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

Corsair Gaming, Inc. (NASDAQ:CRSR) has been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.33.

A number of brokerages recently commented on CRSR. Wedbush reiterated an “outperform” rating and issued a $21.00 price objective on shares of Corsair Gaming in a research report on Wednesday, February 7th. Stifel Nicolaus decreased their target price on Corsair Gaming from $17.00 to $16.00 and set an “action list buy” rating for the company in a research report on Wednesday, February 14th. Barclays decreased their target price on Corsair Gaming from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, February 14th. Finally, Robert W. Baird decreased their target price on Corsair Gaming from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, February 15th.

Corsair Gaming Price Performance

Shares of CRSR stock opened at $11.10 on Wednesday. The stock has a 50-day moving average price of $12.05 and a 200 day moving average price of $12.88. The company has a quick ratio of 1.13, a current ratio of 1.70 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 370.12 and a beta of 1.61. Corsair Gaming has a 12 month low of $10.59 and a 12 month high of $20.72.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $417.29 million during the quarter, compared to analyst estimates of $435.57 million. Corsair Gaming had a return on equity of 5.13% and a net margin of 0.15%. Research analysts expect that Corsair Gaming will post 0.43 EPS for the current year.

Hedge Funds Weigh In On Corsair Gaming

Several institutional investors have recently modified their holdings of the business. Amalgamated Bank lifted its holdings in shares of Corsair Gaming by 6.9% during the 3rd quarter. Amalgamated Bank now owns 19,357 shares of the company’s stock valued at $281,000 after purchasing an additional 1,243 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Corsair Gaming by 1.5% during the 3rd quarter. Swiss National Bank now owns 100,900 shares of the company’s stock valued at $1,466,000 after purchasing an additional 1,500 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Corsair Gaming by 6.6% in the 4th quarter. Vontobel Holding Ltd. now owns 25,897 shares of the company’s stock valued at $365,000 after acquiring an additional 1,612 shares in the last quarter. Rhumbline Advisers lifted its stake in Corsair Gaming by 1.6% in the 3rd quarter. Rhumbline Advisers now owns 117,404 shares of the company’s stock valued at $1,706,000 after acquiring an additional 1,871 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in Corsair Gaming by 8.0% in the 4th quarter. Illinois Municipal Retirement Fund now owns 25,931 shares of the company’s stock valued at $366,000 after acquiring an additional 1,931 shares in the last quarter. Institutional investors own 25.66% of the company’s stock.

About Corsair Gaming

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.