Corsair Gaming (NASDAQ:CRSR) Trading Up 6.5% – Should You Buy?

Corsair Gaming, Inc. (NASDAQ:CRSR)’s stock price traded up 6.5% during mid-day trading on Monday . The stock traded as high as $7.84 and last traded at $7.83. 142,651 shares were traded during trading, a decline of 68% from the average session volume of 452,517 shares. The stock had previously closed at $7.35.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CRSR shares. The Goldman Sachs Group reduced their target price on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Robert W. Baird cut their target price on shares of Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Macquarie dropped their price target on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Wedbush reiterated an “outperform” rating and issued a $11.00 price objective on shares of Corsair Gaming in a report on Tuesday, November 5th. Finally, Barclays decreased their price objective on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.14.

Corsair Gaming Trading Up 5.4 %

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 1.58. The firm has a market capitalization of $811.43 million, a P/E ratio of -8.70 and a beta of 1.59. The firm has a 50-day moving average of $6.83 and a 200-day moving average of $8.16.

Institutional Trading of Corsair Gaming

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRSR. GAMMA Investing LLC raised its position 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 worth $33,000 after acquiring an additional 4,312 shares in the last quarter. FMR LLC increased its position in Corsair Gaming by 89.0% during the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock valued at $34,000 after buying an additional 2,291 shares in the last quarter. Intech Investment Management LLC purchased a new position in Corsair Gaming during the third quarter valued at $77,000. Glenmede Trust Co. NA bought a new stake in Corsair Gaming in the third quarter worth $97,000. Finally, SG Americas Securities LLC bought a new position in shares of Corsair Gaming during the third quarter valued at $101,000. Hedge funds and other 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.