Corsair Gaming (NASDAQ:CRSR) Given “Outperform” Rating at Wedbush

Wedbush reissued their outperform rating on shares of Corsair Gaming (NASDAQ:CRSR) in a report published on Wednesday morning,RTT News reports. Wedbush currently has a $12.00 target price on the stock, up from their prior target price of $10.00.

Several other analysts have also issued reports on the company. Macquarie cut their price target on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, November 8th. TD Cowen reduced their price target on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. 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. Finally, 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 report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.29.

Corsair Gaming Stock Up 1.3 %

Corsair Gaming stock opened at $9.63 on Wednesday. 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 stock has a market cap of $1.01 billion, a PE ratio of -10.70 and a beta of 1.67. The stock has a fifty day moving average of $7.70 and a 200 day moving average of $7.11. Corsair Gaming has a one year low of $5.59 and a one year high of $14.13.

Institutional Trading of Corsair Gaming

A number of large investors have recently made changes to their positions in CRSR. GAMMA Investing LLC increased its stake in 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 buying an additional 4,312 shares during the period. FMR LLC increased its position in shares of Corsair Gaming by 89.0% during the third quarter. FMR LLC now owns 4,864 shares of the company’s stock worth $34,000 after acquiring an additional 2,291 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Corsair Gaming during the second quarter valued at approximately $121,000. Intech Investment Management LLC purchased a new stake in shares of Corsair Gaming in the third quarter valued at approximately $77,000. Finally, Proficio Capital Partners LLC bought a new position in Corsair Gaming in the fourth quarter worth approximately $90,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

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.