Corsair Gaming (NASDAQ:CRSR) Sets New 12-Month Low at $10.30

Corsair Gaming, Inc. (NASDAQ:CRSR) reached a new 52-week low on Tuesday . The stock traded as low as $10.30 and last traded at $10.32, with a volume of 372441 shares traded. The stock had previously closed at $10.48.

Analyst Ratings Changes

Separately, Wedbush restated an “outperform” rating and issued a $18.00 price target on shares of Corsair Gaming in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.83.

Corsair Gaming Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.08 and a current ratio of 1.82. The company has a market capitalization of $1.07 billion, a PE ratio of -131.00 and a beta of 1.59. The company has a 50 day moving average price of $11.24 and a 200 day moving average price of $12.34.

Corsair Gaming (NASDAQ:CRSR) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). Corsair Gaming had a negative net margin of 0.58% and a positive return on equity of 4.70%. The firm had revenue of $337.26 million during the quarter, compared to the consensus estimate of $364.15 million. Equities analysts forecast that Corsair Gaming, Inc. will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Corsair Gaming by 2.8% in the third quarter. Vanguard Group Inc. now owns 5,429,071 shares of the company’s stock worth $78,884,000 after acquiring an additional 149,947 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Corsair Gaming by 23.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,633,973 shares of the company’s stock valued at $23,040,000 after purchasing an additional 305,602 shares during the period. SG Americas Securities LLC bought a new position in Corsair Gaming during the 4th quarter worth $177,000. GSA Capital Partners LLP bought a new stake in Corsair Gaming in the third quarter valued at $840,000. Finally, Vontobel Holding Ltd. lifted its stake in Corsair Gaming by 6.6% in the fourth quarter. Vontobel Holding Ltd. now owns 25,897 shares of the company’s stock valued at $365,000 after buying an additional 1,612 shares during the last quarter. 25.66% of the stock is currently owned by institutional investors.

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.