Corsair Gaming (NASDAQ:CRSR - Get Free Report) had its price target dropped by Macquarie from $11.00 to $9.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Macquarie's target price indicates a potential upside of 37.61% from the company's previous close.
Several other research analysts have also issued reports on CRSR. Stifel Nicolaus cut their price objective on Corsair Gaming from $16.00 to $11.00 and set a "buy" rating for the company in a research report on Monday, July 22nd. Robert W. Baird cut their price target on Corsair Gaming from $10.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, September 25th. The Goldman Sachs Group reduced their target price on shares of Corsair Gaming from $9.00 to $7.00 and set a "neutral" rating on the stock in a research report on Thursday. TD Cowen decreased their price objective on Corsair Gaming from $10.00 to $9.00 and set a "hold" rating for the company in a research report on Thursday. Finally, Wedbush restated an "outperform" rating and set a $11.00 price objective on shares of Corsair Gaming in a report on Tuesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.14.
View Our Latest Report on CRSR
CRSR traded down $0.31 during trading on Friday, reaching $6.54. The company had a trading volume of 874,036 shares, compared to its average volume of 448,793. The firm's 50-day simple moving average is $6.60 and its 200 day simple moving average is $8.66. The company has a market cap of $681.14 million, a price-to-earnings ratio of -17.19 and a beta of 1.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 1.80. Corsair Gaming has a 12-month low of $5.59 and a 12-month high of $15.07.
Corsair Gaming (NASDAQ:CRSR - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported ($0.36) earnings per share (EPS) for the quarter. Corsair Gaming had a positive return on equity of 2.17% and a negative net margin of 2.83%. The company had revenue of $304.20 million for the quarter, compared to the consensus estimate of $305.03 million. Equities research analysts anticipate that Corsair Gaming will post 0.07 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Corsair Gaming by 995.8% in the third quarter. GAMMA Investing LLC now owns 4,745 shares of the company's stock worth $33,000 after buying an additional 4,312 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Corsair Gaming in the second quarter worth approximately $121,000. Virtu Financial LLC purchased a new position in Corsair Gaming in the 1st quarter worth approximately $162,000. PEAK6 Investments LLC grew its position in Corsair Gaming by 144.3% in the first quarter. PEAK6 Investments LLC now owns 13,313 shares of the company's stock worth $164,000 after acquiring an additional 43,393 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Corsair Gaming in the 3rd quarter worth approximately $101,000. 25.66% of the stock is owned by institutional investors.
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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