Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $15.83 Average Target Price from Analysts

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $15.83.

Separately, Wedbush reiterated an “outperform” rating and set a $18.00 price objective on shares of Corsair Gaming in a report on Wednesday, May 8th.

Corsair Gaming Price Performance

CRSR opened at $11.11 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 0.25. Corsair Gaming has a 12-month low of $10.31 and a 12-month high of $18.83. The stock has a fifty day moving average of $11.24 and a 200-day moving average of $12.42. The firm has a market capitalization of $1.15 billion, a P/E ratio of -138.88 and a beta of 1.61.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). Corsair Gaming had a positive return on equity of 4.70% and a negative net margin of 0.58%. The firm had revenue of $337.26 million for the quarter, compared to analysts’ expectations of $364.15 million. Equities analysts forecast that Corsair Gaming will post 0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Corsair Gaming

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Corsair Gaming by 1.2% during the first quarter. Vanguard Group Inc. now owns 5,485,063 shares of the company’s stock worth $67,686,000 after buying an additional 64,373 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Corsair Gaming by 23.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,633,973 shares of the company’s stock valued at $23,040,000 after purchasing an additional 305,602 shares during the last quarter. Palisade Capital Management LP grew its position in shares of Corsair Gaming by 19.2% in the fourth quarter. Palisade Capital Management LP now owns 1,429,110 shares of the company’s stock valued at $20,150,000 after purchasing an additional 230,390 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Corsair Gaming by 94.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,395,985 shares of the company’s stock valued at $19,683,000 after purchasing an additional 678,017 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Corsair Gaming by 32.4% in the fourth quarter. New York State Common Retirement Fund now owns 411,321 shares of the company’s stock valued at $5,800,000 after purchasing an additional 100,760 shares during the last quarter. 25.66% of the stock is owned by institutional investors and hedge funds.

Corsair Gaming Company Profile

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.