Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $8.33 Consensus Price Target from Analysts

Corsair Gaming, Inc. (NASDAQ:CRSRGet Free Report) has earned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $8.3333.

CRSR has been the topic of a number of recent research reports. Wall Street Zen raised Corsair Gaming from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 20th. Wedbush raised their price target on shares of Corsair Gaming from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Zacks Research downgraded shares of Corsair Gaming from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Weiss Ratings raised shares of Corsair Gaming from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Finally, Craig Hallum restated a “hold” rating and set a $10.00 target price on shares of Corsair Gaming in a report on Monday, June 1st.

Check Out Our Latest Analysis on CRSR

Corsair Gaming Trading Down 4.0%

Shares of NASDAQ CRSR traded down $0.36 during mid-day trading on Tuesday, hitting $8.71. The company’s stock had a trading volume of 809,477 shares, compared to its average volume of 2,335,735. Corsair Gaming has a one year low of $4.48 and a one year high of $13.10. The company’s fifty day simple moving average is $8.45 and its 200-day simple moving average is $6.67. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.74 and a quick ratio of 0.95. The stock has a market cap of $930.82 million, a price-to-earnings ratio of 108.95 and a beta of 1.85.

Corsair Gaming (NASDAQ:CRSRGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Corsair Gaming had a return on equity of 9.71% and a net margin of 0.71%.The business had revenue of $354.51 million during the quarter, compared to analysts’ expectations of $351.58 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Corsair Gaming will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Corsair Gaming

Several hedge funds have recently bought and sold shares of CRSR. Kemnay Advisory Services Inc. acquired a new position in shares of Corsair Gaming in the 4th quarter valued at approximately $37,000. Tower Research Capital LLC TRC boosted its position in Corsair Gaming by 245.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company’s stock worth $49,000 after buying an additional 3,681 shares during the period. Cetera Investment Advisers bought a new position in shares of Corsair Gaming during the first quarter valued at $56,000. R Squared Ltd acquired a new position in shares of Corsair Gaming during the first quarter worth $58,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Corsair Gaming during the fourth quarter worth $62,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Corsair Gaming Company Profile

(Get Free Report)

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 Articles

Analyst Recommendations for Corsair Gaming (NASDAQ:CRSR)

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.