Corsair Gaming (NASDAQ:CRSR) Reaches New 12-Month Low at $11.40

Corsair Gaming, Inc. (NASDAQ:CRSR) shares reached a new 52-week low during trading on Monday . The stock traded as low as $11.40 and last traded at $11.45, with a volume of 28866 shares traded. The stock had previously closed at $11.54.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CRSR shares. Robert W. Baird lowered their price target on Corsair Gaming from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, February 15th. Wedbush restated an “outperform” rating and set a $21.00 price target on shares of Corsair Gaming in a research report on Wednesday, February 7th. Stifel Nicolaus lowered 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 report on Wednesday, February 14th. Finally, Barclays lowered their price target on Corsair Gaming from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Corsair Gaming presently has an average rating of “Moderate Buy” and an average target price of $16.33.

Corsair Gaming Stock Performance

The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 365.12 and a beta of 1.61. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.13. The firm has a 50 day moving average price of $12.52 and a 200-day moving average price of $13.09.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). Corsair Gaming had a net margin of 0.15% and a return on equity of 5.13%. The company had revenue of $417.29 million during the quarter, compared to analyst estimates of $435.57 million. As a group, sell-side analysts expect that Corsair Gaming, Inc. will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of Corsair Gaming

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its stake in Corsair Gaming by 429.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,509 shares of the company’s stock valued at $32,000 after buying an additional 1,224 shares in the last quarter. Covestor Ltd raised its stake in Corsair Gaming by 23,240.0% in the third quarter. Covestor Ltd now owns 2,334 shares of the company’s stock valued at $34,000 after buying an additional 2,324 shares in the last quarter. Captrust Financial Advisors raised its stake in Corsair Gaming by 1,179.2% in the second quarter. Captrust Financial Advisors now owns 5,104 shares of the company’s stock valued at $67,000 after buying an additional 4,705 shares in the last quarter. Sandia Investment Management LP acquired a new stake in Corsair Gaming in the fourth quarter valued at $68,000. Finally, Tower Research Capital LLC TRC raised its stake in Corsair Gaming by 224.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,878 shares of the company’s stock valued at $69,000 after buying an additional 2,682 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors and hedge funds.

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.