Macquarie Issues Pessimistic Forecast for Corsair Gaming (NASDAQ:CRSR) Stock Price

Corsair Gaming (NASDAQ:CRSR) had its target price lowered by analysts at Macquarie from $11.00 to $9.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Macquarie’s price target suggests a potential upside of 37.61% from the stock’s current price.

CRSR has been the topic of a number of other reports. TD Cowen lowered their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday. Barclays lowered their price target on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday. The Goldman Sachs Group cut their price objective on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday. Robert W. Baird lowered their target price on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. Finally, Stifel Nicolaus dropped their price target on Corsair Gaming from $16.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.14.

Corsair Gaming Stock Down 4.5 %

Shares of Corsair Gaming stock opened at $6.54 on Friday. Corsair Gaming has a 12-month low of $5.59 and a 12-month high of $15.07. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $6.59 and a two-hundred day moving average price of $8.61. The stock has a market capitalization of $681.14 million, a P/E ratio of -7.27 and a beta of 1.59.

Institutional Trading of Corsair Gaming

A number of hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Corsair Gaming by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company’s stock worth $250,000 after acquiring an additional 1,348 shares during the period. The Manufacturers Life Insurance Company raised its position in Corsair Gaming by 18.7% in the second quarter. The Manufacturers Life Insurance Company now owns 24,759 shares of the company’s stock worth $273,000 after purchasing an additional 3,906 shares in the last quarter. GAMMA Investing LLC lifted its stake in Corsair Gaming by 995.8% during the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock worth $33,000 after purchasing an additional 4,312 shares during the period. Lebenthal Global Advisors LLC boosted its holdings in Corsair Gaming by 16.2% during the second quarter. Lebenthal Global Advisors LLC now owns 39,508 shares of the company’s stock valued at $436,000 after purchasing an additional 5,508 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in shares of Corsair Gaming by 7.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 96,014 shares of the company’s stock valued at $1,060,000 after purchasing an additional 6,262 shares during the period. 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.