Corsair Gaming, Inc. (NASDAQ:CRSR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $7.7143.

Several equities analysts have recently commented on CRSR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Corsair Gaming in a research note on Monday, December 29th. Wedbush reiterated an “outperform” rating and set a $7.00 target price on shares of Corsair Gaming in a report on Tuesday, February 17th. Zacks Research raised shares of Corsair Gaming from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. B. Riley Financial upped their price target on shares of Corsair Gaming from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Finally, Barclays dropped their price objective on shares of Corsair Gaming from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CRSR. Invesco Ltd. boosted its position in Corsair Gaming by 144.4% during the fourth quarter. Invesco Ltd. now owns 1,330,581 shares of the company’s stock valued at $7,904,000 after purchasing an additional 786,049 shares in the last quarter. Millennium Management LLC lifted its position in shares of Corsair Gaming by 506.2% during the fourth quarter. Millennium Management LLC now owns 635,798 shares of the company’s stock valued at $3,777,000 after buying an additional 530,914 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Corsair Gaming during the third quarter valued at about $3,877,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Corsair Gaming by 15.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,042,943 shares of the company’s stock valued at $18,075,000 after buying an additional 401,171 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its position in shares of Corsair Gaming by 128.9% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 625,000 shares of the company’s stock worth $5,575,000 after buying an additional 352,000 shares during the last quarter. 25.66% of the stock is owned by institutional investors.

Corsair Gaming Trading Up 0.9%

Shares of CRSR opened at $5.45 on Wednesday. The firm has a market capitalization of $580.81 million, a price-to-earnings ratio of -41.92 and a beta of 1.55. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.54 and a quick ratio of 0.84. Corsair Gaming has a 1-year low of $4.48 and a 1-year high of $12.35. The company has a 50-day moving average of $5.64 and a 200 day moving average of $7.02.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.17. Corsair Gaming had a negative net margin of 0.87% and a positive return on equity of 6.71%. The firm had revenue of $436.86 million during the quarter, compared to the consensus estimate of $422.66 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. On average, research analysts expect that Corsair Gaming will post 0.22 EPS for the current year.

Corsair Gaming Company Profile

Corsair Gaming, Inc, headquartered in Fremont, California, is a leading manufacturer of high-performance gaming peripherals and PC components. Since its founding in 1994 by Andy Paul, Don Lieberman and John Beekley as Corsair Microsystems, the company has evolved from producing memory modules to a broad portfolio of gaming hardware. Its product range includes gaming keyboards, mice, headsets, PC chassis, power supplies, cooling solutions, memory modules, solid-state drives and streaming accessories under brands such as Corsair, Elgato and SCUF Gaming.

The company’s solutions cater to PC enthusiasts, competitive gamers and content creators, offering hardware and integrated software designed to optimize performance and user experience.