Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $9.14 Consensus PT from Brokerages

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $9.14.

Several equities research analysts have issued reports on CRSR shares. Macquarie dropped their target price on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group lowered their price objective on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. TD Cowen reduced their target price on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. Barclays dropped their price target on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $11.00 price objective on shares of Corsair Gaming in a report on Tuesday, November 5th.

Corsair Gaming Price Performance

Shares of NASDAQ CRSR opened at $6.98 on Friday. The firm has a market capitalization of $730.81 million, a P/E ratio of -7.76 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 stock’s 50-day simple moving average is $6.98 and its two-hundred day simple moving average is $7.49. Corsair Gaming has a twelve month low of $5.59 and a twelve month high of $14.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CRSR. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 during the period. Jacobs Levy Equity Management Inc. bought a new stake in Corsair Gaming during the 3rd quarter valued at $1,094,000. Main Management ETF Advisors LLC purchased a new stake in Corsair Gaming during the 3rd quarter valued at $735,000. Creative Planning grew its holdings in Corsair Gaming by 579.2% in the 3rd quarter. Creative Planning now owns 82,182 shares of the company’s stock worth $572,000 after acquiring an additional 70,083 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of Corsair Gaming during the third quarter valued at about $462,000. 25.66% of the stock is owned by institutional investors.

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.