By otakuyassine3@gmail.com 
Corsair Gaming (NASDAQ:CRSR – Get Free Report) had its price objective boosted by investment analysts at Barclays from $9.00 to $12.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 3.38% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Macquarie decreased their target price on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Robert W. Baird raised their target price on Corsair Gaming from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday. The Goldman Sachs Group cut their price target 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. TD Cowen cut their price target on Corsair Gaming from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Finally, Wedbush reiterated an “outperform” rating and set a $12.00 price target (up previously from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.14.
Get Our Latest Analysis on Corsair Gaming
Corsair Gaming Trading Down 0.7 %
Shares of Corsair Gaming stock opened at $12.42 on Thursday. Corsair Gaming has a 1 year low of $5.59 and a 1 year high of $14.13. The firm has a market cap of $1.30 billion, a PE ratio of -13.80 and a beta of 1.68. The stock has a fifty day moving average price of $8.05 and a 200-day moving average price of $7.21. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.58 and a quick ratio of 0.77.
Corsair Gaming (NASDAQ:CRSR – Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Corsair Gaming had a negative return on equity of 4.58% and a negative net margin of 7.14%. Equities research analysts anticipate that Corsair Gaming will post -0.38 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in CRSR. GAMMA Investing LLC boosted its position in shares of Corsair Gaming by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 6,716 shares of the company’s stock valued at $44,000 after acquiring an additional 1,971 shares during the last quarter. FMR LLC boosted its position in shares of Corsair Gaming by 89.0% during the 3rd quarter. FMR LLC now owns 4,864 shares of the company’s stock valued at $34,000 after acquiring an additional 2,291 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Corsair Gaming by 45.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company’s stock valued at $53,000 after acquiring an additional 2,538 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Corsair Gaming by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 39,429 shares of the company’s stock valued at $274,000 after acquiring an additional 2,756 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Corsair Gaming by 7.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,745 shares of the company’s stock valued at $257,000 after acquiring an additional 2,789 shares during the last quarter. Institutional investors 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.
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