Shares of Corsair Gaming, Inc. (NASDAQ:CRSR – Get Free Report) have received a consensus rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $8.3333.
CRSR has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Corsair Gaming from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Wall Street Zen downgraded shares of Corsair Gaming from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Craig Hallum restated a “hold” rating and issued a $10.00 price target on shares of Corsair Gaming in a research note on Monday, June 1st. Wedbush raised their price target on shares of Corsair Gaming from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Barclays raised their price target on shares of Corsair Gaming from $8.00 to $9.00 and gave the company an “overweight” rating in a research note on Friday, May 8th.
View Our Latest Stock Analysis on Corsair Gaming
Institutional Investors Weigh In On Corsair Gaming
Corsair Gaming Trading Up 3.7%
CRSR opened at $8.95 on Friday. The company’s 50 day moving average is $7.48 and its 200-day moving average is $6.37. Corsair Gaming has a 1-year low of $4.48 and a 1-year high of $13.10. The company has a current ratio of 1.74, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. The company has a market cap of $956.58 million, a P/E ratio of 111.89 and a beta of 1.83.
Corsair Gaming (NASDAQ:CRSR – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. Corsair Gaming had a net margin of 0.71% and a return on equity of 9.71%. The company had revenue of $354.51 million for the quarter, compared to the consensus estimate of $351.58 million. During the same period last year, the company posted $0.11 EPS. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. Equities research analysts predict that Corsair Gaming will post 0.46 earnings per share for the current fiscal year.
Corsair Gaming Company Profile
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.
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