Analysts Set Corsair Gaming, Inc. (NASDAQ:CRSR) Target Price at $10.13

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $10.1250.

Several research analysts recently weighed in on the company. Craig Hallum started coverage on Corsair Gaming in a research report on Wednesday, October 8th. They issued a “buy” rating and a $12.00 price objective for the company. Barclays upgraded Corsair Gaming to a “strong-buy” rating in a research report on Friday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Corsair Gaming in a report on Friday. Finally, B. Riley initiated coverage on Corsair Gaming in a report on Thursday, October 2nd. They issued a “neutral” rating and a $10.00 price objective on the stock.

Hedge Funds Weigh In On Corsair Gaming

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRSR. Palisade Capital Management LP raised its stake in Corsair Gaming by 3.5% during the first quarter. Palisade Capital Management LP now owns 2,416,490 shares of the company’s stock worth $21,410,000 after acquiring an additional 81,376 shares during the period. Jump Financial LLC lifted its holdings in shares of Corsair Gaming by 124.4% in the first quarter. Jump Financial LLC now owns 102,690 shares of the company’s stock valued at $910,000 after purchasing an additional 56,921 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Corsair Gaming in the first quarter valued at $354,000. Goldman Sachs Group Inc. raised its holdings in shares of Corsair Gaming by 83.3% during the first quarter. Goldman Sachs Group Inc. now owns 449,779 shares of the company’s stock worth $3,985,000 after acquiring an additional 204,351 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new position in Corsair Gaming during the first quarter valued at about $7,772,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

Corsair Gaming Stock Up 2.4%

Shares of CRSR stock opened at $8.60 on Thursday. Corsair Gaming has a 1-year low of $5.64 and a 1-year high of $13.02. The stock’s fifty day moving average price is $8.48 and its 200 day moving average price is $8.51. 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 cap of $911.94 million, a price-to-earnings ratio of -10.62 and a beta of 1.76.

Corsair Gaming (NASDAQ:CRSR) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $320.11 million during the quarter, compared to analysts’ expectations of $312.38 million. Corsair Gaming had a negative return on equity of 3.12% and a negative net margin of 6.00%.The company’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS. Corsair Gaming has set its FY 2025 guidance at EPS. On average, research analysts expect that Corsair Gaming will post 0.22 earnings per share for the current fiscal year.

About Corsair Gaming

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.