Robert W. Baird Forecasts Strong Price Appreciation for Corsair Gaming (NASDAQ:CRSR) Stock

Corsair Gaming (NASDAQ:CRSR) had its price target boosted by equities research analysts at Robert W. Baird from $8.00 to $11.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target points to a potential upside of 10.66% from the stock’s current price.

A number of other research analysts also recently issued reports on CRSR. TD Cowen dropped their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Barclays dropped 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, November 7th. Wedbush reissued an “outperform” rating and set a $12.00 price objective (up from $10.00) on shares of Corsair Gaming in a report on Wednesday, February 5th. The Goldman Sachs Group lowered their price objective on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Macquarie cut their target price on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.14.

Corsair Gaming Trading Down 0.1 %

NASDAQ:CRSR opened at $9.94 on Thursday. Corsair Gaming has a 52 week low of $5.59 and a 52 week high of $14.13. The firm’s fifty day moving average is $7.95 and its 200-day moving average is $7.18. The firm has a market cap of $1.04 billion, a P/E ratio of -11.04 and a beta of 1.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 1.58.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Corsair Gaming had a negative return on equity of 4.58% and a negative net margin of 7.14%. Equities analysts expect that Corsair Gaming will post -0.38 earnings per share for the current year.

Institutional Trading of Corsair Gaming

Several hedge funds have recently made changes to their positions in CRSR. The Manufacturers Life Insurance Company raised its stake in Corsair Gaming by 18.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,759 shares of the company’s stock valued at $273,000 after acquiring an additional 3,906 shares during the period. SG Americas Securities LLC purchased a new position in shares of Corsair Gaming in the third quarter worth about $101,000. GAMMA Investing LLC raised its position in shares of Corsair Gaming by 995.8% in the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company’s stock valued at $33,000 after purchasing an additional 4,312 shares during the period. Creative Planning lifted its stake in shares of Corsair Gaming by 579.2% during the 3rd quarter. Creative Planning now owns 82,182 shares of the company’s stock valued at $572,000 after buying an additional 70,083 shares in the last quarter. Finally, Quest Partners LLC bought a new position in Corsair Gaming in the 3rd quarter worth approximately $462,000. 25.66% of the stock is currently owned by 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.