Corsair Gaming, Inc. (NASDAQ: CRSR) Given the average “hold” recommendation by brokerage firms
Shares of Corsair Gaming, Inc. (NASDAQ: CRSR) have received a consensus rating of “Hold” from the nine brokerages that currently cover the company, reports MarketBeat. Five research analysts rated the stock with a conservation rating and four issued a buy rating on the company. The 1-year average price target among brokerage firms that updated their equity coverage in the past year is $ 38.75.
A number of analysts have published reports on CRSR shares. Barclays lowered its price target on Corsair Gaming from $ 42.00 to $ 34.00 and set an “overweight” rating on the stock in a report released on Wednesday, November 3. Credit Suisse Group lowered its price target for Corsair Gaming from $ 31.00 to $ 26.00 and rated the stock “neutral” in a report released on Friday, October 15. Zacks Investment Research upgraded Corsair Gaming from a “strong sell” rating to a “conservation” rating in a report released on Tuesday, January 4. Cowen lowered his target price on Corsair Gaming from $ 37.00 to $ 32.00 and set a “market performance” rating on the stock in a report released on Monday, October 18. Finally, DA Davidson lowered its price target on Corsair Gaming from $ 47.00 to $ 40.00 and set a “buy” rating on the stock in a report released on Tuesday, October 26.
Several institutional investors have recently bought and sold shares. UBS Asset Management Americas Inc. increased its position in Corsair Gaming shares by 7.2% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 18,129 shares of the company valued at $ 470,000 after purchasing an additional 1,223 shares during the period. Moors & Cabot Inc. purchased a new equity stake in Corsair Gaming during the third quarter valued at $ 941,000. Patriot Financial Group Insurance Agency LLC increased its stake in Corsair Gaming shares by 21.4% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,830 shares of the company valued at $ 125,000 after purchasing an additional 850 shares during the period. Bank of New York Mellon Corp increased its stake in Corsair Gaming shares by 24.1% during the third quarter. Bank of New York Mellon Corp now owns 107,231 shares of the company valued at $ 2,780,000 after purchasing an additional 20,822 shares during the period. Finally, Aurora Investment Counsel increased its stake in Corsair Gaming by 26.9% in the third quarter. Aurora Investment Counsel now owns 22,425 shares of the company valued at $ 581,000 after acquiring an additional 4,755 shares during the period. Institutional investors and hedge funds hold 73.51% of the company’s shares.
NASDAQ CRSR shares opened at $ 20.73 on Wednesday. The company has a leverage ratio of 0.45, a quick ratio of 0.79, and a current ratio of 1.49. The company has a market cap of $ 1.96 billion, a price-to-earnings ratio of 17.28 and a beta of 2.00. The company’s 50-day simple moving average is $ 22.79 and its 200-day simple moving average is $ 26.18. Corsair Gaming has a 52 week low of $ 19.74 and a 52 week high of $ 49.60.
Corsair Gaming (NASDAQ: CRSR) last released its quarterly results on Tuesday, November 2. The company reported EPS of $ 0.16 for the quarter, missing Zacks’ consensus estimate of $ 0.22 ($ 0.06). The company posted revenue of $ 391.12 million for the quarter, compared to analysts’ estimates of $ 391.20 million. Corsair Gaming has a net margin of 6.12% and a return on equity of 30.59%. During the same period of the previous year, the company posted EPS of $ 0.52. As a group, equity research analysts predict that Corsair Gaming will post earnings per share of 1.22 for the current year.
About Corsair Gaming
Corsair Gaming, Inc., together with its subsidiaries, designs, markets and distributes gaming and streaming peripherals, components, and systems in the Americas, Europe, the Middle East and Asia-Pacific. The company offers peripherals for gamers and creators, including keyboards, mice, headsets and game controllers, as well as capture cards, broadcast decks, USB microphones, studio accessories and software. EpocCam.
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