Corsair Gaming’s (CRSR) “Outperform” Rating Reaffirmed at Wedbush

Wedbush reaffirmed their outperform rating on shares of Corsair Gaming (NASDAQ:CRSR) in a report published on Wednesday,RTT News reports. They currently have a $12.00 price target on the stock, up from their previous price target of $10.00.

A number of other research analysts have also recently commented on the company. Macquarie dropped their price target on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Barclays dropped their price target on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. The Goldman Sachs Group lowered their target price on shares of Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, TD Cowen dropped their target price on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.29.

Corsair Gaming Stock Performance

Corsair Gaming stock opened at $9.63 on Wednesday. The stock has a market cap of $1.01 billion, a PE ratio of -10.70 and a beta of 1.67. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28. Corsair Gaming has a 12-month low of $5.59 and a 12-month high of $14.13. The business’s 50-day moving average price is $7.70 and its two-hundred day moving average price is $7.11.

Institutional Investors Weigh In On Corsair Gaming

Institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its stake in shares of Corsair Gaming by 85.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock worth $28,104,000 after acquiring an additional 1,857,532 shares in the last quarter. State Street Corp boosted its position in Corsair Gaming by 0.8% during the 3rd quarter. State Street Corp now owns 1,631,501 shares of the company’s stock valued at $11,355,000 after buying an additional 12,373 shares during the period. New York State Common Retirement Fund grew its stake in shares of Corsair Gaming by 40.4% in the fourth quarter. New York State Common Retirement Fund now owns 738,922 shares of the company’s stock worth $4,884,000 after purchasing an additional 212,792 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Corsair Gaming by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 218,742 shares of the company’s stock worth $1,446,000 after buying an additional 7,351 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in Corsair Gaming by 39.6% in the third quarter. Stifel Financial Corp now owns 214,564 shares of the company’s stock valued at $1,493,000 after acquiring an additional 60,811 shares in the last quarter. Hedge funds and other 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.