TD Cowen Lowers Corsair Gaming (NASDAQ:CRSR) Price Target to $9.00

Corsair Gaming (NASDAQ:CRSR) had its price objective reduced by TD Cowen from $10.00 to $9.00 in a research note issued to investors on Thursday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

CRSR has been the subject of a number of other reports. Stifel Nicolaus lowered their price objective on Corsair Gaming from $16.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Wedbush restated an “outperform” rating and set a $11.00 price target on shares of Corsair Gaming in a report on Tuesday, November 5th. Robert W. Baird reduced their price objective on shares of Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. The Goldman Sachs Group lowered their target price on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Barclays cut their price target on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.14.

Corsair Gaming Stock Performance

Shares of Corsair Gaming stock opened at $6.54 on Thursday. The stock has a market cap of $684.74 million, a price-to-earnings ratio of -7.27 and a beta of 1.59. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.26. Corsair Gaming has a twelve month low of $5.59 and a twelve month high of $15.07. The company’s fifty day moving average is $6.59 and its 200 day moving average is $8.60.

Hedge Funds Weigh In On Corsair Gaming

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of Corsair Gaming by 995.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock valued at $33,000 after buying an additional 4,312 shares during the period. Squarepoint Ops LLC bought a new position in Corsair Gaming in the second quarter worth approximately $121,000. Intech Investment Management LLC bought a new position in Corsair Gaming in the third quarter worth approximately $77,000. Virtu Financial LLC acquired a new stake in Corsair Gaming in the first quarter valued at approximately $162,000. Finally, PEAK6 Investments LLC increased its holdings in shares of Corsair Gaming by 144.3% during the first quarter. PEAK6 Investments LLC now owns 13,313 shares of the company’s stock valued at $164,000 after acquiring an additional 43,393 shares in the last quarter. Institutional investors and hedge funds 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.