Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $9.83 Consensus PT from Analysts

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have received a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $9.8571.

A number of equities research analysts have recently weighed in on the company. Barclays raised Corsair Gaming to a “strong-buy” rating in a report on Friday, August 8th. B. Riley assumed coverage on Corsair Gaming in a report on Thursday. They set a “neutral” rating and a $10.00 target price for the company. Wall Street Zen raised Corsair Gaming from a “hold” rating to a “buy” rating in a report on Friday, June 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Corsair Gaming in a report on Saturday, September 27th.

Corsair Gaming Trading Up 0.8%

Shares of Corsair Gaming stock opened at $8.03 on Friday. Corsair Gaming has a 1 year low of $5.64 and a 1 year high of $13.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 0.75. The company has a market capitalization of $851.50 million, a price-to-earnings ratio of -9.91 and a beta of 1.76. The business has a fifty day simple moving average of $8.78 and a two-hundred day simple moving average of $8.57.

Corsair Gaming (NASDAQ:CRSR) last posted its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Corsair Gaming had a negative return on equity of 3.12% and a negative net margin of 6.00%.The company had revenue of $320.11 million during the quarter, compared to the consensus estimate of $312.38 million. During the same quarter last year, the firm earned ($0.07) earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. Corsair Gaming has set its FY 2025 guidance at EPS. Research analysts forecast that Corsair Gaming will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Corsair Gaming by 5.0% in the first quarter. Vanguard Group Inc. now owns 6,101,154 shares of the company’s stock valued at $54,056,000 after purchasing an additional 287,795 shares in the last quarter. Palisade Capital Management LP raised its stake in Corsair Gaming by 3.5% in the first quarter. Palisade Capital Management LP now owns 2,416,490 shares of the company’s stock valued at $21,410,000 after purchasing an additional 81,376 shares in the last quarter. Sunriver Management LLC acquired a new position in Corsair Gaming in the first quarter valued at about $16,733,000. Geode Capital Management LLC raised its stake in Corsair Gaming by 5.2% in the second quarter. Geode Capital Management LLC now owns 1,231,456 shares of the company’s stock valued at $11,614,000 after purchasing an additional 61,075 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in Corsair Gaming by 302.3% in the first quarter. Alyeska Investment Group L.P. now owns 914,879 shares of the company’s stock valued at $8,106,000 after purchasing an additional 687,477 shares in the last quarter. Institutional investors and hedge funds 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.