Corsair Gaming, Inc. (NASDAQ:CRSR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Corsair Gaming, Inc. (NASDAQ:CRSR) has received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.14.

A number of equities analysts have weighed in on CRSR shares. Macquarie decreased their target price on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Barclays cut their target price on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Wedbush reiterated an “outperform” rating and issued a $11.00 price target on shares of Corsair Gaming in a research note on Tuesday, November 5th. Robert W. Baird lowered their price target on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. Finally, TD Cowen lowered their target price on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Thursday, November 7th.

Corsair Gaming Stock Performance

Shares of CRSR stock opened at $7.48 on Monday. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The company’s fifty day moving average price is $6.94 and its 200-day moving average price is $8.06. The stock has a market cap of $783.16 million, a PE ratio of -8.31 and a beta of 1.62. Corsair Gaming has a 12 month low of $5.59 and a 12 month high of $15.07.

Hedge Funds Weigh In On Corsair Gaming

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings 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. FMR LLC raised its holdings in Corsair Gaming by 89.0% in the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after purchasing an additional 2,291 shares during the period. Squarepoint Ops LLC acquired a new position in Corsair Gaming in the 2nd quarter worth about $121,000. Intech Investment Management LLC acquired a new position in Corsair Gaming in the 3rd quarter worth about $77,000. Finally, Virtu Financial LLC acquired a new position in Corsair Gaming in the 1st quarter worth about $162,000. 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.