Shares of Corsair Gaming, Inc. (NASDAQ:CRSR – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $9.5714.
A number of research firms recently weighed in on CRSR. Wall Street Zen upgraded shares of Corsair Gaming from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. B. Riley Financial lifted their price target on shares of Corsair Gaming from $7.50 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Zacks Research upgraded shares of Corsair Gaming from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Barclays increased their price objective on shares of Corsair Gaming from $8.00 to $9.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Corsair Gaming from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 11th.
View Our Latest Stock Report on CRSR
Corsair Gaming Stock Down 0.2%
Corsair Gaming (NASDAQ:CRSR – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The firm had revenue of $354.51 million during the quarter, compared to analyst estimates of $351.58 million. Corsair Gaming had a return on equity of 9.71% and a net margin of 0.71%.Corsair Gaming’s revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. As a group, equities analysts expect that Corsair Gaming will post 0.48 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Corsair Gaming
Several large investors have recently bought and sold shares of CRSR. Massachusetts Financial Services Co. MA lifted its holdings in Corsair Gaming by 15.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,042,943 shares of the company’s stock worth $18,075,000 after buying an additional 401,171 shares during the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Corsair Gaming in the 4th quarter valued at about $1,158,000. Investor AB acquired a new stake in shares of Corsair Gaming during the 4th quarter worth about $741,000. WINTON GROUP Ltd raised its position in shares of Corsair Gaming by 104.6% during the 4th quarter. WINTON GROUP Ltd now owns 182,991 shares of the company’s stock worth $1,087,000 after acquiring an additional 93,538 shares in the last quarter. Finally, AXQ Capital LP acquired a new stake in shares of Corsair Gaming during the 4th quarter worth about $323,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.
About Corsair Gaming
Corsair Gaming, Inc, headquartered in Fremont, California, is a leading manufacturer of high-performance gaming peripherals and PC components. Since its founding in 1994 by Andy Paul, Don Lieberman and John Beekley as Corsair Microsystems, the company has evolved from producing memory modules to a broad portfolio of gaming hardware. Its product range includes gaming keyboards, mice, headsets, PC chassis, power supplies, cooling solutions, memory modules, solid-state drives and streaming accessories under brands such as Corsair, Elgato and SCUF Gaming.
The company’s solutions cater to PC enthusiasts, competitive gamers and content creators, offering hardware and integrated software designed to optimize performance and user experience.
Featured Stories
- Five stocks we like better than Corsair Gaming
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for Corsair Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corsair Gaming and related companies with MarketBeat.com's FREE daily email newsletter.
