Corsair Gaming (NASDAQ:CRSR) Hits New 1-Year Low at $10.30

Corsair Gaming, Inc. (NASDAQ:CRSR) shares reached a new 52-week low on Tuesday . The stock traded as low as $10.30 and last traded at $10.32, with a volume of 372441 shares traded. The stock had previously closed at $10.48.

Wall Street Analyst Weigh In

Separately, Wedbush restated an “outperform” rating and issued a $18.00 target price on shares of Corsair Gaming in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.83.

Corsair Gaming Trading Up 0.5 %

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.08 and a current ratio of 1.82. The company has a 50-day simple moving average of $11.22 and a 200 day simple moving average of $12.30. The company has a market capitalization of $1.08 billion, a P/E ratio of -129.63 and a beta of 1.59.

Corsair Gaming (NASDAQ:CRSR) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). The business had revenue of $337.26 million during the quarter, compared to the consensus estimate of $364.15 million. Corsair Gaming had a positive return on equity of 4.70% and a negative net margin of 0.58%. Sell-side analysts expect that Corsair Gaming, Inc. will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On Corsair Gaming

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in shares of Corsair Gaming during the first quarter valued at $162,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Corsair Gaming by 7.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,235 shares of the company’s stock valued at $250,000 after acquiring an additional 1,348 shares during the period. PEAK6 Investments LLC lifted its stake in shares of Corsair Gaming by 144.3% during the first quarter. PEAK6 Investments LLC now owns 13,313 shares of the company’s stock valued at $164,000 after acquiring an additional 43,393 shares during the period. EntryPoint Capital LLC lifted its stake in shares of Corsair Gaming by 286.4% during the first quarter. EntryPoint Capital LLC now owns 17,041 shares of the company’s stock valued at $210,000 after acquiring an additional 12,631 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Corsair Gaming by 1.2% in the first quarter. Vanguard Group Inc. now owns 5,485,063 shares of the company’s stock valued at $67,686,000 after purchasing an additional 64,373 shares during the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

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.