Brokerages Set Corsair Gaming, Inc. (NASDAQ:CRSR) Price Target at $15.83

Shares of Corsair Gaming, Inc. (NASDAQ:CRSRGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $15.83.

Separately, Wedbush reiterated an “outperform” rating and set a $18.00 price objective on shares of Corsair Gaming in a research note on Wednesday, May 8th.

View Our Latest Stock Report on Corsair Gaming

Hedge Funds Weigh In On Corsair Gaming

A number of large investors have recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of Corsair Gaming by 23,240.0% during the third quarter. Covestor Ltd now owns 2,334 shares of the company’s stock valued at $34,000 after buying an additional 2,324 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Corsair Gaming during the 4th quarter worth approximately $177,000. Virtu Financial LLC purchased a new stake in Corsair Gaming during the first quarter valued at approximately $162,000. PEAK6 Investments LLC boosted its stake in Corsair Gaming by 144.3% in the first quarter. PEAK6 Investments LLC now owns 13,313 shares of the company’s stock valued at $164,000 after acquiring an additional 43,393 shares in the last quarter. Finally, EntryPoint Capital LLC boosted its stake in Corsair Gaming by 286.4% in the first quarter. EntryPoint Capital LLC now owns 17,041 shares of the company’s stock valued at $210,000 after acquiring an additional 12,631 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors.

Corsair Gaming Price Performance

CRSR opened at $10.98 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 0.25. The business’s fifty day simple moving average is $11.24 and its 200-day simple moving average is $12.47. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -137.25 and a beta of 1.61. Corsair Gaming has a 12-month low of $10.31 and a 12-month high of $18.83.

Corsair Gaming (NASDAQ:CRSRGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). Corsair Gaming had a positive return on equity of 4.70% and a negative net margin of 0.58%. The business had revenue of $337.26 million for the quarter, compared to the consensus estimate of $364.15 million. On average, equities research analysts anticipate that Corsair Gaming will post 0.44 earnings per share for the current fiscal year.

About Corsair Gaming

(Get Free Report

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.

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Analyst Recommendations for Corsair Gaming (NASDAQ:CRSR)

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