Corsair Gaming (NASDAQ:CRSR) Price Target Increased to $19.00 by Analysts at Stifel Nicolaus

Corsair Gaming (NASDAQ:CRSR – Get Rating) had its target price boosted by Stifel Nicolaus from $18.00 to $19.00 in a note issued to investors on Thursday, The Fly reports. Stifel Nicolaus’ price objective would suggest a potential upside of 0.69% from the stock’s previous close.

A number of other equities analysts have also commented on CRSR. Wedbush lowered shares of Corsair Gaming from an “outperform” rating to a “neutral” rating and set a $17.00 price target on the stock. in a report on Monday, February 6th. Barclays increased their price target on shares of Corsair Gaming from $19.00 to $21.00 in a report on Thursday. The Goldman Sachs Group began coverage on shares of Corsair Gaming in a report on Sunday, April 16th. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Robert W. Baird increased their price target on shares of Corsair Gaming from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, February 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.50.

Corsair Gaming Stock Performance

NASDAQ CRSR opened at $18.87 on Thursday. Corsair Gaming has a 1 year low of $10.96 and a 1 year high of $19.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.82 and a quick ratio of 1.25. The stock has a market capitalization of $1.93 billion, a PE ratio of -29.48 and a beta of 1.84. The company’s 50 day simple moving average is $17.33 and its two-hundred day simple moving average is $16.23.

Corsair Gaming (NASDAQ:CRSR – Get Rating) last posted its earnings results on Thursday, February 9th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. Corsair Gaming had a negative net margin of 4.85% and a positive return on equity of 0.04%. The business had revenue of $398.73 million for the quarter, compared to analysts’ expectations of $376.54 million. Analysts predict that Corsair Gaming will post 0.41 earnings per share for the current fiscal year.

Insider Activity at Corsair Gaming

In related news, COO Thi L. La sold 5,000 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $18.14, for a total transaction of $90,700.00. Following the transaction, the chief operating officer now owns 231,840 shares of the company’s stock, valued at approximately $4,205,577.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 61.01% of the stock is owned by insiders.

Institutional Investors Weigh In On Corsair Gaming

Several institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in Corsair Gaming by 2.0% during the 1st quarter. Renaissance Technologies LLC now owns 329,000 shares of the company’s stock valued at $6,037,000 after buying an additional 6,300 shares during the period. Stifel Financial Corp boosted its position in Corsair Gaming by 22.3% during the 1st quarter. Stifel Financial Corp now owns 66,302 shares of the company’s stock valued at $1,217,000 after buying an additional 12,092 shares during the period. BlackRock Inc. boosted its position in Corsair Gaming by 3.2% during the 1st quarter. BlackRock Inc. now owns 6,265,716 shares of the company’s stock valued at $114,976,000 after buying an additional 196,315 shares during the period. Bank of America Corp DE boosted its position in Corsair Gaming by 273.6% during the 1st quarter. Bank of America Corp DE now owns 134,080 shares of the company’s stock valued at $2,460,000 after buying an additional 98,190 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Corsair Gaming by 2,100.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 494,503 shares of the company’s stock valued at $9,074,000 after buying an additional 472,027 shares during the period. Hedge funds and other institutional investors own 81.55% of the company’s stock.

About Corsair Gaming

(Get Rating)

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. The company 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.