Corsair Gaming (NASDAQ:CRSR) Receives Outperform Rating from Wedbush

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

Several other research firms also recently weighed in on CRSR. TD Cowen cut their target price on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Macquarie dropped their price objective on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Barclays dropped their price objective on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Finally, The Goldman Sachs Group dropped their price objective on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Corsair Gaming has an average rating of “Moderate Buy” and a consensus target price of $9.29.

Corsair Gaming Stock Performance

NASDAQ CRSR opened at $9.25 on Wednesday. The company has a market cap of $968.48 million, a P/E ratio of -10.28 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. The business’s 50 day moving average price is $7.80 and its 200-day moving average price is $7.14. Corsair Gaming has a fifty-two week low of $5.59 and a fifty-two week high of $14.13.

Institutional Investors Weigh In On Corsair Gaming

Several hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Corsair Gaming by 85.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock worth $28,104,000 after buying an additional 1,857,532 shares during the period. State Street Corp lifted its holdings in shares of Corsair Gaming by 0.8% in the 3rd quarter. State Street Corp now owns 1,631,501 shares of the company’s stock worth $11,355,000 after buying an additional 12,373 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Corsair Gaming by 40.4% in the 4th quarter. New York State Common Retirement Fund now owns 738,922 shares of the company’s stock worth $4,884,000 after buying an additional 212,792 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Corsair Gaming by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 397,801 shares of the company’s stock worth $2,629,000 after buying an additional 15,067 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Corsair Gaming by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 218,742 shares of the company’s stock worth $1,446,000 after buying an additional 7,351 shares during the period. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

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.