Corsair Gaming (NASDAQ: CRSR – Get Rating)Wedbush shares reaffirmed their “outperform” rating from Wedbush equity research analysts in a note issued to investors on Friday, reports RTT News. They currently have a price target of $ 22.00 on the stock. Wedbush’s price target is for a potential upside of 38.36% from the company’s current price.
Several other equity analysts have also published reports on the CRSR. Barclays lowered Corsair Gaming’s target price from $ 34.00 to $ 31.00 and set an “overweight” rating on the stock in a research report on Wednesday, Feb.9. Stifel Nicolaus reduced Corsair Gaming’s target price from $ 29.00 to $ 24.00 in a research report on Friday, April 22. DA Davidson reduced Corsair Gaming’s target price from $ 36.00 to $ 30.00 in a research report on Friday, April 22. Macquarie cut his price target on Corsair Gaming from $ 33.00 to $ 27.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 9. Finally, Credit Suisse Group reduced Corsair Gaming’s price target from $ 26.00 to $ 25.00 and established a “neutral” rating on the stock in a research report on Wednesday, February 9. One analyst rated the stock with a sell rating, three assigned a hold rating, and four assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $ 26.67.
Shares of the NASDAQ CRSR are trading up $ 0.36 during trading hours on Friday, reaching $ 15.90. 24,171 shares of the shares traded, compared to its average volume of 766,267. The company has a market capitalization of $ 1.52 billion, a P / E ratio of 15.59 and a beta of 1.70. The company has a quick ratio of 0.91, a current ratio of 1.58, and a debt-to-equity ratio of 0.43. Corsair Gaming has a 52-week low of $ 14.63 and a 52-week high of $ 42.97. The company’s 50-day simple moving average is $ 19.78 and its two hundred-day simple moving average is $ 21.43.
Corsair Gaming (NASDAQ: CRSR – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported earnings per share (EPS) of $ 0.09 for the quarter, missing the consensus estimate of $ 0.30 for ($ 0.21). Corsair Gaming had a return on equity of 24.94% and a net margin of 5.30%. The company reported revenue of $ 380.69 million for the quarter, compared with the consensus estimate of $ 390.60 million. During the same quarter last year, the company earned $ 0.56 per share. Corsair Gaming’s revenue was down 28.1% from the same quarter last year. As a group, sell-side analysts expect Corsair Gaming to post 1.06 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently increased or decreased their holdings in CRSR. Rockefeller Capital Management LP increased its stake in Corsair Gaming stock by 47.6% in Q4. Rockefeller Capital Management LP now owns 1,971 shares in the company valued at $ 41,000 after purchasing an additional 636 shares during the period. Mutual of America Capital Management LLC purchased a new Corsair Gaming stock position in the first quarter valued at approximately $ 101,000. Advisor Group Holdings Inc. increased its stake in Corsair Gaming stock by 26.9% in Q4. Advisor Group Holdings Inc. now owns 5,277 shares in the company worth $ 109,000 after purchasing an additional 1,120 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in Corsair Gaming stock by 21.4% in Q3. Patriot Financial Group Insurance Agency LLC now owns 4,830 shares in the company valued at $ 125,000 after purchasing an additional 850 shares during the period. Finally, ARK Investment Management LLC purchased a new stock position in Corsair Gaming in Q4 worth approximately $ 194,000. Institutional investors own 14.77% of the company’s shares.
About Corsair Gaming (Get evaluation)
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 gaming keyboards, mice, headphones and controllers, as well as capture cards, stream decks, USB microphones, studio accessories and EpocCam software.
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