Corsair’s Build Kit, live

September 28, 2023 | forbes.com

Corsair Build Kit Impressions: If You Build It, Cable Management Will Come (Maybe)

September 30, 2023 | Chaikin Analytics (Ad)

His system isolated NVIDIA - Here's His Next Buy.

Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.

September 27, 2023 | yahoo.com

Corsair's Dominator Titanium DDR5 Launches at Up to DDR5-8000 Speeds and 192GB Capacity

September 26, 2023 | finance.yahoo.com

Luxury. Performance. Own Both – CORSAIR Launches DOMINATOR TITANIUM DDR5 Memory

September 24, 2023 | msn.com

Corsair's Virtuoso Pro Is A Phenomenal Headset If You're Still Living The Wired Life

September 22, 2023 | msn.com

Corsair Virtuoso Pro review: Fantastic headset for gamers and streamers

September 21, 2023 | msn.com

Corsair Virtuoso Pro review: Open-back gaming headset? Don’t mind if I do

September 30, 2023 | Chaikin Analytics (Ad)

His system isolated NVIDIA - Here's His Next Buy.

Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.

September 20, 2023 | msn.com

Corsair Virtuoso Pro Gaming Headset Review

September 19, 2023 | finance.yahoo.com

Insider Sell: CFO Michael Potter Sells 10,000 Shares of Corsair Gaming Inc

September 19, 2023 | finance.yahoo.com

Hear What Matters – Introducing the CORSAIR VIRTUOSO PRO Open Back Streaming/Gaming Headset

September 18, 2023 | msn.com

Corsair, Logitech, Razer, and Sony gaming headset prices slashed

September 14, 2023 | finance.yahoo.com

Are Corsair Gaming, Inc. (NASDAQ:CRSR) Investors Paying Above The Intrinsic Value?

September 12, 2023 | finance.yahoo.com

Drop Announces Major V2 Enhancements to Fan-Favorite CTRL, ALT, and SHIFT Keyboards

September 11, 2023 | msn.com

Save 26% on this futuristic-looking Corsair mechanical keyboard

September 6, 2023 | msn.com

Corsair Gaming: Leading Player In A Growing Space, But I Remain Cautious For Now

September 2, 2023 | msn.com

Corsair's most popular products are discounted for Labor Day

September 1, 2023 | msn.com

Best Corsair Keyboards for Gaming in 2023

August 31, 2023 | businesswire.com

With Starfield ™ Drop, Bethesda Game Studios and Elgato Unveil New Hardware Partnership

August 31, 2023 | finance.yahoo.com

With Starfield™ Drop, Bethesda Game Studios and Elgato Unveil New Hardware Partnership

August 25, 2023 | finance.yahoo.com

Is Now An Opportune Moment To Examine Corsair Gaming, Inc. (NASDAQ:CRSR)?

August 23, 2023 | tmcnet.com

Elevate Your Workspace - CORSAIR Announces Platform:6 Modular Computer Desk

August 23, 2023 | msn.com

Corsair’s new standing desk might finally tempt me to buy one

August 23, 2023 | msn.com

Corsair’s first standing desk is designed for gaming, streaming, and more

August 23, 2023 | finance.yahoo.com

Elevate Your Workspace – CORSAIR Announces Platform:6 Modular Computer Desk

August 11, 2023 | finance.yahoo.com

Forge Your Legacy: CORSAIR Launches New Keyboard and Headset for Superior Customization and Control

See More Headlines

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CRSR Company Calendar

Last Earnings: 8/03/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer peripheral equipment, not elsewhere classified
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:CRSR
CUSIP: N/A
CIK: 1743759
Web: www.corsair.com
Phone: 510-657-8747
Fax: N/A
Employees: 2,480
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $19.33
High Stock Price Forecast: $21.00
Low Stock Price Forecast: $16.00
Forecasted Upside/Downside: +33.1%
Consensus Rating: Hold
Rating Score (0-4): 2.40
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.03
Trailing P/E Ratio: 484.49
Forward P/E Ratio: 39.27
P/E Growth: N/A
Net Income: $-60,920,000.00
Net Margins: -0.22%
Pretax Margin: -0.87%
Return on Equity: 4.66%
Return on Assets: 2.25%

Debt

Debt-to-Equity Ratio: 0.33
Current Ratio: 1.81
Quick Ratio: 1.23

Sales & Book Value

Annual Sales: $1.38 billion
Price / Sales: 1.09
Cash Flow: $0.58 per share
Price / Cash Flow: 25.25
Book Value: $6.61 per share
Price / Book: 2.20

Miscellaneous

Outstanding Shares: 102,780,000
Free Float: 35,737,000
Market Cap: $1.49 billion
Optionable: Not Optionable
Beta: 1.73

