Sun. Jul 14th, 2024

Corsair Gaming, Inc. (NASDAQ:CRSR) Given the consensus recommendation of “Moderate Buy” by brokers

By Vaseline May26,2024

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR – Get Free Report) have an average rating of “Moderate Buy” from the six research firms currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average one-year price objective among brokers who updated their coverage of the stock in the past year is $15.83.

CRSR has been the subject of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $18.00 target price on shares of Corsair Gaming in a research report on Wednesday, May 8. Robert W. Baird lowered his price objective on shares of Corsair Gaming from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, February 15. Barclays lowered their price target on shares of Corsair Gaming from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 14th. Finally, Stifel Nicolaus cut their price target on Corsair Gaming from $17.00 to $16.00 and set an “action list buy” rating for the company in a research note on Wednesday, February 14th.

Check out our latest report on Corsair Gaming

Hedge funds weigh in on Corsair Gaming

A number of hedge funds have recently changed their holdings of CRSR. Vanguard Group Inc. increased its position in Corsair Gaming by 2.8% during the third quarter. Vanguard Group Inc. now owns 5,429,071 shares of the company’s stock worth $78,884,000 after purchasing an additional 149,947 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Corsair Gaming during the fourth quarter valued at approximately $177,000. Mirabella Financial Services LLP acquired a new position in shares of Corsair Gaming during the third quarter valued at approximately $1,421,000. The Swiss National Bank increased its stake in Corsair Gaming by 1.5% in the third quarter. The Swiss National Bank now owns 100,900 shares of the company, valued at $1,466,000, after acquiring another 1,500 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Corsair Gaming during the third quarter worth approximately $840,000. Institutional investors and hedge funds own 25.66% of the company’s shares.

Corsair Gaming is trading 1.0% higher

Shares of CRSR opened at $11.30 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.08 and a current ratio of 1.82. Corsair Gaming has a 52-week low of $10.31 and a 52-week high of $20.72. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -141.25 and a beta of 1.61. The company’s fifty-day moving average is $11.52 and its 200-day moving average is $12.66.

Corsair Gaming Company Profile

(Get a free report

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 peripherals for gamers and creators, including gaming keyboards, mice, headsets, controllers, and streaming products such as capture cards, streaming decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.

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Analyst Recommendations for Corsair Gaming (NASDAQ:CRSR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat editorial staff before publication. Send any questions or comments about this story to [email protected].

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