Corsair Gaming, Inc. (NASDAQ:CRSR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Corsair Gaming, Inc. (NASDAQ:CRSR) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $9.14.

Several analysts have commented on CRSR shares. The Goldman Sachs Group cut their target price on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Robert W. Baird reduced their price objective on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. Barclays lowered their target price on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Wedbush restated an “outperform” rating and set a $11.00 target price on shares of Corsair Gaming in a research note on Tuesday, November 5th. Finally, Macquarie reduced their price target on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, November 8th.

Corsair Gaming Price Performance

Shares of CRSR opened at $6.71 on Friday. The company has a market capitalization of $702.54 million, a P/E ratio of -7.46 and a beta of 1.62. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $6.97 and a 200 day moving average of $7.64. Corsair Gaming has a twelve month low of $5.59 and a twelve month high of $14.59.

Hedge Funds Weigh In On Corsair Gaming

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA lifted its position in Corsair Gaming by 85.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock valued at $28,104,000 after purchasing an additional 1,857,532 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Corsair Gaming in the third quarter worth about $1,094,000. Main Management ETF Advisors LLC purchased a new position in shares of Corsair Gaming during the 3rd quarter valued at about $735,000. Creative Planning grew its stake in shares of Corsair Gaming by 579.2% during the 3rd quarter. Creative Planning now owns 82,182 shares of the company’s stock valued at $572,000 after acquiring an additional 70,083 shares during the period. Finally, Quest Partners LLC purchased a new stake in Corsair Gaming in the 3rd quarter worth approximately $462,000. 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.