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Key Executives

Mr. Andrew J. Paul (Age 66)
Co-Founder, CEO & Director
Comp: $719.93k

Ms. Thi L. La (Age 58)
Pres, COO & Director
Comp: $574.6k

Mr. Michael G. Potter (Age 56)
CFO & Principal Accounting Officer
Comp: $536.6k

Mr. Ronald Van Veen
VP of Fin. & Investor Relations

Ms. Carina M. Tan
VP & Gen. Counsel

Michael Buchanan
Sr. VP of Worldwide Sales

Mr. Peter E. Hilliard (Age 56)
Chief HR Officer

Mr. Bertrand Chevalier (Age 51)
Exec. VP of Gaming Products

Matthew Hsu
Sr. VP of System Products

Julian Fest
Sr. VP of Streaming Products

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CRSR Stock - Frequently Asked Questions

Should I buy or sell Corsair Gaming stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Corsair Gaming in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CRSR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CRSR, but not buy additional shares or sell existing shares.
View CRSR analyst ratings or view top-rated stocks.
What is Corsair Gaming's stock price forecast for 2023?: 5 Wall Street analysts have issued 12-month target prices for Corsair Gaming's stock. Their CRSR share price forecasts range from $16.00 to $21.00. On average, they anticipate the company's share price to reach $19.33 in the next year. This suggests a possible upside of 33.1% from the stock's current price.
View analysts price targets for CRSR or view top-rated stocks among Wall Street analysts.
How have CRSR shares performed in 2023?: Corsair Gaming's stock was trading at $13.57 at the beginning of 2023. Since then, CRSR shares have increased by 7.1% and is now trading at $14.53.
View the best growth stocks for 2023 here.
Are investors shorting Corsair Gaming?: Corsair Gaming saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,430,000 shares, a decrease of 11.0% from the August 31st total of 2,730,000 shares. Based on an average daily volume of 362,900 shares, the short-interest ratio is presently 6.7 days. Approximately 5.7% of the shares of the company are sold short.
View Corsair Gaming's Short Interest.
When is Corsair Gaming's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our CRSR earnings forecast.
How were Corsair Gaming's earnings last quarter?: Corsair Gaming, Inc. (NASDAQ:CRSR) released its earnings results on Thursday, August, 3rd. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by $0.03. The firm earned $325.43 million during the quarter, compared to analyst estimates of $317.39 million. Corsair Gaming had a positive trailing twelve-month return on equity of 4.66% and a negative net margin of 0.22%.
What ETFs hold Corsair Gaming's stock?: ETFs with the largest weight of Corsair Gaming (NASDAQ:CRSR) stock in their portfolio include Wedbush ETFMG Video Game Tech ETF (GAMR).Global X Video Games & Esports ETF (HERO).
What guidance has Corsair Gaming issued on next quarter's earnings?: Corsair Gaming updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.35 billion-$1.55 billion, compared to the consensus revenue estimate of $1.47 billion.

What other stocks do shareholders of Corsair Gaming own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Corsair Gaming investors own include FedEx (FDX), Equity Residential (EQR), Eventbrite (EB), DraftKings (DKNG), Caesars Entertainment (CZR), Costco Wholesale (COST), Chipotle Mexican Grill (CMG), Bloomin' Brands (BLMN), Avid Technology (AVID) and ARK Innovation ETF (ARKK).
When did Corsair Gaming IPO?: (CRSR) raised $238 million in an IPO on Wednesday, September 23rd 2020. The company issued 14,000,000 shares at a price of $16.00-$18.00 per share. Goldman Sachs, Barclays, Credit Suisse, Macquarie, Baird, Cowan and Stifel served as the underwriters for the IPO and Wedbush Securities and Academy Securities, were co-managers.
What is Corsair Gaming's stock symbol?: Corsair Gaming trades on the NASDAQ under the ticker symbol "CRSR."
How do I buy shares of Corsair Gaming?: Shares of CRSR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Corsair Gaming's stock price today?: One share of CRSR stock can currently be purchased for approximately $14.53.
How much money does Corsair Gaming make?: Corsair Gaming (NASDAQ:CRSR) has a market capitalization of $1.49 billion and generates $1.38 billion in revenue each year. The company earns $-60,920,000.00 in net income (profit) each year or $0.03 on an earnings per share basis.
How many employees does Corsair Gaming have?: The company employs 2,480 workers across the globe.
How can I contact Corsair Gaming?: The official website for the company is www.corsair.com. The company can be reached via phone at 510-657-8747 or via email at ir@corsair.com.

This page (NASDAQ:CRSR) was last updated on 9/30/2023 by MarketBeat.com Staff

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